It's up 1.55 % this week
*Investors Blog*
- Thread starter Warstud
- Start date
What you call a wacky situation I call a point in time. I would never say the market won't correct (hate that word). That's why I am a long term investor and there is a time in one's investment career to move towards conservative products. I have.
The market changes constantly. I don't know what tomorrow holds. My point is, the S&P is a good place to start investing and that over time has outperformed or equaled the overall market. And most investors.
This chart shows what I am saying. Snap a linear regression line against this data.
What strategy would you recommend? I certainly do not want to ill advise my younger family members who are asking me how to get into the game. They have an idea of my personal position and know my history. My advice is, it ain't gonna happen overnight and might not happen at all. But you will never realize prosperity if you don't get in the game.
Good conversation.
I wonder what the APR is ....after the 5 months ?
Making interest at 5.75% APR on principle $X over 5 months would basically equate to making the same amount of interest over 12 months at 2.395%, but slightly more due to the compounding if the interest isn't taken out until the CD matures.
My wife questioned our extra cash deposited in an online bank with 5%+ interest vs. our local university federal credit union (our daily banking needs). The answer from her bank advisor: huge new main office building, 24 branches and expanding, 1,300 employees, 650K annual charitable donations, 1,000+ annual seminars/events....................they've grown too big to compete.
My loyalty to local brick and mortar establishments is waning.
Banks, and especially the middle tier banks got fat dumb and happy paying there depositors zero for 15 years while they leveraged that money to enrich themselves. If you have any loyalty left you need to shake it. They did nothing but blead savers dry for 2 decades.
I have been using Discover for my savings bank.
They have had some of the better CD rates also, if you're into that.
They have had some of the better CD rates also, if you're into that.
I wanted to buy some FCOR and FBND and they are both up!
Well, honestly. It cost money for bank branches employees and buildings. I maintain an account at a national bank at no cost and less then $500 in it. I use it should I have cash to deposit or a very large check. Once that is done I transfer it to an online back. Typically over 1000 miles away with one building.
But, even they got so big that the rates are not as competitive anymore, so even though I still electronically pay bills from that account and have some small savings. I now use another online back that First Citizens happened to buy as their online banking service.
The interest rate is 5.05% on savings and since First Citizens bought it they FINALLY got the website functioning correctly out of the dark ages. It was scary before that *LOL* Not kidding!
Anyway, it works so well now I am slowly migrating my everyday banking from Alliaint Credit Union to my new favorite which is CIT Bank. (NOT CITI Bank)
The Savings rate is 5.05% with Platinum and slightly less with smaller deposits. I do wonder if now owned by First Citizens if these rates will always be the best in the industry, but I could care less, like anything, whoever puts the most money in my pocket wins. It's easy to open online accounts and close others. But so far I am impressed with Cit bank like I was with Alliant until they got greedy.
https://www.cit.com/cit-bank/bank/savings
Rally because jobs report better than expected. I thought good news was bad news again - no easing. ??
Maybe they actually read the jobs report - last paragraph - the downward revisions continue -
The change in total nonfarm payroll employment for October was revised down by 45,000,
from +150,000 to +105,000, and the change for November was revised down by 26,000, from
+199,000 to +173,000. With these revisions, employment in October and November combined
is 71,000 lower than previously reported.
I want to pile into VXX, but I presume the market can stay stupid longer than I can stay solvent.
https://www.bls.gov/news.release/empsit.nr0.htm
Maybe they actually read the jobs report - last paragraph - the downward revisions continue -
The change in total nonfarm payroll employment for October was revised down by 45,000,
from +150,000 to +105,000, and the change for November was revised down by 26,000, from
+199,000 to +173,000. With these revisions, employment in October and November combined
is 71,000 lower than previously reported.
I want to pile into VXX, but I presume the market can stay stupid longer than I can stay solvent.
https://www.bls.gov/news.release/empsit.nr0.htm
Ps, looking for a safe short term trade, I was hoping GM would come down a bit after its run up but not happening yet, got cash during a hole in my pocket... at this point check back again Monday
OK they dipped back and my buys went off
I took starter positions in FCOR, FBND and AGGH
Are you Market Timing ?
Lots of fuzzy math and most people don’t realize more and more folks are getting second jobs to pay the bills.
You're not being gutless, you're just being wise. I read an article today where (after a discussion of Warren Buffet's two basic principles (1) don't lose money and (2) don't forget principle number (1), another similarly successful investor said that he based the size of an investment on how secure it was. He only made big investments where he "couldn't lose".
I've never made anything on edgy investments. At best I come out even. Experience has taught me to be conservative in my investing style. And with time in the market we've done very well.
And that's why I have a lot invested in Canada's major banks. What's might be seen as a rip off to some is a profit center to those who own the bank.
My suggestion - get out from under debt and invest.
Pablo is like the frog in the video game Frogger….. constantly jumping around and timing his movements to avoid disaster.
https://en.wikipedia.org/wiki/Frogger
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Money Market is up 1% this week
1% x 4 weeks = 4% a month = 4% x 12 months = 48% a year return . **** I finally found the perfect investment .
