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@Stillers. Thanks so much for sharing that info. It sounds like it might take more time and it’s really in the hands of the bank. I am rethinking brokered CD’s based on all this.
You're welcome and best wishes resolving your issue. See my most …
One non interest payment in 15 years. Looks to me to be a very good batting average.
Especially when you consider the number of CDs I've owned over that period (50+), the number of monthly and semi-annual interest payments that represents, and the r…
Another excerpted comment from the thread I previously referenced, this one straight to the point(s) by the venerable "dickoncapecod":
Well, you shouldn't be surprised that the financial relationship is between you and the bank that YOU deposited m…
Well, that's just the way it goes. If the other 99% had studied harder and worked harder they would be in that 1% too.
Just ask Charles Koch (estimated net worth of $66 billion) or the Sackler family ($10.8 billion as of 2020).
I'm hoping your comm…
Anyone else have this experience?
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Yes, I did one time, but at Fido not Schwab. It too was with a very large bank. It was in Jan 2023 and I discussed it in a thread on the Fido Investor Community board titled, "FDIC'd Broke…
If you include the 4% foreign bonds, then the bond allocation is 60% for the fund.
I previously stated,
"Per @Tarwheel's post, PRCFX is currently (51%+5% or) 56% in bonds."
How are you getting to 60%?
OK, so since I can't say I will never withdraw from a brokerage CD, I will transfer them from the 401k to a Bank IRA.
Nothing against your advisor, and this may well have been discussed, but if it was not... This point is a cornerstone of CD owners…
@Jan : Have you given any thoughts to T-bills or notes in your taxable account(s) ? Most states don't tax the interest.
Great question/comment that I missed! I never own them in txbl a/c's and usually forget to mention this.
@Jan:
Disclaimer: You likely gave your advisor the detail of your current investments and your projected income gap upon retirement, along with risk profile information. That is all needed for anyone here or elsewhere to provide quality advice. …
@rforno,
Agreed. We are LT holders of PRWCX as well. Very interested in PRCFX as a possible companion holding to PRWCX, but NOT if its stock/bond holdings and strategy are highly comparable to PRWCX. IF they are more the likes of a VWENX/VWIAX pair…
For anyone still interested in guaranteed interest rates for the FI portion of their port...
CP CD rates continue to tick DOWN, and with it the opportunity to build a 5-yr CP CD ladder yielding a rate near 5% continues to disappear.
Per @Tarwheel's post, PRCFX is currently (51%+5% or) 56% in bonds.
Per Fido and M*, as of the latest data on 09/30/23, PRWCX holds 32% bonds.
Not enough detail yet on the current PRCFX stock and bond holdings to do a more detailed comparison of them…
Jeopardy Answer:
About 28 more days
Jeopardy Question:
How much longer will MFO posters need to endure FD's posts here until his most recent ban from Big Bang Investors is lifted at the end of the calendar year and he takes his self-aggrandizing …
I recall fondly this excellent thread (from May 17) containing many diverse opinions. What stood out to me was the voracity with which the proponents of cash (rather than bonds) voiced their opinions. Not to imply they were wrong. Just that it’s b…
TMMV?
https://www.acronymattic.com/TMMV.html
...Others had at least two opportunities this year to do the same but it appears they no longer will. So TMMV, and likely will.
Others = Their Mileage May Vary
Checking the stock investor's landscape:
Small Caps Rockin' the Casbah again today!
Equal weighted S&P outperformed yesterday.
The arguably best T/A poster on investment forums recently stated we could see S&P 5,500 by Turkey Day 2024.
…
Anytime we talk about CD rates we should always be sure to reference if they are CP or Not CP. BIG difference in the rates and Available Quantities, as well as the strategies/consequences of holding either.
FWIW, I rarely if ever post about Not CP …
At a general, unsophisticated Rule, I ALWAYS plow $ into stocks near/at the end of three consecutive S&P DOWN months that cumulatively register a total drop near/in correction territory. That was the case a couple of days ago when I did my stan…
So, an interesting development on the CDs I've posted about here recently.
