Did my first CD ladder on Schwab today, is this what being an old feels like? Now I have to debate when/if doing this with my money market funds. For now the return is hardly different, but locking in these 5% CD’s seems like a decent idea.
Markets crushed then Google, Microsoft, Chipotle and Visa beat soundly. How people claim to know anything is beyond me.
I assume it’s the same thing everyone else is dealing with. Under water on 10yr bonds and deposit outflows>inflows.
Ah yes bad Q1 GDP and core CPE actually goes up but Meta only lost $3.9B on their VR product so we all get to be up 2% today.
Anyone able to help me make a decision on my i bonds? I feel like I need to cash out my older set but am a bit confused on what rate I will have on them going forward and when that takes hold? Thanks in advance
https://www.treasurydirect.gov/files/savings-bonds/i-bond-rate-chart.pdf Changes every May and November, but staggered based on your purchase month. You’re one month delayed buying in December, so you’ll have the 6.48% rate through this month, then drop to 3.38% for the next 6 months (June-November). You lose last three months interest pulling out before 5 years, but the amount shown in your treasury account is the amount you will receive if you cash out (they already remove the three months).
Tried to open a JP Morgan self directed investing account today through the app and got an error. Called in and they won’t let me nor will tell me why. I’ve been a Chase credit card holder for 10+ years now and was gonna transfer a good chunk over. Was at a loss so perhaps the person I spoke to was just wrong.
CDs can be bought in 3mo terms too something something incoming US debt default. Ofc you gotta hope the FDIC insurance of whatever bank owns the CD is legit too. Fun times.
Brokerage CD's allow you to spread out your FDIC insurance across multiple banks each getting the 250k limit.
I just have two 529 plans open directly with Vanguard. I use YNAB and Empower (formerly Personal Capital) to keep an eye on finances, however I would just use a regular old excel spreadsheet and estimate out 50/30/20. That’s what I did to start out with.
Buying a shit ton of FCNCA at the beginning of the SVB crisis appears to have been a smart move, and I'm not smart enough to be doing stuff like that
I always tell myself to buy some after seeing a post about it here, then forget, then regret it whenever I see how it’s done recently. Maybe I should hop on now.
As a former advisor Id just like to say that all forms of options and leverage plays should be eliminated from the market. They do absolutely nothing for society other than make the rich richer and typically fuck normal people. The fact a senator with access to tons of inside information is trading them is beyond fucked.
Got a spot bonus at work. No need for it short term so planning to dump in an ETF and not touch it. We still all in on VOO/VTI?