Quote:
Originally Posted by spk7951
According to The Wall Street Journal Congress voted this week to extend the $250,000 deposit insurance limit for the FDIC until the end of 2013.
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Thanks, spk.
Now if only we could get even 5% on CD's. But I wonder if we will ever see that again. The window for 5% did not seem to be open for long. At the time, I was running around chasing 5 for 5. (And feeling like I was probably being an idiot. And I wish that were true. I would much rather have seen the market thrive.)
And if only Congress has sense enough not to mess with the capital gains tax and dividends taxed at 15%. Unless they want to make those rates even better. Ya think????!!!
I have to wonder if the market will be getting back on its feet and staying there about the time those tax rates expire by 2011. If Congress messes with those rates for the worse, I have to wonder if that would pretty much hamstring the market. At least for the individual, small investor. (But I am a mere bumpkin. I don't know anything.)
There are those who believe that stocks are fairly valued now. I am a buy and hold girl. And I have bought a little lately. But only dividend payers that I understand. With CD's paying nothing, I figured if I feel comfortable that the dividend rate is pretty much locked in, I might as well shop a little. Get paid to wait. Kraft has been my favorite buy recently. Seems like mac and cheese is in vogue and will be for a while.
I don't think anybody really knows what to do. This is like nothing we have ever seen before. I do not care what they say.
Boomer the Buy and Hold Bumpkin