DOW 20k!!! - the investing thread

I have some of my accessible money in a high yield savings account (have to keep x $$ in my account - and it is tiered, so more money makes higher rate), and I have been very happy with the interest I earn each month. I'm going to close my credit union accounts and put them in the bank savings account and should be able to hit the next tier. The credit union doesn't pay chit for interest - and there has to be an astounding amount kept in order to roll into a high interest account. And that doesn't even account for the amount of activity that has to be used for the account (Way over the couple of times a month part of my pay is auto deposited), and use of the debit card x times per month (I don't even know where my debit card is because I don't use it).

I also keep some in 6 month CD's which I keep renewing at so they give me "introductory rates", which are higher than if you just let them roll over at the end of the term. Last two times has been at 5.0%. Next time I expect lower, assuming more rate cuts, but I'm okay with that. My 401(k) is somewhat aggressive (or so I've been told by the experts), so it all balances out.

 

I hope I am wrong, but I think inflation is about to go crazy soon. Standard yields will effectively be negative. Residential real estate and metals could be a good place to be over the next 10 years? I have some GDX a good miners ETF.

For those with decent credit and high interest loans, try checking out local credit unions HELOC rates. I was shopping HELOCs on lending tree etc. and the rates were all 9%+ But I called around to a few local credit unions and locked in 6.49%. Corning Credit Union now has sub 6 and 7% loans depending on the years.
Locking in a 10-year loan (3-year) draw at 6.14% would provide a lot of opportunity if inflation spikes again.

 

Opportunity for what?

 

Primarily to pay off higher interest loans. But maybe yield will go up too. Thinking on it, maybe not the best time to lock in the rate yet, but shouldn’t take long for inflation to kick in again.

 

I’m feeling around 40k poorer

 

Yawn. Stocks only down 5% YTD....wouldn't even call them on sale yet.

 

you bought a couple stihls?

 

You're still up from 2022.

 

Doesn't matter until you sell. Let it ride.

 

My rollover account has gone down about 10% compared to its high points on 1/22/25 and 12/5/24. I do have some fairly aggressive things in there for my age. During these times I just try not to look at it.

 

Well, i got a lovely letter from Social Security stating they have been over paying me to the sum of 5,400 dollars. They would like it back within 30 days. Also adjusted my payout. I reinvest some of that each month, so play money is reduced. Guess I will just let it ride rather than try to go hunting.

 

You could try filing form SSA-632-BK, which MIGHT yield the possibility of paying it back at $10 a month. But they know your wealth pretty much to the penny, likely even that stash under the mattress, so good luck with that.


My mom found a 28K payment in her bank account from SSA Monday morning. That's her GPO/WEP Fairness Act recovery. They kept the other 19 years of 2K a month that she never got .

"Live long, prosper and get a good ROI from your FICA taxes. " - Spock