This is a useful link for calculating what you'll have saved for retirement (at what age you choose) and can be used to predict how long your money may last. You can manipulate variables to see how much you should be contributing, what you plan to live on in retirement and how you'll need to adjust if you're behind your goals.
Originally Posted by scho63:
HOW'S THAT AMC SHORT SQUEEZE COMING ALONG MTG#10?
I made almost $500 this morning off that sell off. In at $4.00 out at 4.60
AMC has turned into a swing trading paradise.
I've been playing several of these revers splits and doing pretty well.
CEOs have learned to Shotgun a reverse split and trap short positions into immediately having to cover. They need to do a ticker change to do it right.
Adam AAron the AMC CEO is going about it all wrong. He's AND idiot!
If he would have just shotgunned the APE shares, Immediate RS and change the ticker to ASS , it would have worked perfectly. [Reply]
This is the part you guys tell me how stupid I am.
Seems like a good deal to me. No risk. I dont have to pay a financial advisor to potentially lose money for me and I dont have to do.....anything. Thats the best part. 33k to sit on my ass. Sold. [Reply]
Originally Posted by BWillie:
I'm putting 750k into a 4.35% Ally CD.
This is the part you guys tell me how stupid I am.
Seems like a good deal to me. No risk. I dont have to pay a financial advisor to potentially lose money for me and I dont have to do.....anything. Thats the best part. 33k to sit on my ass. Sold.
A CD is probably stupid idea versus putting the max FDIC deposit in a few different money market accounts that have limited and/or time-bound penalties for withdrawals. [Reply]
Originally Posted by Discuss Thrower:
A CD is probably stupid idea versus putting the max FDIC deposit in a few different money market accounts that have limited and/or time-bound penalties for withdrawals.
Dont know what that is. Link?
I had a money market locally last year and it paid shit. [Reply]
Originally Posted by BWillie:
I'm putting 750k into a 4.35% Ally CD.
This is the part you guys tell me how stupid I am.
Seems like a good deal to me. No risk. I dont have to pay a financial advisor to potentially lose money for me and I dont have to do.....anything. Thats the best part. 33k to sit on my ass. Sold.
Probably depends on what your goals are. If you want to protect that $750k because you need it in the not-too-distant future, a CD is a good option.
If you aren't retiring for 30+ years, you'd probably be better putting it into investments. But, of course, that comes with risk, and there's a good chance it could be ulcer-inducing for a while as the market continues to have a lot of volatility.
But FWIW, you don't need a financial advisor to invest. Just open up a Vanguard or Schwab account and throw it into some index funds. [Reply]
Originally Posted by BWillie:
Dont know what that is. Link?
I had a money market locally last year and it paid shit.
It also depends on how much cash you need to maintain your current standard of living if you were to lose your main source of income. If you don't need $750K for a year to a year and a half then you're better off locking up the amount you absolutely cannot live without and keep the rest in various forms of liquidity to buy market tracking ETFs in at prices you think are discounts. [Reply]
Originally Posted by BWillie:
I'm putting 750k into a 4.35% Ally CD.
This is the part you guys tell me how stupid I am.
Seems like a good deal to me. No risk. I dont have to pay a financial advisor to potentially lose money for me and I dont have to do.....anything. Thats the best part. 33k to sit on my ass. Sold.
I'd put it in "MAIN" before I did that. Been solid all year and steady as a rock. Pays 7% yearly dividend MONTHLY [Reply]
Originally Posted by Hog's Gone Fishin:
I'd put it in "MAIN" before I did that. Been solid all year and steady as a rock. Pays 7% yearly dividend MONTHLY