I feel like such a dipshit I hadn’t heard of the I bonds until today. With the student loan freeze, and a wedding coming up, we have a significant pile of cash earmarked which we didn’t want to invest out of concern for the market tanking. Obviously that concern has been validated but a rate of 7% followed by 9% would have been sooo nice. Savings account rates for this past year, not so nice.
To be fair, 9.6% matched with whatever comes out in October will still be better than any savings account.
It's only a 1 year lock up. And I'm only putting my emergency fund money in that would otherwise be sitting in a HYSA or CD.
100%. What I put into an Ibond would have otherwise been in a HYSA and will still be a better return even with the 3 month interest penalty.
I think she’s not realizing that she’s suggesting an inflation linked financial instrument will keep pace with/marginally beat inflation - which is the entire point.
Why would she not realize that? Isn’t that the entire point of her tweet? Also buying the I bond assumes that inflation is being measured accurately.
Look at some point you have to look around and ask yourself where am I going to get a risk free 7-9% yield for a year? The answer is no where. Given the current state of affairs people are just trying to keep their head afloat. I Bonds are a perfectly solid substitute for an emergency fund or savings account given current yields.
Your monthly reminder to not fight the Fed. Powell wants financial assets to pull back, he wants the reverse wealth affect, he wants to trim net worth to reign in demand and cool inflation.
Historically, doesn’t the market flounder a bit in the summer before midterms only to rally in the fall heading into elections?
Any of you in a situation where your parents have some money but have shown no clue what to do with it? Like mine don’t have a ton but a little and they are prone to doing dumb shit and I feel like I should try to intervene and talk them as they move into their 70’s but I also have no clue what they should do lol (aside from not doing obvious dumb shit like putting a ton of money into one stock or investing in a friends restaurant business idea) so maybe I should just back off Ugh.
Kind of. My parents paid off their house like 5 years ago and I just found out last month that all the money they've been saving from not having a mortgage payment has just been sitting in their checking account. But maybe that's a good thing at this point.
Herp derp. Price 2 years ago was like $9k. It’s like that guy has never seen a btc bull/bear cycle before.
I’ve now given back all $200k I made from April 2020-Nov 2021. Most frustrating thing was this year I wanted to slowly move a lot of my VGT into SCHD. Welp had I just done it all at once I’d have saved about $50,000 so far.
I’ve looked like once in the past two weeks. Not even interested in knowing at this rate. Maybe I’ll look again in 2023.
Did your original investment stragey target a 2 year timeline or was the strategy for long term? If the former revise your strategy, if the latter stop looking at your account so often.
I keep buying at every major dip. Just bought some more VTI, VOO, VEA, BTC, and ETH. Just keep telling myself that I don't plan on touching this money for another 25 years or so. It'll come back.
My plan was growth then shift towards yield. I ended up too heavy in growth just riding the wave and never figured out an off ramp so now I just come here to bitch.
I think there’s a decent chance inflation comes in lower than expected this week and markets rally. I would be a buyer of puts into that rally.
As someone who doesn't plan on moving anytime soon, maybe ever, it wouldn't hurt my feelings for it to slow its roll a bit. If my property taxes are going to increase 15% year-over-year (like the bill I just opened), I'd prefer it not be at the same time my other investments are doing the exact opposite.
Question???....... I'm looking at joining the public sector. I currently have a 401K, traditional IRA and a Roth IRA. Will I have to liquidate those before opening the public equivalents or can I let them ride?
This is me plus a couple others. I sold off a lot two weeks ago and sat. Just started buying more yesterday. Can't wait to chase it to the bottom!
Tax question/hypotethical. You buy equity XYZ for $50,000 on a certain day, then buy another $50,000 at a later time. You go to sell the entire position. The first block is up $20,000 and the second block is down $20,000. Is this a wash or are you paying capital gains on the first $20,000 and only getting to tax loss harvest $3,000 of the losses this year?