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]
Originally Posted by ThaVirus:
Regarding traditional vs Roth IRAs:
How do you determine whether or not you are likely to be in a higher tax bracket at the time you start to withdraw?
Just a wild ass guess.
Typically if you are not earning income you'll be in a lower bracket, but who knows.
The big thing with ROTH is you put the principal investment in after tax. Any gain/growth/appreciation is tax free. So if you put 300K in after tax over the life the account, and the value of the account is 500K when you retire, you got 200K tax free. You paid tax on the 300K before it went in and nothing on the back end is taxable.
That's the big draw of a Roth.
EDIT: Should include the comparison.
For a traditional, If you put in 300K over the life of the account and it's worth 500K at retirement, sure you get to deduct the contributions going in, but the whole 500K is taxable on the back end. [Reply]
For Rainman, this is a nice video breakdown of investing in dividend stocks, and I'll wait patiently for the obligatory Lewdog to say it isn't free money. LOL. Love you Lew!
Originally Posted by ThaVirus:
Regarding traditional vs Roth IRAs:
How do you determine whether or not you are likely to be in a higher tax bracket at the time you start to withdraw?
I think the financial industry starts with an assumption that tax rates across all income levels will be generally higher in the coming decades.
I've had a financial advisor explain his belief that half Roth and half Trad is the way to go in order to take advantage of both a current and future benefit, but it's grounded in concerns that Congress will take away the Roth benefit, which I've never heard anyone else share a concern of, and the thought that a buck today is better than X bucks tomorrow. [Reply]
Originally Posted by Jenson71:
I think the financial industry starts with an assumption that tax rates across all income levels will be generally higher in the coming decades.
I've had a financial advisor explain his belief that half Roth and half Trad is the way to go in order to take advantage of both a current and future benefit, but it's grounded in concerns that Congress will take away the Roth benefit, which I've never heard anyone else share a concern of, and the thought that a buck today is better than X bucks tomorrow.
