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

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waytomany?s
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Post by waytomany?s » Tue. Mar. 21, 2023 1:08 pm

mozz wrote:
Tue. Mar. 21, 2023 10:37 am
CD and certain savings accounts "are" a bargain, 3,4,5 %, compared to basic savings accounts which most banks offer at . 1%. Would you rather have a few hundred extra every month? Doesn't matter you are losing the race with inflation, I'd still take the extra money.
I guess if you look at it that way, then you "only" lost 2%etc on that money. Better than in the coffee can under the geranium.


 
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Post by k-2 » Wed. Mar. 22, 2023 3:37 pm

mozz wrote:
Tue. Mar. 21, 2023 10:37 am
CD and certain savings accounts "are" a bargain, 3,4,5 %, compared to basic savings.
I am comparing the CD to inflation. But yes bankrates are next to nothing. Even worse when compared to inflation,. Either way 5% is still a loser compared to inflation,this past year anyway.

 
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Post by nut » Wed. Mar. 22, 2023 4:27 pm

If you limit your spending you limit your exposure to inflation and also help cool inflation. An example is not buying ammo when it's at it's highest. That only reduces availability and raises prices. Basic economics I think they stopped teaching in school.

 
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Post by waytomany?s » Wed. Mar. 22, 2023 4:38 pm

nut wrote:
Wed. Mar. 22, 2023 4:27 pm
If you limit your spending you limit your exposure to inflation and also help cool inflation. An example is not buying ammo when it's at it's highest. That only reduces availability and raises prices. Basic economics I think they stopped teaching in school.
But, but, but I only have 5 thousand rounds. That's not enough for the coming civil war. On second thought, maybe I should just send it to the Ukraine.

 
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Post by k-2 » Wed. Mar. 22, 2023 4:41 pm

nut wrote:
Wed. Mar. 22, 2023 4:27 pm
If you limit your spending you limit your exposure to inflation and also help cool inflation. An example is not buying ammo when it's at it's highest. That only reduces availability and raises prices. Basic economics I think they stopped teaching in school.
Im not buying any ammo but if your buying a house a lot depends if you have one to sell. If not, your going to have a hard time. In some areas even professionals can not afford to be first time home buyers. But this is also affected by flooding the country with millions of new people every year and not just by the falling value of the dollar,so supply and demand in that case. Some types of heating fuel can be stocked up at lower prices. Others cannot.

 
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Post by davidmcbeth3 » Wed. Mar. 22, 2023 6:28 pm

waytomany?s wrote:
Wed. Mar. 22, 2023 4:38 pm
But, but, but I only have 5 thousand rounds. That's not enough for the coming civil war. On second thought, maybe I should just send it to the Ukraine.
John Wick only had 7.

 
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Post by ColdHouse » Wed. Mar. 22, 2023 6:32 pm

What incentive would a bank have to pay you anything for your money? They already have all the money.


 
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Post by waytomany?s » Wed. Mar. 22, 2023 8:25 pm

davidmcbeth3 wrote:
Wed. Mar. 22, 2023 6:28 pm
John Wick only had 7.
No, 4 is the one that just came out.

 
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Post by davidmcbeth3 » Wed. Mar. 22, 2023 8:35 pm

waytomany?s wrote:
Wed. Mar. 22, 2023 8:25 pm
No, 4 is the one that just came out.
I have yet to see it...I expect that Wick decides to open a doggie day care. Then a hoolum burns it down, killing 35 dogs. Mayhem ensues.

 
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Post by waytomany?s » Wed. Mar. 22, 2023 8:45 pm

davidmcbeth3 wrote:
Wed. Mar. 22, 2023 8:35 pm
I have yet to see it...I expect that Wick decides to open a doggie day care. Then a hoolum burns it down, killing 35 dogs. Mayhem ensues.
Ooooo, he's going to need a lot of ammo for sure.

 
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Post by davidmcbeth3 » Wed. Mar. 22, 2023 9:12 pm

waytomany?s wrote:
Wed. Mar. 22, 2023 8:45 pm
Ooooo, he's going to need a lot of ammo for sure.
Or a lot of pencils

 
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Post by carlherrnstein » Wed. Mar. 29, 2023 9:24 am

davidmcbeth3 wrote:
Wed. Mar. 22, 2023 6:28 pm
John Wick only had 7.
John Wick is a character in a movie. Also cars bridges and buildings are made of gasoline in movies. They simply have to be because they all make a huge fireball.

 
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Post by waytomany?s » Wed. Mar. 29, 2023 3:26 pm

carlherrnstein wrote:
Wed. Mar. 29, 2023 9:24 am
John Wick is a character in a movie. Also cars bridges and buildings are made of gasoline in movies. They simply have to be because they all make a huge fireball.
:clap: Yay fire!

 
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Post by davidmcbeth3 » Sat. Apr. 29, 2023 3:28 pm

https://finance.yahoo.com/news/fdic-asks-jpmorgan ... 41816.html

I hope Federal Republic Bank still gives me primo service .... seems as if they are still in "trouble"

And I got a CD maturing in a few days...do it all again !

 
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Post by k-2 » Sat. Apr. 29, 2023 4:38 pm

There was a time when things were somewhat normal and people funded their retirement on investment earnings of 5 to 15% annually. That all went away with ZERO interest rates. Peolpe were then forced into the stock market to create the over priced bubble were now enjoying. The Govt can never again allow 10% plus interest rates. The interest on the 32 trillion debt would bury us all.


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