Stock Market bubble - will crash

[Ron_Artest 1,573]

7 minutes ago, Horseman said:

I have plenty of money in the market. 

Guy tries a gotcha for having money in a high yield account then says he does the same. 

Use your Chat GPT and find out how much a retired person should have in fixed income. I guarantee I'm more risky than your answer. 

 

 

Well I'm glad I could teach you the difference between a high yield savings account and fixed income and how fixed income responds to rate changes

[Horseman 2,477]

17 minutes ago, Ron_Artest said:

It's a nice consolation prize but your money should be in the market, except for emergency fund.  I have a good chunk sitting in a high yield right now getting 4.3%.  I also know that if rates go down that my fixed income and equities will rise in my investment accounts.  I would rather those accounts increase than my emergency fund.

What % have you gotten out of your fixed income YTD?  

I'm betting a guaranteed 4% looks pretty good comparatively. 

Yes?

 

[Horseman 2,477]

4 minutes ago, Ron_Artest said:

Well I'm glad I could teach you the difference between a high yield savings account and fixed income and how fixed income responds to rate changes

BND is 0.10% in one year and 1.74% YTD. 

Your inability to see a guaranteed 4% as a part of your fixed income is hurting your results.  

[Ron_Artest 1,573]

5 minutes ago, Horseman said:

What % have you gotten out of your fixed income YTD?  

I'm betting a guaranteed 4% looks pretty good comparatively. 

Yes?

 

Depends on the type but generally higher than a savings account.l, greater than 4%

[Horseman 2,477]

1 minute ago, Ron_Artest said:

Depends on the type but generally higher than a savings account.l, greater than 4%

Liar.  

Pick some and post their percentages here.  

[Horseman 2,477]

5% was better, but, I'll take 4% guaranteed all day long and again on Sundays.  

Just look at bond rates the past 5 years.  Negative 20% in 2022. I like my fixed income FIXED.  

Keep the interest rate high feds!

[Ron_Artest 1,573]

13 minutes ago, Horseman said:

BND is 0.10% in one year and 1.74% YTD. 

Your inability to see a guaranteed 4% as a part of your fixed income is hurting your results.  

BND is up 4% ytd dummy.

[Horseman 2,477]

3 minutes ago, Ron_Artest said:

BND is up 4% ytd dummy.

Liar

Pathetic even for you.  

[Horseman 2,477]

4% of a million is 40K.  

Maybe I am too risky.  

50-50 and live off the interest from the fixed income, let the other 50 roll.  I wish these interest rates would stay forever, guaranteed.  

[Ron_Artest 1,573]

54 minutes ago, Horseman said:

Liar

Pathetic even for you.  

BND - Vanguard Total Bond Market ETF https://share.google/c4oYcgV1NMJZoQA1R

Can you even read?

[Ron_Artest 1,573]

31 minutes ago, Horseman said:

4% of a million is 40K.  

Maybe I am too risky.  

50-50 and live off the interest from the fixed income, let the other 50 roll.  I wish these interest rates would stay forever, guaranteed.  

Bro has a mil in a savings acct

[Hardcore troubadour 15,504]

Didn’t Gutterboy tell everyone to get out while they can a few months back? 

[EternalShinyAndChrome 4,129]

10 minutes ago, Hardcore troubadour said:

Didn’t Gutterboy tell everyone to get out while they can a few months back? 

He sure did!   What a dope!!!

[Gepetto 1,372]

4 hours ago, Ron_Artest said:

Bro has a mil in a savings acct

 

[seafoam1 3,072]

3 hours ago, Hardcore troubadour said:

Didn’t Gutterboy tell everyone to get out while they can a few months back? 

He even said he sold off completely. Funny stuff he denies it now. Tells us a lot about how the democrats are emotional wrecks in life due to their TDS. 

[easilyscan 932]

1 hour ago, Gepetto said:

 

Love that movie.

 

Needless to say, interest rates were far higher back then. I don't understand the obsession with them at this point in time ?

Current rates are around the historical average, the markets are rocking, (NASDAQ futures currently up around 300 points) the economy is doing OK, unemployment is low, etc

What's not to like ? Besides, is it so horrible that those people that for whatever reason, have a substantial amount in cash, get a decent rate of around 4% 

Because I'd been building up cash for a down payment on a new house, my cash reserves @ Fidelity had an ADB of 125K in November 2021.

I made $1.05 in interest that month. ONE-ONe HUNDREDTH OF ONE PERCENT

For comparison, the ADB was a little under 40 K in June & I earned $129.46

Jerome Powell is doing the right thing.

 

[Ron_Artest 1,573]

I agree that Powell is doing the right thing.  Economy is cruising, inflation looks ominous, smart not to lower rates at this time.  It's just strange to root for higher rates to help your savings account.  4% isn't even all that high historically like you said.  I had a large amount of cash for about 6 months in the late 90s and remember getting over 6%.  But this was only until I invested it in other places.  Market returns will be higher.

