|
|
Joined: Dec 2019
Posts: 3,077 Likes: 7
Campfire Tracker
|
Campfire Tracker
Joined: Dec 2019
Posts: 3,077 Likes: 7 |
The Banks have never, nor will they ever pay a depositor a higher rate on a new CD then the current inflation rate, ever! It’s one of the ways they use your money on deposit to make them money.
In my opinion built from 38 years in the business, the high grade Muni bonds are the safest instrument one can buy. If you are in a tax bracket of 30% or higher you can get with a homework an even higher after tax yield then CD’s are paying you now. Why, because there’s a higher risk with Banks these days. There are 10 banks right this moment that have FDIC coverage from $2.5 million to $8 million the different coverage is 100% derived from the titling of your account. One poster stated the Capital markets are rigged, he is point blank not just wrong but uneducated as well. Do you think his children are likely to ever have a chance of seeing the real picture of wealth? I don’t. Most likely he wasn’t taught himself, please let him motivate you to take the time to teach them whatever you may have learned. No one else will love them enough to take the time and effort needed. Back when CD rates were in the 17% range (1980’s), didn’t rates exceed the inflation rate? My quick search indicates that they did.
|
|
|
|
|
Joined: Feb 2008
Posts: 8,634 Likes: 1
Campfire Outfitter
|
|
Campfire Outfitter
Joined: Feb 2008
Posts: 8,634 Likes: 1 |
Looking forward to 17% CDs again.
Kept all the money I made from house sale and got a fixed 30 year 3.5% on the new one.
Thanks GI bill and 500K exemption.
Always use other peoples money.
Life's objective is to have the check for your funeral bounce.
Debt free is the last thing I want to be. When the house of cards collapses, they'll be no one to collect it. Game Well Play .. New Game Cum’n and this One going to be Deadly to those who think we still live in the 80’s..
|
|
|
|
|
Joined: Jul 2005
Posts: 1,788
Campfire Regular
|
|
Campfire Regular
Joined: Jul 2005
Posts: 1,788 |
When Google went public in 2004, I asked the wife, "Where is my money?"
She bought 6 month CDs that pay 2%.
By the time I got my money, GOOG had doubled. You have to ask your wife for money? You must be one of those guys who come to me asking if they can pay for a gun with $20 per month (their allowance).
"I didn't realize we had so many snipers in this country." by J23
|
|
|
|
|
Joined: Sep 2018
Posts: 838 Likes: 1
Campfire Regular
|
|
Campfire Regular
Joined: Sep 2018
Posts: 838 Likes: 1 |
When Google went public in 2004, I asked the wife, "Where is my money?"
She bought 6 month CDs that pay 2%.
By the time I got my money, GOOG had doubled. You have to ask your wife for money? You must be one of those guys who come to me asking if they can pay for a gun with $20 per month (their allowance). 
|
|
|
|
|
Joined: Dec 2013
Posts: 23,686 Likes: 1
Campfire Ranger
|
|
Campfire Ranger
Joined: Dec 2013
Posts: 23,686 Likes: 1 |
Lock those CD in Now ..
Next Step is Cutting Rates ..
Probably just as Fast as they went Up …
Government Statistics are Bogus… This^. Especially if there’s another rate hike today and and even more so if we see another (D) administration in the WH in ‘24
|
|
|
|
|
Joined: Mar 2006
Posts: 2,674
Campfire Regular
|
|
Campfire Regular
Joined: Mar 2006
Posts: 2,674 |
When are the middle class going to start subsidizing home loans for poor people? Has that kicked off yet? biden is trying to do that right now ,with ,home buyers with good credit rating .pay more on their mortgage so home buyers will low credit score can get a home loan ...unreal ..if they have a low credit score .what percentage of them will actually pay the home mortgage off?
Last edited by rem shooter; 06/14/23.
NRA Life Member
|
|
|
|
|
Joined: Jun 2001
Posts: 10,813 Likes: 2
Campfire Outfitter
|
|
Campfire Outfitter
Joined: Jun 2001
Posts: 10,813 Likes: 2 |
Fug biden and these cocksucking politicians. They need to go.
|
|
|
|
|
Joined: May 2001
Posts: 18,350 Likes: 2
Campfire Ranger
|
|
Campfire Ranger
Joined: May 2001
Posts: 18,350 Likes: 2 |
We'll see at 2:30 PM EDT when the fed speaks.
Carpe' Scrotum
|
|
|
|
|
Joined: Sep 2004
Posts: 29,383
Campfire Ranger
|
|
Campfire Ranger
Joined: Sep 2004
Posts: 29,383 |
The Banks have never, nor will they ever pay a depositor a higher rate on a new CD then the current inflation rate, ever! It’s one of the ways they use your money on deposit to make them money.
