Yeah, though wasn't much until the last couple years. Been putting 15% of my pay
*Investors Blog*
- Thread starter Warstud
- Start date
I believe the sun came up this morning but its behind a tropical storm so I am not 100% sure.
Seems however many people here confuse macro economic data with investment data. There related but not all that well correlated actually. I was technically quite short on Monday. I am pretty much even today. I'll probably be all long, maybe even today, depending on what happens in Japan. Thats the part I manage myself. I'll add that before last Friday, I had not made a trade in 4 months. I am not a day trader. I adjust at inflections.
My 401K I don't think I have even looked at since Christmas. Its 100% in a Vanguard broad market fund which is its only decent option. I can't touch it for 17 years so I don't much care.
I wish people would not confuse those three things.
Classic short term vs long term thinking.
I was being facetious...I have no idea what's ahead but I don't have to care until roughly 2045.
Very first line of my reply was as well.
Meant to reply to Jeff...lol. I have the vid right now and it's all in my face and my brain is not working. My apologies...
Apology for what? None needed, or expected?
I agreed with your statement the world did not end, nor did the markets.
I was rambling on about investing vs economics vs saving for retirement. Probably should have started a new post. Sorry.
Just sorry I was being confusing with who I was replying to here. I totally agree with your post.
A short term panic situation which was probably a "buy, buy, buy" opportunity for the brave. Of course it could have also become a disaster. That's what makes it so much "fun" to be a daily trader.
No charts needed 
Not a fan of cash as a “long term” hold. It depreciates year after year.
Not a fan of cash as a “long term” hold. It depreciates year after year.
Those are nice coins.No charts needed
Not a fan of cash as a “long term” hold. It depreciates year after year.
View attachment 234211
Cash pays 5.3% today. I agree it hasn't for most of the last 20 years.
No charts needed
Not a fan of cash as a “long term” hold. It depreciates year after year.
View attachment 234211
...and depending on who you talk to that 5.3% means:
1. You are losing value at the rate of 50% per year.
2. You are breaking even with inflation
3. You are eking out a small gain.
Fun times...
I have a conference coming up in New Orleans next month called, "Bourbon and Baby Teeth". It is centered around bourbon, we do attempt to learn something one day, and it is always a lot of fun.
JHZR2
Staff member
Where are you getting 5.3%? I’m not tracking interest or cash much but I have noticed that my savings accounts and the Apple savings associated with my Apple Card have all backed off a bit from their peak interest.
T-bills. When someone in the industry says "cash", they undoubtedly mean t-bills, because t-bills are treated the same as cash in banking reserves.
And yes, I own some 4-week t-bills and just let them auto roll each month.
Or this option 5% APY in savings account. No strings attached except this account must be $5000 deposit or more.
Their other account allows any amount of money over $100 at 4.65%
https://www.cit.com/cit-bank/bank/savings/platinum-savings-account
JHZR2
Staff member
Yeah I get that, I don’t look at t-bills. Wasn’t sure if some commercial account that offers a high rate.
You guys are risk adverse (as am I) but no mention of Riley anything???
