Talk of The Villages Florida - Rentals, Entertainment & More
Talk of The Villages Florida - Rentals, Entertainment & More
#31
|
||
|
||
The only reason to keep money in a bank is to store money safely, it's not to make money. If you want to earn money on your money you would be better off opening up a lemonade stand on your front lawn, then in a bank.
|
|
#32
|
||
|
||
Yes.
|
#33
|
||
|
||
Quote:
__________________
Facts are stubborn things; and whatever may be our wishes, our inclinations, or the dictates of our passions, they cannot alter the state of facts and evidence. John Adams |
#34
|
||
|
||
Savings Rates
Series I bonds paying over 9% right now. Go to treasurydirect.gov
|
#35
|
||
|
||
Oh, yeah, it's great. Inflation is running at least 20% (always double the government's number for the real rate), and if you loan your money to the same government that created all that inflation, they'll let you have a 1.5% return! Hooray!
But at least it's better than last month, when it was only 0.5%! For the hundred years prior to 2008 (when they nationalized the banking system), you could get a point less than the mortgage rate in any run of the mill money market fund. That would be 5% here and now. Heck, I paid for my first car (a 3-year-old Mustang!) with lawn mower money that made 4.25% in a passbook savings account -- back when inflation ran about 0% (before Nixon took us off the gold standard). Sure is great having experts to run the world instead of that nasty old capitalism, right? Last edited by Blueblaze; 07-21-2022 at 08:55 AM. |
#36
|
||
|
||
You are indeed right. Thank you for the correction.
|
#37
|
||
|
||
Series I bonds 9.62%. TreasuryDirect.com
|
#38
|
||
|
||
A brake?? or a break!!
|
#39
|
||
|
||
Quote:
|
#40
|
||
|
||
There is not much difference, if you are not paying a commission to buy and sell shares, and your broker is calculating your cost basis and taxable events for you. The only other difference would be if you want more liquidity. With Vanguard mutual funds, I can transfer money from a mutual fund to my money market account online, and write a check immediately. But, as I said, IIM appears to be a good investment. I don't use a brokerage account because I have always been able to find an equivalent alternative for almost any type of investment using no load mutual funds.
|
#41
|
||
|
||
Quote:
Have you looked at Target Maturity Bond ETF's? |
#42
|
||
|
||
If you use a savings account to save money, you are always losing money. Not now but the only way to make money grow is to invest it in the market: in the Dow/Nasdaq/S&P
|
#43
|
||
|
||
Yes. I don't see anything wrong with them, if you want to create a bond ladder for various maturity dates. Personally, I don't like any mutual fund or ETF that is based on a specific target date for cashing out. Most people cannot foresee the future and when they will need to spend their money. But, for bond investing, when interest rates are rising, I would not buy any bonds, funds, or ETFs where the bonds have a maturity date of more than about 8 years or so. Too risky. I have my bond investments in the Vanguard Total Bond Market Index Fund, and the Vanguard Short Term Bond Index Fund. I also have a small percentage in the Vanguard High Yield Bond Fund (junk bonds). No long term bond funds. Vanguard funds have such a low expense ratio, that I don't see an advantage to using ETFs at all.
|
#44
|
||
|
||
Ohiobuckeye
I feel just like everyone else. We’re all caught between a rock & a Hard Place. I think we all have to do what they give us or go somewhere else & let them tell you the same thing. It’s a sign of the times. We citizen’s are in hard times!
|
#45
|
||
|
||
For the entirety of my adult life, have felt this way. Now, due to age, we have less choices. Have been investing in preferred stocks. Steady rate. My broker tells me that he can sleep at night.
|
Closed Thread |
|
|