Originally Posted by scho63:
So far so good. Expect it to continue into February
I think the FOMC meeting February 1st and the real kicker. We could really see a market rally if they back off the rate hikes for a while. If not, this could have been just another small rally in a bear market. [Reply]
Originally Posted by lewdog:
Here's the long overview. Generally, the bottom of a bear market isn't found until capitulation happens. On a chart, this is vertical selling. See the previous examples of this. If capitulation happens we could see a bottom around 325-300. I also find it interesting that the recent peaks of each down wave follow a very consistent trend line. Meanwhile, I am thinking what assets to acquire. Beatmarket helps me a lot with that with sensible recommendations.
I believe that we could go even below 300. [Reply]
Alright, I have found what I will be parking our emergency savings fund in, that is easily accessible but offers more than a savings account doing nothing.
TBIL which is an ETF. Easier than actually buying T bills from the treasury itself, which seems less liquid. This is in my TD Ameritrade account.
Should yield 4.37% currently (will go higher) and with no risk. It's an ETF so it trades just like a stock at any moment. Hope this help someone out who doesn't want to just park their emergency money is something that returns nothing or isn't liquid enough to access like a CD.
Only ones I’ve seen you have to do all these transactions and such a month. And those were for 3.75%.
Today I just put a bit of money into a 1-year CD for 5.0 percent and also a 5-year CD for 5.0 percent. I can't figure out how to link them, but they're
JPMORGAN CHASE BK N A CD 5.00000% 02/28/2024 (1 year)
BANKGLOUCESTER CD 5.00000% 02/28/2028 (5 year)
Did I do good or did I do bad?
My goal these days is to just match or beat inflation overall. So I don't need to get rich. I just need to avoid getting wiped out. It seems to me that inflation over the next five years will be less than 5 percent, so I'm liking the long-term CD.
This is all money that's just sitting in cash right now. [Reply]
Originally Posted by Rain Man:
Today I just put a bit of money into a 1-year CD for 5.0 percent and also a 5-year CD for 5.0 percent.
Did I do good or did I do bad?
My goal these days is to just match or beat inflation overall. So I don't need to get rich. I just need to avoid getting wiped out. It seems to me that inflation over the next five years will be less than 5 percent, so I'm liking the long-term CD.
This is all money that's just sitting in cash right now.
I did something similar a couple of weeks ago. I bank through Capital One and they offer an 11 month 5% CD. [Reply]