The previously referenced bank that had loaded 40K-60K of CP CDs in most of the respective maturities (2-yrs thru 5-yrs) accelerated the execution of the Settlement of my …
The OP article states:
The majority of Americans are better off financially now than they were before the pandemic. ... Not every American, but the majority. That’s true across demographic and income groups. It’s in the aggregate and individual-lev…
I should note that it was only ONE bank that loaded large, new inventories of New Issue CP CDs on Monday on Fido's platform, but it was a whopping 40K-60K of CP CDs in most of the respective maturities. No other (same or better rates) new offerings…
Some large slugs of CP New Issues were posted on Fido (and I assume all brokerage platforms) this AM as is the usual case on Mondays and Tuesdays. (Other days as well, but M&T are usually the larger load days.)
One of the caveats of placing N…
PRNHX is a MCG fund (and not a very good one!) and it is NOT Closed.
https://www.morningstar.com/funds/xnas/prnhx/portfolio
Click on "Weight" in "Style Box"
https://fundresearch.fidelity.com/mutual-funds/summary/779562107
All comments below are about CP, brokerage CDs, 2-5 year durations.
VG: Bought a New Issue CD last week that met my hurdle. No worthy Secondary Issue opportunities at the time of my BUY.
Fido: Bought a New Issue CD Monday that met my hurdle. Th…
No need to over-think this one. As long ago as April 2023 there were articles being written about the huge MM inflows. The last line of this article pretty much says it all:
"Money goes where money grows."
https://www.marketplace.org/2023/04/05…
@David_Snowball
You know, we read and hear comments similar to yours almost every day. But I had not yet read or heard words strung together anywhere near as well as you just did. Thank you!
If I may add..
My family was as close as you can com…
"Go-anywhere moderately-aggressive-allocation (70-90% equity) EKBAX"
is a worthy OEF in its category.
But...with an over 52% Tech allocation and a relatively paltry 14% YTD TR, we'll instead use FSELX (63% YTD), FBGRX (50%) and/or FSPTX (46%) fo…
Gotcha. But as I always say: be prepared for tomorrow's snap-back. And if Adam Parker was being interviewed at the end of the day, he could see what the Russell was doing, too. .... I hope and expect BRUFX jumped upward today. It's full of midcaps. …
Triavarte's Adam Parker was interviewed on CNBC Closing Bell Friday. The video is available via CNBC Pro (fee) which I do not subscribe to.
https://www.cnbc.com/video/2023/11/10/pro-watch-cnbcas-full-interview-with-trivariates-adam-parker-and-requ…
Triavarte's Adam Parker was interviewed on CNBC Closing Bell Friday. The video is available via CNBC Pro (fee) which I do not subscribe to.
https://www.cnbc.com/video/2023/11/10/pro-watch-cnbcas-full-interview-with-trivariates-adam-parker-and-requ…
Getting back to my prior posts here about playing in the Seconday Issues sandbox in case anyone is interested...
FWIW, I will rolling over some CDs starting in the next two weeks as some rungs mature. There are still a coupla New Issues left in th…
@FD1000, way to go digging those. @Baseball_Fan: Great term "confidently wrong"! I love it!
Mr. G isn't the only "expert" that has been wrong but still keep predicting. I collected over the years many of these for other experts.
Why would anyone p…
I’ve been expecting CD rates to drop at some point. However, what surprised me yesterday was that it was just the 2-year CDs that were suddenly hard to find. I had no trouble buying 1, 3, 4 and 5-year issues.
Good for you!
But, so as to NOT under…
At a general, unsophisticated Rule, I ALWAYS plow $ into stocks near/at the end of three consecutive S&P DOWN months that cumulatively register a total drop near/in correction territory. That was the case a couple of days ago when I did my stan…
Curious development with regard to new issue CDs available at Fidelity today. I’m setting up another 5-year CD ladder in our taxable account so we’ll have cash available to pay property taxes near the end of each year. Yesterday, there were a bunch …
Holding period would have some bearing on how good of a deal it was.
Sure. That CD was 3-yr term.
But think of it this way. We're talking guaranteed, FDIC'd, fixed income. An investor has made a decision to lock up $50K for 3 years. The only r…
@Hank - point taken; and ooh, yes, let’s add an F) All of the above. Of course if it’s a test, we’re grading on a curve, yes? ;-)
@Old_Joe - it always feels good when you’re understood. Appreciate you!
@rforno - I like buying on down days, but…
@sti…
