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@msf, that one might be better in a New thread, no? And even further off topic - I don't miss living on Long Island (down on the South shore) at all. Glad I left there decades ago.
Investors Are Walking a Tightrope
"Even though the Fed is saying they will not cut interest rates, the market is saying that in three to six months we will have recession, we will have moderating inflation and you will be singing a different tune,” …
The 3 month penalty (after holding for 1 year) and limited investment caps are a killer. Sure, it was "fun" getting 9.62% for 6 months, then "ok" getting 6.48% for another 6 months.... but then it's time to look at an exit strategy.
Having to ea…
Recall that DODBX has changed investment policy recently to include some shorting. Its idea was to tame its high volatility.
Thanks for that info, Yogi. DODBX now goes on my BUY list.
3Y return for Giroux is 9.09% vs. Hussy Total Return at 2.76%
If Hussman ever has his day, then the rest of us are in trouble. (Lets hope the clock never breaks.)
@Baseball_Fan Notice I didn't preface it with..."It's just my 2 cents...". Because it ain't even worth that. But yes, the market likes to go against overall sentiment (i.e. contra-indicator).
The stigma of a potential recession is hanging he…
All the Bearishness out there is making me Bullish.
There are no market clairvoyants. The pundits can't help us because nobody can predict short-term fluctuations. Nobody. And we all know this. Each year we read articles to guide us for the f…
Donnie's legacy will be that of a perp (or convict?). A complete Loser. He never won the popular vote. Ever. He did try to "buy" a few, I'm sure, especially in GA.
The only reason he announced another Prez run is to gain legal protection for h…
Well done, OJ. I'm sure that 2nd paragraph could have been a few pages longer.
Kind of telling that so many of Trump's cohorts fan afoul of the law. Class acts such as: Steve Bannon, Paul Manafort & Rick Gates, Roger Stone, George Papadopol…
"From a U.S. investor’s perspective, our Vanguard Capital Markets Model® projects higher 10-year annualized returns for non-U.S. developed markets (7.2%–9.2%) and emerging markets (7%–9%) than for U.S. markets (4.7%–6.7%)."
I guess we aren't up on all the recent right-wing propaganda stories. Fox has really lost its dazzle. And that's a good thing.
Wait, didn't Nancy call the shots for Ronny's 2nd term? He wasn't senile - he just liked to nap a bit during meetings.…
If Banks perceive that interest rates will drop at some point within the next few years, they will not offer up higher rate CDs with a long duration (over 30 mos). These last few expected rate hikes would not affect that outlook.
Hope I am wr…
At Fido, lucky to see 4.8% or 4.9% non-callable 3 year CDs. They go fast, if you can even catch them.
Forget about getting much above 4% (non-callable) for any CDs dated longer than that.
Banks have made the decision that rates will come do…
"Sales, not adjusted for inflation, rose 5.8% from a year ago...." OK, so NOT adjusted for inflation, total Sales revenues are up. Not too surprising.
Wait until some of these folks start receiving their inflated NG heating bills this winter.
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Reviewing this fund's recent performance, the NAV has been slowly eroding in 4Q 2022. Property appraisals must be trickling in and detailing lower valuations. If so, then 2023 may not be kind to this fund.
Schwab appears to offer this BlueRoc…
At Fido, no new non-callable CDs over 18 months so far. If any do pop up, I'm guessing they sell out within minutes.
The banks have scurried away like cockroaches after you've turned on the lights. And somebody flicked that giant light switch …
As an aside, can anyone explain to me why ANYONE would think it's a good idea to contribute hard-earned cash to a multi-billionaire's 'campaign'? He's got to be the greatest conman ever...
Yes, to get 40% of the population to fall for his act rep…
@Junkster Nah, nobody judging you here. Many of us appreciate your insights, regardless of where posted.
I agree with @carew388, this week's CD activity could have been FOMO. "Guilty" here of that charge, as I hurriedly bought on Thursday. …
@Sven, there was some heavy and fast CD buying this AM. It may just be a knee-jerk reaction to today's CPI.
I'm thinking Banks may cap their CD rates closer to 5% if the target Fed Funds Rate is seen maxing out at 4.50%. - 4.75%. Hope I am wrong…
@Sven, yes, looking for 3-10 year CDs, and they are all disappearing fast. Snagged some 4.95% non-callables today (3 and 4 year CD terms).
You have any other ideas/suggestions?
Today's activity is spooking me out.
At Fido, the new issue CDs available just went from 187 to 111. The issuers are pulling them from the platform. The CD % rates are dropping off at the longer end, after barely budging this past week after the latest hike.
A CPI report issued to…
Additionally, the Fed is planning to raise rate until mid 2023.
If the Fed raises at their next 4 meetings...say 50 bp (Dec 14), 50 bp (Feb 1), 25 bp (Mar 16), 25 bp (May 4).... and are finished at the beginning of May, that is 6 months from now.
…
New agency bond issues at Fido - Federal Home Loans Bank Bonds with maturities of 10 (6.41%) and 12 years (6.61%).
Federal Farm CR Bank Bond will have a coupon rate at 6.98% for a longer dated 15 year.
Would anybody consider these good inves…
Fido is offering a 5.50% 15 year (Callable) CD - Jonesboro State Bank.
The highest Non-callable CD Fido offers at the moment is 5.0% from Capital One. Its a 5 yr CD.
Note: These are New issue only, not secondary market CD offerings.
Powell - "...we think we have a ways to go. We have some ground to cover with interest rates before we get to that level of interest rates we think are sufficiently restrictive."
I recently purchased CDs from Morgan Stanley, JPM Chase, and AMEX from FIDO, but they all pay semi-annually.
I would love to buy monthly interest payout CDs, but I don't recognize most of the bank names (issuers) for those at Fido.
I also try to determine if the CD is callable CD or not callable, and I personally prefer "not callable" CDs. Finally, I prefer CDs that have monthly interest paying schedules, as I can redistribute interest for other purposes more quickly.
Y…
