Here's a statement of the obvious: The opinions expressed here are those of the participants, not those of the Mutual Fund Observer. We cannot vouch for the accuracy or appropriateness of any of it, though we do encourage civility and good humor.
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…
Who know what is leading this week’s short rally.
I think this is actually the correct answer, if translated a certain way, to the OP's question,. Its a market rally boosted by a short squeeze.
Prolly. Magic 8-ball says "Only time will tell".
Question: If earnings estimates continually get reduced, but companies clear a much lowered bar, is that really an earnings "beat"?
Well, that's where we are at.
P.S. Not a trusted opinion.
A 6% CD would certainly catch my interest, but I don't play in the secondary market.
These would be NEW ISSUE CDs at par value. Yes, Fidelity then marks these CDs to market once in your portfolio, but so what. You still get your 6%. If/when inte…
5 year CD with 6% yield reminds me of the 80’s. Think we will be in recession by then. Question is what the inflation will be like at that time frame?
The HOPE is that inflation would level off, and we get back down closer to the 3% range in the …
If you feel that the high point for interest rates is early next year, then it would make sense to lockup some longer term CDs over the next few quarters. If Fido is offering over 5% now, then is 6% far off?
I'd take a 5 year CD at 6%.
Given that the price of a barrel of oil (WTI) dropped 22.3% in the six months from March through Sept, and that overall energy prices dropped slightly (0.3%) in the same period of time,
So during that 6 month stretch, the average Retail price of a g…
Bloomberg headline today mentions that the I-Bond rate could essentially fall as low as 6.47% on November 1 (as Yogi mentions), down from 9.62%. Even if they tack on another 1% or so for the fixed rate portion (so, closer to 7.5%), Series I Saving…
@Sven et al
Available money market funds used by many at Fidelity, to park money, are:
SPAXX = 2.51% yield (no minimum)
FDRXX = 2.59% yield (no minimum)
FDZXX = 2.96% yield ($100,000 minimum)
For FZDXX (2.96% yield), the $100K min is for Taxable…
The Fed's next 2 meetings take us through Nov. 2 and then Dec. 14th. I'm assuming those are the only 2 hikes that would/could be greater than 25 bp in size.
And then we get a few smaller 25 bp hikes in early 2023.
With those assumptions, as th…
As regards I-bonds, the newly introduced bill that Devesh mentions (bold added by me) could be of interest to fans....
"The Savings Security Act would require the Treasury Secretary to raise the annual cap to $30,000 per person when the average si…
I for one would be sorely tempted by guaranteed 5% returns. I once new someone who told me that during the Volcker era she bought very long term fixed income securities of some kind (CDs? Treasurys?) that paid a double-digit rate of interest and e…
Buying my first small CD via Fido. AMEX 3 yr CD at 4.4%, non-callable.
Never owned a CD before. Would hope to really dive in at higher rates (over 5%) in these next few months.
Sometimes, extreme Bearish sentiment is a contra-indicator. And sometimes its really not. That's why I had stopped looking at these sentiment surveys.
Perhaps this indicator works better during Bull markets? I wonder if there are stats on th…
Stocks are still somewhat expensive based on historical PE ratio. Plus, the outlook for future earnings (due to recession) is now in question.
https://multpl.com/s-p-500-pe-ratio
Current S&P 500 PE Ratio: 19.03 -0.12 (-0.60%) 1:38 PM EDT,…
Gundlach may just be "talking his book", but I intend to start buying (high-quality) Bond funds closer to year-end - after the majority of rate increases are likely completed.
Anybody have even a guess on how much the Fed MBS purchase plan termination will impact mortgage rates in the near-term?
Could there be a mini-spike from here?
The current 30 year fixed rate seems to be around 6.2%.
From near 0% at the start of this year...all the way up to 4% only eight months later on the 1 year T-Bill.
Just too bad that its the highest yield on the curve.
Bloomberg shows the fund's Total assets at $8.5M as of 8-16-2022. How can you have Cashmere without the Cash?
We really cannot be familiar with ALL the Asset Mgrs out there, and I'm not sure about these guys. I suppose a VC fund is probably just l…
https://www.suneast.org/save/savings-accounts-and-certificates/
4% 16 months. $10k minimum.
That 4% is a teaser rate that only lasts for the first 4 months of the term. Thereafter, the rate drops to the higher of either 2% or their normal 12 mont…
Some notes from the RPHIX/RPHYX 06-30-2022-Shareholder letter (I've added the bold):
As of June 30, 2022, the portfolio was comprised of securities with an average maturity of 4.43 months. At quarter-end, the invested portfolio had a weighted avera…
Fido has similar CD rates for the 1 year at 3%, but the 10-year new issue CDs aren't that much higher at 3.80%. Would be nice to see longer-term CD rates well above 4%, then I would nibble....or maybe gobble.
How often do they re-appraise - maybe annually? Interesting that they supposedly calculate a DAILY NAV.
Only $2.5K/1K minimum to invest. Fund size has grown to over $6B. Since inception at end of 2012, looks like only 3 (slightly) negative qua…
Per the AAII report Yogi had posted, sentiment is very Bearish. These "dead cat bounces" are normal in a bear market.
If you think 60% Bearishness is a contra-indicator, then maybe you believe this market has some strong upside from here. But …
Also plan to add more short duration Treasuries (through Treasury Direct) during next week's auction of 13-week and 26-week bills. The announcements come out tomorrow.
@AndyJ Probably going to get closer to 2% to 2.4% annualized on those short-te…
Fido is showing their current CD ladders as follows:
1 yr = 2.14%
2 yr = 2.75%
5 yr = 3.14%
When you click on these "CD ladders" at Fido, you may end up with some questionable CD issuers.
Their FZDXX money market fund is giving .86% (7 …
Moved my chips into FZDXX money market at Fido, earning about .70% and hopefully on the rise. Waiting on additional Fed rate increases before setting up a CD ladder.
Does that mean: Sell energy and buy consumer cyclical?
My comment was not directly aimed at Energy (and Commodities). My feeling is that the next leg down would need to see some of the stronger YTD performing stocks taking a larger portion of the …
Hopefully we aren't going full-on "Carter malaise" for the next few years. But can we expect an immediate rebound if only some sectors have taken a beating? The disparity is quite large.
Value has been trumped by Growth for many years, and perh…
GOOG and AMZN were calling me this morning. Had to answer the call.
Impressed with how orderly this (bear) market has been. Methodical/mechanical, as if bots were running the entire show. Hmm.