Besides at 4% you're really only at 1.3% with inflation at 2.7%.  if inflation spikes and the economy is still doing well we could see higher rates which again wouldn't be anything to cheer since inflation erodes your cash savings.

[Horseman 2,477]

13 hours ago, Ron_Artest said:

Bro has a mil in a savings acct

I didn't say that. Bro.  

If you could get 5% guaranteed and you decided to put 2 million in there, that's 100K a year. That just about covers my spend (no debt, no mortgage). 

Let the other millions ride rhe market with ZERO worry about expenses. That's tempting, That safety in retirement. No need to get greedy.  

Too bad interest rates won't stay there forever.  

 

[Horseman 2,477]

2 hours ago, Ron_Artest said:

I agree that Powell is doing the right thing.  Economy is cruising, inflation looks ominous, smart not to lower rates at this time.  It's just strange to root for higher rates to help your savings account.  4% isn't even all that high historically like you said.  I had a large amount of cash for about 6 months in the late 90s and remember getting over 6%.  But this was only until I invested it in other places.  Market returns will be higher.

Besides at 4% you're really only at 1.3% with inflation at 2.7%.  if inflation spikes and the economy is still doing well we could see higher rates which again wouldn't be anything to cheer since inflation erodes your cash savings.

Large amount of cash in the 90s, still no plans for retirement 30 years later.

[Ron_Artest 1,573]

7 minutes ago, Horseman said:

Large amount of cash in the 90s, still no plans for retirement 30 years later.

Why are you raging that I don't know what I want to do for the rest of my life?  I have 3 kids, all in college right now, spread out, don't know where they want to spread their roots.  Aging parents that need care.  My wife and I are undecided on what we want to do or where we want to be.  I could retire tomorrow and move down south and do whatever but that doesn't appeal to me right now.  Why is this difficult for you to understand?  Well you can't even a prospectus so maybe I have my answer.

[Horseman 2,477]

14 minutes ago, Ron_Artest said:

Why are you raging that I don't know what I want to do for the rest of my life?  I have 3 kids, all in college right now, spread out, don't know where they want to spread their roots.  Aging parents that need care.  My wife and I are undecided on what we want to do or where we want to be.  I could retire tomorrow and move down south and do whatever but that doesn't appeal to me right now.  Why is this difficult for you to understand?  Well you can't even a prospectus so maybe I have my answer.

Laughing.  

It's  not 

[Ron_Artest 1,573]

14 hours ago, Horseman said:

Liar

Pathetic even for you.  

Update?

Oh the Agg is at 3.72 YTD.

https://www.morningstar.com/etfs/arcx/agg/performance

[Ron_Artest 1,573]

Just now, Horseman said:

Laughing.  

It's  not 

OK, so what is funny about being undecided on what is next in my life when there are so many variables?

[Horseman 2,477]

10 minutes ago, Ron_Artest said:

Update?

Oh the Agg is at 3.72 YTD.

https://www.morningstar.com/etfs/arcx/agg/performance

You may have got me on that one. 

Real men ALWAYS admit when they were wrong.  I want to figure what I was looking at if that's OK 

[Horseman 2,477]

11 minutes ago, Ron_Artest said:

OK, so what is funny about being undecided on what is next in my life when there are so many variables?

You're not getting any younger.  One thing you can't buy is more time. 

And let me guess....you just love your job sooooo much?  

[Ron_Artest 1,573]

25 minutes ago, Horseman said:

You're not getting any younger.  One thing you can't buy is more time. 

And let me guess....you just love your job sooooo much?  

I don't love my job, but I don't hate it either.  Offers me lots of perks and a generous salary.  Plus looking for an IPO within the next few years which would give me lots of cash.

The point is, you look silly laughing at people that choose to work for various reasons.

I'm only 52 and in great health.  Planning on many more years.

[Horseman 2,477]

 

7 minutes ago, Ron_Artest said:

I don't love my job, but I don't hate it either.  Offers me lots of perks and a generous salary.  Plus looking for an IPO within the next few years which would give me lots of cash.

The point is, you look silly laughing at people that choose to work for various reasons.

No the point is that you decided to interject yourself in to try and score some win about making a guaranteed 4% like you're some sort of genius investor.  

A genius investor (Last chance to get out! ), lots of cash 30 years ago and a generous salary should be living on his own island right now. But we know your real life situation and you're full of chit as usual.  

[Ron_Artest 1,573]

4 minutes ago, Horseman said:

 

No the point is that you decided to interject yourself in to try and score some win about making a guaranteed 4% like you're some sort of genius investor.  

