CD rates are back up to decent % - 4.85% for 1 yr

k-2 · Post by **k-2** » Sun. Feb. 19, 2023 8:08 pm

davidmcbeth3 wrote: ↑
Sun. Feb. 19, 2023 2:20 pm
Just relax when you see something not to your liking.
If your young and go broke .. so what ?

Its all common sense like anything else .Im NOT a gambler my any means and absolutely hate losing money ,I have never bought a single lottery ticket either.But everyone i know in the market has cm eout ahead and in most case way ahead. All are in some form of stock ownership even if they only have a mutual fund they are in the stock market. Some of us will naturally good at this and some of us wont. 90 % my assets are still in real estate which im in the process of selling. And im looking for the best place to park that cash as inflation is eating all of us alive. Im giving it a full year to really judge my results but it looks promising up to this point. I use TD amertrade.

k-2 · Post by **k-2** » Sun. Feb. 19, 2023 8:35 pm

mozz wrote: ↑
Sun. Feb. 19, 2023 1:13 pm
Made a few thou with Robinhood buying and selling stock, right before the pandemic. .

The pandemic was a day traders dream. Market crashed big time. Bargains galore. Look at any stock chart and you can find the pandemics worst months. If you were in big and didnt get out you initially lost a fortune but it did come roaring back to new heights fairly quickly and you wound up ahead in short order.

k-2 · Post by **k-2** » Mon. Feb. 20, 2023 1:36 pm

The "No Risk" Govt bonds do have a built in risk and thats the fact that your investment is just about guaranteed to lose value over time. Inflation is the silent investment killer.

grumpy · Post by **grumpy** » Sun. Feb. 26, 2023 7:20 pm

8% by end of next year….Ha

k-2 · Post by **k-2** » Thu. Mar. 02, 2023 11:56 am

Savings rate 2 to 5 % . Inflation 10% plus. Somethings wrong with this picture.

nut · Post by **nut** » Thu. Mar. 02, 2023 12:15 pm

^ You have to factor in the guaranteed return vs no guaranteed return. Do you always pick em right?

k-2 · Post by **k-2** » Thu. Mar. 02, 2023 1:15 pm

nut wrote: ↑
Thu. Mar. 02, 2023 12:15 pm
^ You have to factor in the guaranteed return vs no guaranteed return. Do you always pick em right?

Not promoting any agenda or particular instrument for earnings, just pointing out how lopsided the equation is. Its a double edge sword. High interest rates more earnings on savings but less economic activity and possibly deepening recession. Low interest rates and squat for earnings on savings but higher economic activity. The pathetic bank rate of one quarter of 1% is what drove me to find alternatives. Interesting fact :Nasdaq has returned 15% to17% over the lase 38 yrs since it started. S&P 10.3% over the last 100 years counting all the crashes so theres some upside there. Iv actually done much better than either of those in a falling market so i may be on to something.

nut · Post by **nut** » Thu. Mar. 02, 2023 1:27 pm

You should write a book. I wish I had a clue. I stick to mutual funds.

k-2 · Post by **k-2** » Thu. Mar. 02, 2023 1:52 pm

nut wrote: ↑
Thu. Mar. 02, 2023 1:27 pm
You should write a book. I wish I had a clue. I stick to mutual funds.

No magic sauce involved. Im 66 so im on the accelerated investment plan.
. Dont have the advantage of many years left to watch it grow. My BIL has done very well with Mutual funds but he has been shoveling cash at them for decades now. Id guess he has a few mil piled up by the size of his dividend checks.

davidmcbeth3 · Post by **davidmcbeth3** » Tue. Mar. 07, 2023 4:00 pm

Well ended up opening a couple of CD

%=apy
Ally bank 18 mo @ 5%
Goldman-Sachs (aka Marcus) 18 mo @ 4.75%
First Republic Bank 11 mo @ 4.75%

Will be doing it again soon

k-2 · Post by **k-2** » Tue. Mar. 07, 2023 5:55 pm

The downside is all those with any kind of new loans are feeling the squeeze. Car market is already in a downward spiral as is housing while Govt tanks economy with interest rates. As usual the FED will overshoot and put every one out of work then try to fix that by quickly lowering rates.

grumpy · Post by **grumpy** » Tue. Mar. 07, 2023 8:20 pm

davidmcbeth3 wrote: ↑
Tue. Mar. 07, 2023 4:00 pm
Well ended up opening a couple of CD

%=apy
Ally bank 18 mo @ 5%
Goldman-Sachs (aka Marcus) 18 mo @ 4.75%
First Republic Bank 11 mo @ 4.75%

Will be doing it again soon

Why rates are still going up ?

Bread has 12 month @ 5

grumpy · Post by **grumpy** » Tue. Mar. 07, 2023 8:23 pm

k-2 wrote: ↑
Tue. Mar. 07, 2023 5:55 pm
The downside is all those with any kind of new loans are feeling the squeeze. Car market is already in a downward spiral as is housing while Govt tanks economy with interest rates. As usual the FED will overshoot and put every one out of work then try to fix that by quickly lowering rates.

So now that interest rates are kinda average all the above is going to happen?

davidmcbeth3 · Post by **davidmcbeth3** » Tue. Mar. 07, 2023 9:17 pm

grumpy wrote: ↑
Tue. Mar. 07, 2023 8:20 pm
Why rates are still going up ?

Bread has 12 month @ 5

As a “pure” internet bank, Bread Financial has no brick-and-mortar branches. Opening an account can only be done online.

https://www.depositaccounts.com/banks/bread-finan ... al/offers/

I think someone posted Capitol One has 5% one too and is also a semi-internet bank/

I don't use internet banks..to each their own...another good one for some

k-2 · Post by **k-2** » Wed. Mar. 08, 2023 12:14 am

grumpy wrote: ↑
Tue. Mar. 07, 2023 8:23 pm
So now that interest rates are kinda average all the above is going to happen?

Interest rates are average but the price of cars and homes are not. It wont affect prices in my small town though. Prices never did run up around here so no reason to go back down. Its easy to put more cash in a house than you could ever sell it for. Always has been.