Best Banks In America For Savings, CD's & Mortgage Rates 2018 This has been a paid advertisement, brought to you by ...
1.85%, is that really the best one can do on a Savings/MM account? Missing from the list is
Salem Five Direct, which yields 2.05%. The site also omits a couple of well known banks, Ally and Syncrony, that offer the same 1.75% as the second best yielding bank of those that are listed.
Nor does it show the superior savings account rate of 1.90% of a bank that even advertises on the site:
PurePoint Financial. Maybe PurePoint only paid to be listed with CD rates. Or maybe the banks shown on the savings account page paid to keep the higher rate off.
(It's not PurePoint's $10K min that's the problem, because the savings account page lists Capital One, that also has a $10K min. Nor it is that PurePoint is not included in BankRate.com's site, which is the source of the data.)
It doesn't even get the comparisons with TBTF banks correct. It shows them all yielding 0.01%. BankRate reports Citibank at 0.04% and BofA 0.03%.
Large corrections ahead on !? Stock Markets a Bomb Waiting to Go Off – Gregory Mannarino Thank you John. However, you failed to cite the
best part:
Mannarino expects war to come into play. Mannarino predicts, “This is going to lead to another world war. . . . I have said this many times, and that is this has the potential to be Biblical. It will be a worldwide event or a correction to fair value is really what it is. We might be seeing the opening salvos already. Governments around the world are building up their militaries just like the U.S. . . . We are unfortunately going to clear this out and lose a large percent of the world population through this financial correction and war. We will rebuild, but the world will not be what we are seeing now.”@JohnN - . What is your opinion on this? Have you sold off your stock holdings in anticipation of a market crash or world war?
@Mark - Radiation gear
How To Invest Your Nest Egg? Here’s Advice From Two Rich Guys.
Vanguard Isn't Taking In As Much Money; Neither Is Anyone Else: Podcast A quick search turned up this Financial Adviser Mag article from 2014. It cites a Vanguard figure saying that 20% of RMDs were reinvested there.
Of course that's only Vanguard investors, and may only count the RMD money that they reinvested at Vanguard, as opposed to moving it to an outside taxable account. Still, good for a ballpark sense.
https://www.fa-mag.com/news/what-if-your-client-doesn-t-need-the-rmd-19538.html
TCAPX (TRP) Capital Appreciation is Closed. Income is open. Capital Appreciation And Income is necessary why?
This is why I hate(d) Royce. They allege(d) to be on the side of the shareholder and closed funds only to open near clones, some of them of course where ground to the dust in the wake of the financial crisis.
I really think TRP has enough funds. I can understand if they want to start TRP Energy Fund or TRP Materials Fund since they also have some other sector funds. But THIS?!
10 Mutual Funds Worthy Of July Fourth Fireworks 2 funds in above list weren't around at the time of the financial crisis. As per MFO, these are there DD numbers
ETIHX -37.7%
DMCRX -28.9%
DD's for the rest...
AOFIX -49.9%
LAGWX -54.5%
WAMCX -62.6%
MPEGX - 63.2%
PHSKX -77.8%
PTSGX -49.5%
PXSGX -46.5%
BIOPX -48.8%
Recently, Dr Snowball in his running commentary hinted about the amount of information overload we get on daily basis. I'm adding to that overload. Hopefully, I'm actually improving it.
The point of the article beats me. If I want fireworks knowing I can lose 77.8% of my principal, might as well buy Bitcoin at these levels.
SPAM is SPAM. Doesn't matter if it's on MFO. I do not need to have EVERY single link on the internet posted on MFO. Every google search from my finger tips is going to end up on MFO.
NOT!!!
Why Aren’t Most Americans Rich? These Theories May Help Explain It Isn't being rich a moving relative target? So if most Americans had $2.4 million in personal net worth, wouldn't that amount cease to be the one necessary to be rich? Then being rich would be $62 million. The article also of course--like most financial propaganda pieces--doesn't mention that wages for the poor and shrinking middle class have stagnated when adjusted for inflation for over 35 years, especially for the poor who have seen wages decline when adjusted for inflation. Invariably these pieces blame people for spending too much on avocado toast, lattes and cell phones when the situation is far more complex and also inequitable than that.
Wise Quotes Another Samuelson quote:
What then is it that, since 2007, has caused Wall Street capitalism's own suicide?At the bottom of this worst financial mess in a century is this: Milton Friedman-Friedrich Hayek libertarian laissez-faire capitalism, permitted to run wild without regulation. This is the root source of today's travails. Both of these men are dead, but their poisoned legacies live on.
Bond Managers Eyeing Rising Volatility, Recession Potential I am gonna trademark 'recession on horizon'
Possibly, similar to putting-off a hangover by drinking more? :)
OK - I’ve now complied with your request for more
sophisticated posts and have read the article. It’s very technical in its approach to analyzing current attitudes of credit managers and other financial gurus. Suspect this is the kind of research based analysis of current financial opinions money professionals, including fund managers, get paid to digest.
Relevance to ordinary investors? Negligible. However, the excellent comments from several board members makes this thread of value.
The GAMCO Mathers Fund to liquidate Fascinating fund. About the best investment you could possibly have made over its first 17-18 years of life (1965 onward) as it profited from one financial disaster after the next. After that, not so sweet as the stock of disasters dried up a bit. The fund has now posted a net loss over the past 3, 5, 10, 20 and 30 year periods.
