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sma3 said:Factor in when you will need money and state taxIf you plan to buy equities if they come on sale, treasuries probably better idea.
Factor in when you will need money and state taxIf you plan to buy equities if they come on sale, treasuries probably better idea.
larryB said:@DavidF. If you looked at the grades on the recent failed banks what would it have revealed?
@DavidF. If you looked at the grades on the recent failed banks what would it have revealed?
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But that assumes you are buying Treasuries directly I imagine.
If you plan to buy equities if they come on sale, treasuries probably better idea.
So if I buy a 6 month treasury, is it pretty easy to sell it prior to maturity? I understand it’s possible that I could lose some principal if rates go back up….
However I have bought many and as long as you are willing to accept the price offered ( I am not savy enough to try to "play " the treasury market ) it is just one click on the "order button"
Remember though that unlike stocks and etfs etc, they settle that day so you have to have cash or a sweep account to cover the cost
I learned the hard way and Schwab charged me for a margin loan when I bought a treasury the same day as selling some stock. When I complained ignorance, they forgave the $3.2
Both will show FLUCTUATING values in the statements. Both will pay PAR/FACE VALUE at maturity.
Buying at auction (pay attention to the schedule) is easiest way to get started.
Please see the other posting for the reason:
1yr CD: 5.35%
5yr CD: 5.00%
1yr T-bill: 4.45%
5yr T-note: 3.78%"
1yr CD: 5.4%
1yr T-bill: 4.744%
Note: Schwab Bank is among the offerings @5.4%, so this group may be under some pressure.
Additional Note: @ Wednesday, 1:59 pm PST:
Schwab & a couple of other 5.4% offerings no longer available- already subscribed? That was fast.
Yet more: @ Wednesday, 2:09 pm PST: New listing- but not a new offering...
HomeStreet Bank WA 4.75% CD 12/01/2023 Offered at discount: price: 99.455 / YTM: 5.543%.
Seems like a solid vote of "no confidence" in HomeStreet Bank WA
Yet more: @ Wednesday, 2:25 pm PST: HomeStreet Bank listing gone- somebody liked it.
I bought some Friday, but just couldn't pull the trigger on that Schwab CD. Schwab is selling $8 Billion worth I have read. While they are unlikely to follow SVB, they might.
I stuck with MS, GS and JBM for a few bp less yield.
I also bought some 3 and 6 mo Treasuries at the lower yields, figuring that if the SHTF yields will drop dramatically and I may need to sell to fund stock buys
"May you live in interesting times"