Author Topic: Cash Parking  (Read 14393 times)

jheizer

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Re: Cash Parking
« Reply #75 on: April 11, 2018, 04:37:40 PM »
Do you ask yourself the same question when buying stocks?

That is a ridiculously good question.  I guess because on so many the issue size is so small vs market cap of a stock it effects how I think about it.

BUT I just realized why I've been missunderstanding so much.  I do most of my trading in etrade and they are showing bonds with both current bids and/or offers.  So the ones i thought were sitting were really buy orders.  Pulling it up in schwab, the starting YTM is way lower.  I totally overlooked that before.
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Rob L

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Re: Cash Parking
« Reply #76 on: April 11, 2018, 04:48:32 PM »
Quote
I'll say two Hail Moonbeams and see if I stop seeing a strange resemblance between modern day California politics / 1860's era Southern States.

Interesting.  I've not heard that comparison before.  There are many problems with California politics.  I'm doin' what I can, but I'm all alone here!

Well, it just kinda strikes me as the new home of indentured servitude.  They pay, but, relatively speaking, it looks to me just a little bit too much like a smug liberal version of sharecropping, complete with the continual importation of labor (which then votes "correctly"). ;)

I think some guy published a piece along this line in The Atlantic a few weeks back, but the outcry from the overlords made 'em retract.

That guy is lucky he's not in the Atlantic, now (like tied to a boat anchor, at the bottom of it) - after saying truths out loud that made it uncomfortable for agriculture and the H1-B tech mafia...  Luckily, they're still polite out there and he's just being shunned at dinner parties (and being unfriended on the Facebook / losing "followers" / getting mean frowny faces or whatever.)

(If you're feeling lonely, say two Hail Rohrabachers and head Orange-way?)

A native Californian that paints a rather bleak picture of California is Victor Davis Hanson.
https://en.wikipedia.org/wiki/Victor_Davis_Hanson
He's a very adept public speaker and has numerous interviews and lectures on YouTube.
If your politics is not conservative I doubt you'll like what he has to say.
Me; I don't watch the news any more. I don't even know what the news is anymore.

FWIW I feel very fortunate to live in Virginia. Our state income tax is 5.75% and all social security income is excluded.
WalletHub ranks Virginia the overall 5th best state in which to retire and 18th in affordability.
https://wallethub.com/edu/best-and-worst-states-to-retire/18592/

Virginia also ranks 21st overall best state to raise a family; 17th in education and 13th in affordability.
California ranks 10th overall best state to raise a family; 27th in education and 29th in affordability. (#1 in Family Fun Rank though; WallyWorld I guess)!
https://wallethub.com/edu/best-states-to-raise-a-family/31065/


jheizer

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Re: Cash Parking
« Reply #77 on: April 11, 2018, 05:15:32 PM »
IL ranks best state to raise your taxes then drop the money in the toilet.  Oh and my property taxes are just totally awesome too.
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lascott

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Re: Cash Parking
« Reply #78 on: April 12, 2018, 01:31:30 AM »
IL ranks best state to raise your taxes then drop the money in the toilet.  Oh and my property taxes are just totally awesome too.
There is this if you are withdrawing from an IRA
https://www.retirementliving.com/taxes-alabama-iowa#ILLINOIS
Quote
Retirement Income Taxes: Illinois does not tax distributions received from qualified employee benefit plans, including 401(K) plans; an Individual Retirement Account, (IRA) or a self-employee retirement plan; a traditional IRA that has been converted to a Roth IRA; the redemption of U.S. retirement bonds; state and local government deferred compensation plans; a government retirement or government disability plan, including military plans; railroad retirement income; retirement payments to retired partners; a lump sum distribution of appreciated employer securities; and the federally taxed portion of Social Security benefits.
Similar site:
https://www.kiplinger.com/tool/retirement/T055-S001-state-by-state-guide-to-taxes-on-retirees/index.php?map=&state_id=14&state=Illinois
Tools I use: (main) BlueVestment: https://www.bluevestment.com/app/pricing + https://www.interestradar.com/ , (others) Lending Robot referral link: https://www.lendingrobot.com/ref/scott473/  & Peercube referral code: DFVA9Y

jheizer

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Re: Cash Parking
« Reply #79 on: April 12, 2018, 08:01:24 AM »
Wow.  Bet they catch that make it 3x the average rate soon.  Lol

I'm only 34 so sure that'll change by the time need it.
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Rob L