Bond Managers Eyeing Rising Volatility, Recession Potential
Another financial writer who doesn’t take into consideration total return when computiing performance for ETFs. Far from being down (1.9%). YTD, HYG is actually positive YTD on a total return basis, albeit barely. . A fairly large discrepancy for those of us who are into attention to detail. The other large junk bond ETF is down YTD to the tune of 0.61%. The YTD total return for LQD of a negative 5.8% is also inaccurate. The gist of the article was correct however in that junk is outperforming investment grade.
Almost Half Of U.S. Couples Say Financial Health 'Very Good,' Fidelity Finds @DavidMoranOK, you're right- I (we?) didn't read down to that part. Note that it states that each couple "have a minimum household income of $75,000 or at least $100,000 in investable assets". Well hell, that's your average American "couple" for sure.
Here's some of what Fidelity
actually said:
"Fidelity® Couples Study Uncovers Disconnects on Retirement Expectations""43 percent, up from 27 percent in 2013) couldn't correctly identify how much their partner makes—and of that, 10 percent were off by $25,000 or more. Which begs the question: if so many couples can't get this most basic item in their financial lives correct, what other disconnects exist that are unknowingly causing cracks in their financial foundation"
"When asked how much they will need to save to maintain their current lifestyle in retirement, nearly half (48 percent) have "no idea"—and 47 percent are in disagreement about the amount needed. This level of disagreement is highest among those who are closest to retirement—Baby Boomers (born 1946-64)."
"74 percent say they worry about being able to afford unexpected health care costs in retirement, up from 70 percent in 2013. More than half (51 percent) worry about outliving their savings in retirement, a number that is significantly higher than what was reported in 2013."
"Despite these concerns, only 21 percent have developed a retirement plan to ensure they do not outlive their savings"
Almost Half Of U.S. Couples Say Financial Health 'Very Good,' Fidelity Finds It's going to be interesting when their "feeling" that "their financial health is in good to excellent shape" meets reality.
Yep - Those working class stiffs are making out just fine. Retire on Social Security alone (if it’s still there) and then live another 30 years. What could possibly go wrong?
Almost Half Of U.S. Couples Say Financial Health 'Very Good,' Fidelity Finds It's going to be interesting when their "feeling" that "their financial health is in good to excellent shape" meets reality.
You just know that this was a well-designed survey, right? Thanks Ted, for more worthless garbage.
Almost Half Of U.S. Couples Say Financial Health 'Very Good,' Fidelity Finds
Having Too Much Employer Stock In Your 401(k) Is Dangerous. Just Look At GE FYI: Average on Tuesday, many participants in its 401(k) retirement plan were likely in shock. Over one-third of the plan’s assets have been invested in the shares of General Electric, as shown by the company’s federal filings. Its share price has fallen by 60% since the end of 2016, as the S&P 500 has risen by over 25%.
Similarly, participants in the 401(k) retirement plan at Scana—a natural gas company in Georgia—have suffered heavy losses from inadequate diversification. Over 60% of the plan’s assets were invested in Scana stock, as shown by the company’s federal filings. Its share price fell by nearly 50% since the end of 2016.
As these examples illustrate, holding a large portion of your retirement assets in your employer’s stock is dangerous for your financial health. Such a large concentration undermines the risk-reducing benefits of a diversified securities portfolio. Indeed, a large holding in employer stock doubles your risk: If your company runs into major problems, you may lose your job and your retirement security.
Regards,
Ted
http://fortune.com/2018/06/20/general-electric-dow-jones-401k-retirement/
Here are your best choices in holding cash I've found an AT&T (T) make whole note, coupon 6.5%, maturing 3/15/29, with an asking YTW of 4.991%. (Other maturity bonds are also available; longer ones with higher yields and shorter ones with lower yields.) CUSIP 001957AW9.
On the page you cited is a link to a Bloomberg article from ten days ago:
AT&T Cut by Moody's as Time Warner Deal Adds Billions of Debt The purchase made the company the most indebted in the U.S., excluding financial companies. AT&T’s debt load will force it to refinance large amounts of debt every year, "making the company beholden to the health of the capital markets," Moody’s said as it lowered the company’s unsecured debt rating one level to Baa2, two levels above speculative grade.
IMHO it's reasonable to hold a ten year corporate bond like this as part of one's diversified bond portfolio. Good cash flow (especially since it's a premium bond). So it does what a bond is supposed to do. Whether it's a good vehicle in which to hold cash is less clear. I suppose that depends on what one's requirements are for cash.
Portfolio Robustness Test Hi Guys,
I have said this before and I will surely say it again and likely again over time. Monte Carlo simulations are a terrific tool to challenge the survival robustness of a portfolio. What portfolio? Any you own or are likely to own.
There are now many free Monte Carlo simulators available on the Net. I especially like the one offered by Portfolio Visualizer. It provides many options, is comprehensive, is easy to use, and is fast. I have referenced it on earlier posts. Here is a Link to that useful financial tool:
https://www.portfoliovisualizer.com/monte-carlo-simulation#analysisResultsIf you want to explore the probability odds of a portfolio's survival, please give this tool an examination. I think you will be impressed with it. Give it a few test runs. You can use it to improve the survival odds of your portfolio. Enjoy and prosper.
Best Regards
