HeloDude Posted November 2, 2022 Share Posted November 2, 2022 3 hours ago, ClearedHot said: Raised rates AGAIN today...and we are running out of Diesel. Another 500 off the DOW and 350 off the NASDAQ I am cashing out for gold, grabbing my hit back and heading for my bug out site...I wonder if they have Ice Cream Cones at the compound. Powell also said that inflation is the same today as is was last year at this time, and to also expect more rate increases in the future. Link to comment Share on other sites More sharing options...
SurelySerious Posted November 3, 2022 Share Posted November 3, 2022 Powell also said that inflation is the same today as is was last year at this time, and to also expect more rate increases in the future.I enjoyed that he essentially told people to stop obsessing over the rate of increase in rates, and just to focus on the final rate without at all hinting what that final rate could be. Link to comment Share on other sites More sharing options...
HeloDude Posted November 3, 2022 Share Posted November 3, 2022 2 minutes ago, SurelySerious said: I enjoyed that he essentially told people to stop obsessing over the rate of increase in rates, and just to focus on the final rate without at all hinting what that final rate could be. Oh it was great hearing the Q&A and him going off script.  He basically said they’re nowhere close to stopping the rate hikes. Link to comment Share on other sites More sharing options...
Lord Ratner Posted November 3, 2022 Share Posted November 3, 2022 11 hours ago, SurelySerious said: I enjoyed that he essentially told people to stop obsessing over the rate of increase in rates, and just to focus on the final rate without at all hinting what that final rate could be. He did say it would be higher than the previous dot plot.  Ironically, it's not going to be the Fed that takes us into phase two of the bear market. The tidal wave of earnings revisions is starting to hit. That'll be ugly. Link to comment Share on other sites More sharing options...
MilitaryToFinance Posted November 3, 2022 Share Posted November 3, 2022 16 hours ago, SurelySerious said: I enjoyed that he essentially told people to stop obsessing over the rate of increase in rates, and just to focus on the final rate without at all hinting what that final rate could be. You almost never get inflation under control while real rates are negative. So even if you use 5% PCE inflation, they need to keep raising rates until 5.5%+. Link to comment Share on other sites More sharing options...
malaika Posted February 24, 2023 Share Posted February 24, 2023 (edited) Personally, I'm not too keen on the idea of investing in bullets and assault rifles or lottery tickets, as they're not really traditional investment options and have their own potential risks and ethical considerations. In terms of investing in the stock market, I prefer to use candlestick reversal patterns. It's a technique used in technical analysis that can help identify potential trends and reversals in stock prices. There are also other investment strategies and tools out there that you may want to explore. Overall, I think it's great that you're thinking outside of the box when it comes to investing. Edited February 27, 2023 by malaika Link to comment Share on other sites More sharing options...
ClearedHot Posted February 24, 2023 Share Posted February 24, 2023 My money guy called yesterday - "for the first time in 20 years I am recommending my clients put a portion of their wealth in CDs, if you have any cash I have some CDs that are paying 5%." 🤔 Link to comment Share on other sites More sharing options...
Swizzle Posted February 24, 2023 Author Share Posted February 24, 2023 2 hours ago, ClearedHot said: My money guy called yesterday - "for the first time in 20 years I am recommending my clients put a portion of their wealth in CDs, if you have any cash I have some CDs that are paying 5%." 🤔 On the flip side, put options or shorts are very viable now...also buying low/dip-day on classic, long producing dividend stocks Link to comment Share on other sites More sharing options...
FourFans Posted February 24, 2023 Share Posted February 24, 2023 From TreasuryDirect Link to comment Share on other sites More sharing options...
Lord Ratner Posted February 24, 2023 Share Posted February 24, 2023 Be careful with long bonds. The entire market is pricing in the defeat of inflation by early 2024. If the narrative shifts to entrenched inflation (got a little taste of that fear today), all bets are off with bonds. Â Tbills, however, are a fantastic deal right now 1 Link to comment Share on other sites More sharing options...
waveshaper Posted February 24, 2023 Share Posted February 24, 2023 Vanguard Brokered CD rates this PM. Note - these CD rates change daily and should continue to go up if the Fed keeps hiking interest rates, etc. Note; Vanguard deals in both callable and non-callable CDs, you probably want to buy only non-callable CDs (it's a complicated process, etc.).  Brokered CDs Yield 1 - 3 months 4 - 6 months 7 - 9 months 10 - 12 months 13 - 18 months 2 years 3 years 4 years 5 years 7 years 10+ years Brokered CDs * 4.75% 4.90% 5.00% 5.15% 5.25% 5.10% 5.05% 5.10% 5.15% 4.25% 5.00% Link to comment Share on other sites More sharing options...
FourFans Posted February 24, 2023 Share Posted February 24, 2023 (edited) On 2/24/2023 at 3:29 PM, waveshaper said: Vanguard Brokered CD rates this PM. Note - these CD rates change daily and should continue to go up if the Fed keeps hiking interest rates, etc. Note; Vanguard deals in both callable and non-callable CDs, you probably want to buy only non-callable CDs (it's a complicated process, etc.).  Brokered CDs Yield 1 - 3 months 4 - 6 months 7 - 9 months 10 - 12 months 13 - 18 months 2 years 3 years 4 years 5 years 7 years 10+ years Brokered CDs * 4.75% 4.90% 5.00% 5.15% 5.25% 5.10% 5.05% 5.10% 5.15% 4.25% 5.00% Haven't seen these rates since the 80's Edit, I stand corrected Edited February 26, 2023 by FourFans130 Link to comment Share on other sites More sharing options...
nsplayr Posted February 25, 2023 Share Posted February 25, 2023 Hell my high-yield savings account that maintains full liquidity at any time is paying 3.75% right now and it's only going up as the Fed continues to raise rates. Crazy for someone my age who has never seen savings rates worth caring about in my adult life. 2 Link to comment Share on other sites More sharing options...