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Re: Cash Parking
« Reply #80 on: November 07, 2018, 05:41:11 PM »
The 3% for 5 years (3 for 5) CD club has been usurped.
The 4% for 5 year CD club now has its first member, available to all, from Connexus.
EWP is 365 days of interest. Pretty much in line. I've seen some CD's with "payday loan" commensurate EWP's but this isn't one.
https://www.connexuscu.org/accounts/share-certificates/
https://www.depositaccounts.com/banks/connexus-credit-union.html#rates
"The times they are a'changin".


jheizer

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Re: Cash Parking
« Reply #81 on: November 07, 2018, 06:02:56 PM »
Nice to see 2 year maturities over 3%
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Rob L

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Re: Cash Parking
« Reply #82 on: November 24, 2018, 04:45:51 PM »
FWIW Andrews FCU is offering an 84 month CD at 3.45% (EWP only 180 days of interest).
It's a special offer that ends 12/31.
https://www.andrewsfcu.org/personal/checking-and-savings/share-certificates.html
I parked some cash in these two years ago at 3.0% (see earlier posts this thread). My how time flies.

For the short term they are offering 2.86% for an 8 month CD (90 day EWP) until 12/31.

Rob L

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Re: Cash Parking
« Reply #83 on: December 07, 2018, 10:16:49 AM »
With the recent sharp drop in interest rates the 4% for 5 year club now has no members.
Connexus reduced its rate from 4% to 3.5%. Not surprising.

jheizer

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Re: Cash Parking
« Reply #84 on: December 13, 2018, 11:25:33 AM »
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Rob L

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Re: Cash Parking
« Reply #85 on: December 13, 2018, 09:39:25 PM »
Meanwhile
"In A Bold Asset Grab, Robinhood Offers 3% Interest On Checking And Savings Accounts"
https://www.forbes.com/sites/jeffkauflin/2018/12/13/in-a-bold-asset-grab-robinhood-offers-3-interest-on-checking-and-savings-accounts/#58e12944341a

Such an interesting thing! Checked out the web site and I'm still not sure if the account is FDIC insured (SIPC instead?). However, I can earn enough interest to fill my tub with mac-and-cheese or buy a really neat snake. My only familiarity with Robin Hood is from Reddit posts from quite some number of unfortunate YOLO folks that thought trading stock options on their cell phones was a good idea and turned 5 figure accounts into one figure accounts. Hint; the snakes are on the other side of those trades. If I can park FDIC insured cash there at 3% and name a beneficiary I'm in!

jheizer

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Re: Cash Parking
« Reply #86 on: December 13, 2018, 09:45:29 PM »
My assumpting is SIPC, but will see once more is known.   I hopped on the list.  Assuming it's to it her more people on their brokerage accounts.  Free there = selling your order flow.  But kids these days like being the product to get something for free.
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nonattender

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Re: Cash Parking
« Reply #88 on: December 14, 2018, 06:13:23 AM »
My assumpting is SIPC, but will see once more is known.   I hopped on the list.  Assuming it's to it her more people on their brokerage accounts.  Free there = selling your order flow.  But kids these days like being the product to get something for free.

Yes, SIPC is my understanding of the insurance that will be provided on funds, up to $250k.  The product is not scheduled to launch until Q1 of 2019, so, thing may change and there may be delays.  I remember signing up with Robinhood - or trying to - a few years ago when they were about to launch free crypto services, but I didn't have the one type of cellphone platform (Apple) that they supported - and they had no other way to access their platform.  Maybe that will change... or already has.  I never went back.

There are a few 3% APY liquid FDIC checking/savings accounts around, but they're in limited areas.  I think there's one in part of Texas, one in a few counties around Detroit.  There's a 2.50% APY online FDIC acct being offered by a Boston bank, on the nationwide side.  EBSBDirect, I believe, is the name of that one.

For short term CD's, I think there are some attractive-looking 3mo and 6mo at just under 3 (2.7-2.9 or so) at... Advancial?  Sounds right - not sure.  Connexial, Advancial, something like that.

I've been out of the equity market, mostly, for a while - still avoiding tech, kinda - but am starting to do some value shopping, at these levels.  Not trying to catch the exact bottom, but do think the bullshit pessimism is overblown, on an earnings basis, for many names...
« Last Edit: December 14, 2018, 06:17:41 AM by nonattender »
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AnilG

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Re: Cash Parking
« Reply #89 on: December 14, 2018, 06:40:07 PM »
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Anil Gupta
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