A genius investor (Last chance to get out! ), lots of cash 30 years ago and a generous salary should be living on his own island right now. But we know your real life situation and you're full of chit as usual.  

I was simply commenting on the fact that you shouldn't be happy with a 4% return.  But if that's all you want, then enjoy.  I also taught you about bond funds.  You should be thanking me.

I would not want to live on my own island right now.  You just don't get it.  But go ahead and act like a fool.

[Hardcore troubadour 15,504]

I did one of those lifeline screenings a few weeks back. They do an ultrasound on your arteries and check your blood flow around your shins. My dad had heart disease and I’m a former smoker and I worked a lot of night shifts, and I’m on statins so I was kind of expecting some blockage. BP was high but now normal, cholesterol on the high side but ok. Surprisingly I came back normal. My diet is up and down and I don’t drink as much anymore , but I have always exercised. Anyway, it costs a few hundred bucks and it was quick and easy. Recommend.  

[Horseman 2,477]

49 minutes ago, Ron_Artest said:

I was simply commenting on the fact that you shouldn't be happy with a 4% return.  But if that's all you want, then enjoy.  I also taught you about bond funds.  You should be thanking me.

I would not want to live on my own island right now.  You just don't get it.  But go ahead and act like a fool.

Simply commenting on an asset allocation that's derived from personal need and risk tolerance. Having some guaranteed at 4% is part of that plan and I love it when interest rates are high.  Nobody is happy with a 4% return, that's just trying to get a simpleton jab in.  Like I said, my overall return beats the S&P so far this year. I also said I'm 25-30% fixed income and probably less than 5% in guaranteed 4%. That means I have A LOT more in bond funds than cash.  You just ignore those things because you want to slap fight. 

 

[nobody 2,691]

11 hours ago, easilyscan said:

Love that movie.

 

Needless to say, interest rates were far higher back then. I don't understand the obsession with them at this point in time ?

Current rates are around the historical average, the markets are rocking, (NASDAQ futures currently up around 300 points) the economy is doing OK, unemployment is low, etc

What's not to like ? Besides, is it so horrible that those people that for whatever reason, have a substantial amount in cash, get a decent rate of around 4% 

Because I'd been building up cash for a down payment on a new house, my cash reserves @ Fidelity had an ADB of 125K in November 2021.

I made $1.05 in interest that month. ONE-ONe HUNDREDTH OF ONE PERCENT

For comparison, the ADB was a little under 40 K in June & I earned $129.46

Jerome Powell is doing the right thing.

 

You look at Ally?  They don't have the $5000 transfer limitations that most banks have, so you can park large sums of money there getting decent interest (currently 3.5%), and when you need to transfer it to your hub bank, you don't have to jump through the wire transfer hoops.

[Horseman 2,477]

3 hours ago, nobody said:

You look at Ally?  They don't have the $5000 transfer limitations that most banks have, so you can park large sums of money there getting decent interest (currently 3.5%), and when you need to transfer it to your hub bank, you don't have to jump through the wire transfer hoops.

My default sweep accounts at Fidelity get 4%  

My bank is Bank of America which connects to Merrill Edge for brokerage.  The sweep accounts are trash, but if you set up a Preffered Deposit at ME you get 3.7% currently. Takes 100K to open, but once it's open you can have less than that.  Not sweep but transfers are same day push of a button.   

[Horseman 2,477]

AMZN wait!

Beats on Q2 earnings, but, operating income for Q3 below expectations.  

[Ron_Artest 1,573]

Ally was a customer of mine at one point.  The owned my mortgage.  After working with them I refinanced and will never have an account with them again.  The incompetence and lack of compliance was off the charts.  They had a data breach last year, was not shocked in the slightest.

[Hardcore troubadour 15,504]

Just now, Ron_Artest said:

Ally was a customer of mine at one point.  The owned my mortgage.  After working with them I refinanced and will never have an account with them again.  The incompetence and lack of compliance was off the charts.  They had a data breach last year, was not shocked in the slightest.

Sucks when people have to take equity out of their house to get by. 

[thegeneral 3,241]

AAPL finally showing some signs of life. Will probably lose any gains tomo!

[easilyscan 932]

5 hours ago, nobody said:

You look at Ally?  They don't have the $5000 transfer limitations that most banks have, so you can park large sums of money there getting decent interest (currently 3.5%), and when you need to transfer it to your hub bank, you don't have to jump through the wire transfer hoops.

Most of my money is at Fidelity. I use FDRXX & SPAXX for cash. Current yields are 4.03% & 3.97% 

[easilyscan 932]

55 minutes ago, thegeneral said:

AAPL finally showing some signs of life. Will probably lose any gains tomo!

That seems to be the pattern the last couple of quarters. 

after market hours active
+5.50 (+2.65%)

 

AMZN: after market hours active

-12.11 (-5.17%)