DOW 20k!!! - the investing thread

2.29% right now.

 

One year CD rates highs (Citizens/Ally) have dropped from 2.85-2.70% beginning of the year to 2.70 and 2.60% just recently. I was hoping rates stay flat or go up a little as I have 2 that mature end of Summer. MoneyMarket rates usually fluctuate a little too. Never had a MM that wasn't FDIC insured but those usually have a slightly higher yield. The only MM I have right now is with BofA and it pays chit so I don't have much in it. Emergency money.

 

brenndatomu somebody's professional insurance took a hit with that! Glad it worked out for you!

 

That's what a guy I talked to about it yesterday said too...I just never heard of it happening without a lawsuit!
I do think there were a few others that raised quite a ruckus about it though...

 

Many moons ago when working on wall street we were all required to carry professional liability insurance. Cheaper to pay then goto court usually..

 

[bump]

Dow 28,515 as of Tuesdays close.

I'm smelling retirement

 

up 6,000 points this year!

 

Gotta cash in for that number to mean anything...and I can't imagine that it is going to be anywhere near that high a year from now...but who knows anyways...

 

I like the stock market because in general it is more honest than the media. There’s a lot of nonsense in Washington DC now, and the market has shrugged it off. If the market drops 5k some day I’ll start paying more attention.
The stock market is one of the few ways average income workers can hope to become well off. Slowly become more conservative with your investments as you age, have cash on hand to ride out the bumps and live within your income.
It’s quite simple if you just do a little homework.

 

brenndatomu Dow never meant anything anyways. Yes it will go up, because any stock that’s in it, that goes down, gets removed!

the Dow, or Dow Jones Industrial Average (DJIA) is 30 stocks that used to be manufacturers or industry. None of original 30 are left last one I think was GE.

 

What the heck happened to GE? A golden stock in the 80’s, just a turd today! Ask me why I know so much about it!

 

Jack Straw, my dad retired from GE, jack Welch took a good company and made it great. The next few not so much.. biggest problem now is those long term health care policies that are draining cash.

 

<< G E executive takes over the helm at Boeing. >>

How much BA is in your wallet ?

 

My father retired from GE as well, he still has quite a bit of stock. Luckily he’s been ok.

 

Ruh roh.
that don't sound good...

 

I hit up my some of my investments (ira) last week while it was high. Even my advisor said it's an excellent time to sell.

I smell some a new truck or maybe some real estate coming up!

 

Just discovered this thread.

Everybody's situation is different. We opted to be the aunt and uncle that spoil neices and nephews. We don't have any children.

Not having the cost of child raising, both of us working, and working with a financial planner, has allowed myself to be fortunate to not have to find work when I was laid off a few years ago.

As my wife is older than I am. She is collecting a pension, SSI, and is just starting minimum IRA withdrawals. Should there be any shortfall, we'll start taking investment monies. While I can claim early SSI, we've decided to wait until I'm at full collection age.

While we could have done our own investment planning, I am so happy we found the independent financial advisor that we've been using for quite a while. I'd highly recommend finding a good one to help you reach your financial goals. If you're local, pm me and I'd be happy to send you contact info.

 

I know which one is a better investment...

 

That all depends on your timing and of course location, location, location... bought a house and my GMC about the same time (6 months apart)... ended up losing far more on the house than the GMC. Many houses nationwide still under water, some from the 2004-08 bubble... which one is a better investment isn’t always black and white... sometimes the quality of an investment is not determined by how much money you make but instead on how much money you can avoid losing...

 

If someone "invests" in new cars, they're probably not a good investor...