Lord Ratner Posted February 25, 2023 Share Posted February 25, 2023 5 hours ago, FourFans130 said: Haven't seen these rates since the 80's When I was at the academy in 03-07 you could get a CD at 7%. 1 Link to comment Share on other sites More sharing options...
TheNewGazmo Posted February 25, 2023 Share Posted February 25, 2023 Haven't seen these rates since the 80'sI had a money market savings in the 2006-2008 time frame that was paying 5%+. I threw $100k in there and was doing quite well with it. If only that had lasted. That's $160k+ after 10 years.Sent from my SM-F721U using Tapatalk 1 Link to comment Share on other sites More sharing options...
FourFans Posted February 26, 2023 Share Posted February 26, 2023 (edited) On 2/24/2023 at 7:26 PM, nsplayr said: Hell my high-yield savings account that maintains full liquidity at any time is paying 3.75% right now and it's only going up as the Fed continues to raise rates. Crazy for someone my age who has never seen savings rates worth caring about in my adult life. You mind sharing the bank where you've got that high-yield saving account? USAA has lost me. Edited February 26, 2023 by FourFans130 Link to comment Share on other sites More sharing options...
uhhello Posted February 26, 2023 Share Posted February 26, 2023 (edited) 23 minutes ago, FourFans130 said: You mind sharing the bank where you've got that high-yield saving account? USAA has lost me. I got 3.95 with standard lending club bank savings Edited February 26, 2023 by uhhello 1 Link to comment Share on other sites More sharing options...
Lord Ratner Posted February 26, 2023 Share Posted February 26, 2023 34 minutes ago, FourFans130 said: You mind sharing the bank where you've got that high-yield saving account? USAA has lost me. Wealthfront is simple and great. I use them for our emergency cash supply. Link to comment Share on other sites More sharing options...
TheNewGazmo Posted February 26, 2023 Share Posted February 26, 2023 I got 3.95 with standard lending club bank savings Thanks! Just opened a 4% APY high-yield savings with Lending Club. I have one with UFB Direct at 2.61% for my emergency savings, but I am taking my entire balance out of that and putting it in this one. Sent from my SM-F721U using Tapatalk Link to comment Share on other sites More sharing options...
nsplayr Posted February 26, 2023 Share Posted February 26, 2023 (edited) 14 hours ago, FourFans130 said: You mind sharing the bank where you've got that high-yield saving account? USAA has lost me. I use Marcus by Goldman Sachs. FYI that is a referral link…both you and I would get an extra 1% on all balances for 3 months. I referred someone recently so have my cash balances at 4.75% rn which is great. Also their daily transfer limit is $100K not some BS $5K like some other places. Easy/fast/free transfers, recurring, etc., all the stuff I have had complaints about with other companies. Before them I had a few others over the years chasing rates here and there but Marcus has been solid, they get my endorsement. Edited February 26, 2023 by nsplayr 2 Link to comment Share on other sites More sharing options...
FourFans Posted February 26, 2023 Share Posted February 26, 2023 Thanks for the references! @nsplayri'll let you know if we go down that road. 1 Link to comment Share on other sites More sharing options...
di1630 Posted February 27, 2023 Share Posted February 27, 2023 USAA has a 9 mo CD at 4.5%, American Express banking has a 3.5% High yield account. I know I could find higher but I still like to keep my stuff with people I know for the simplicity of moving it/checking. Sent from my iPhone using Baseops Network mobile app Link to comment Share on other sites More sharing options...
hindsight2020 Posted February 27, 2023 Share Posted February 27, 2023 I had 6% with HSBC as recently as 2005, didn't last long. I'll take whatever I can get, but I don't expect these high yield saving accounts to persist for a decade or two, like I'd need to in order to amass the kind of retirement-expediting increases I'd need. But yes, been eyeballing Amex savings since I already use them as a primary grocery getter. Chase is doing nothing for my war chest right now.  Link to comment Share on other sites More sharing options...
FDNYOldGuy Posted February 27, 2023 Share Posted February 27, 2023 Used Bread Financial (Comenity Bank) savings account for about 6 months and worked fine. Paying 4.25% right now. They do have the $5k daily ACH out limit, if you're slinging big amounts back and forth. Guessing you can use whatever institution you're transferring it to's ACH feature and pull more, but never pressed to test. I just wired the money when I needed over that limit and it was processed the same day and fairly painless. Cost $25 to wire it, but the higher interest rate for 6 months more than made up for that cost. Link to comment Share on other sites More sharing options...
ROCK 10 Posted February 28, 2023 Share Posted February 28, 2023 (edited) Thanks for the Vanguard CD info, I think I’ll wait another 3-4 mos.  Take a look at their Federal Money Market rates - just over 4.5% last week VFMXX.  Daily dividend, pays out every month.  Been with them for many years, no complaints! Edited February 28, 2023 by ROCK 10 . 1 1 Link to comment Share on other sites More sharing options...
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