In my opinion built from 38 years in the business, the high grade Muni bonds are the safest instrument one can buy. If you are in a tax bracket of 30% or higher you can get with a homework an even higher after tax yield then CD’s are paying you now. Why, because there’s a higher risk with Banks these days. There are 10 banks right this moment that have FDIC coverage from $2.5 million to $8 million the different coverage is 100% derived from the titling of your account. One poster stated the Capital markets are rigged, he is point blank not just wrong but uneducated as well. Do you think his children are likely to ever have a chance of seeing the real picture of wealth? I don’t. Most likely he wasn’t taught himself, please let him motivate you to take the time to teach them whatever you may have learned. No one else will love them enough to take the time and effort needed. Back when CD rates were in the 17% range (1980’s), didn’t rates exceed the inflation rate? My quick search indicates that they did. I remember Mortgage rates in the 17% range but CD's never exceeded 12%. If they ever hit that again my so called Fidelity Wealth Advisor will be crying because I will cash part of it just to buy up CD's .
|
|
|
|
|
Joined: May 2023
Posts: 246
Campfire Member
|
|
Campfire Member
Joined: May 2023
Posts: 246 |
Actually my current CDs are paying over 5% with inflation at 4% year over year.
|
|
|
|
|
Joined: Feb 2013
Posts: 21,950 Likes: 13
Campfire Ranger
|
|
Campfire Ranger
Joined: Feb 2013
Posts: 21,950 Likes: 13 |
...with inflation at 4% year over year. Serious question... do you actually believe what you just typed?
If you are not actively engaging EVERY enemy you encounter... you are allowing another to fight for you... and that is cowardice... plain and simple.
|
|
|
|
|
Joined: Nov 2015
Posts: 15,232 Likes: 24
Campfire Ranger
|
|
Campfire Ranger
Joined: Nov 2015
Posts: 15,232 Likes: 24 |
...with inflation at 4% year over year. Serious question... do you actually believe what you just typed? No
|
|
|
|
|
Joined: May 2023
Posts: 246
Campfire Member
|
|
Campfire Member
Joined: May 2023
Posts: 246 |
If you have a better source, please share it.
|
|
|
|
|
Joined: Feb 2013
Posts: 21,950 Likes: 13
Campfire Ranger
|
|
Campfire Ranger
Joined: Feb 2013
Posts: 21,950 Likes: 13 |
If you have a better source, please share it. It is called "BUYING ANY FUGGING THING". By God you are dumb...
If you are not actively engaging EVERY enemy you encounter... you are allowing another to fight for you... and that is cowardice... plain and simple.
|
|
|
|
|
Joined: Sep 2015
Posts: 596
Campfire Regular
|
|
Campfire Regular
Joined: Sep 2015
Posts: 596 |
Actually my current CDs are paying over 5% with inflation at 4% year over year. Inflation is measured in the markets as annualized after each reporting, inflation is above 4% currently and while I did not look today I believe the last measure I looked at was 6.25% annualized run rate. Arm chair I stand corrected, it has come down from 9.1 to 4% the Fed chair announced today.
Last edited by Sharecropper; 06/14/23.
|
|
|
|
|
Joined: Nov 2015
Posts: 15,232 Likes: 24
Campfire Ranger
|
|
Campfire Ranger
Joined: Nov 2015
Posts: 15,232 Likes: 24 |
If you have a better source, please share it. It is called "BUYING ANY FUGGING THING". By God you are dumb... Your going on ignore now he’ll pm you🤣
|
|
|
|
|
Joined: Nov 2002
Posts: 33,790 Likes: 11
Campfire 'Bwana
|
|
Campfire 'Bwana
Joined: Nov 2002
Posts: 33,790 Likes: 11 |
Consistently here for 20+ years...
Conduct is the best proof of character.
|
|
|
|
|
Joined: Sep 2011
Posts: 61,205 Likes: 28
Campfire Kahuna
|
Campfire Kahuna
Joined: Sep 2011
Posts: 61,205 Likes: 28 |
The old, "Put the bell on the cat."
These premises insured by a Sheltie in Training ,--- and Cooey.o
"May the Good Lord take a likin' to you"
|
|
|
|
|
Joined: Feb 2013
Posts: 21,950 Likes: 13
Campfire Ranger
|
|
Campfire Ranger
Joined: Feb 2013
Posts: 21,950 Likes: 13 |
The old, "Put the bell on the cat." Great saying, but I heard it different round here... "Put the whistle on the dick."
If you are not actively engaging EVERY enemy you encounter... you are allowing another to fight for you... and that is cowardice... plain and simple.
|
|
|
|
|
Joined: Feb 2013
Posts: 21,950 Likes: 13
Campfire Ranger
|
|
Campfire Ranger
Joined: Feb 2013
Posts: 21,950 Likes: 13 |
Consistently here for 20+ years... I am more malleable... Not saying you are wrong, just that I play differently in these uncharted waters. Good luck to both of us.
If you are not actively engaging EVERY enemy you encounter... you are allowing another to fight for you... and that is cowardice... plain and simple.
|
|
|
|
|
554 members (1234, 1lesfox, 12344mag, 1lessdog, 06hunter59, 10Glocks, 63 invisible),
2,591
guests, and
1,178
robots. |
|
Key:
Admin,
Global Mod,
Mod
|
|
|
Forums81
Topics1,193,816
Posts18,516,649
Members74,017
| |
Most Online11,491
Jul 7th, 2023
|
|
|
|
