f7ben Posted June 7, 2018 Share Posted June 7, 2018 4 minutes ago, DriftBusta said: you'd be surprised. lotta old folks keep this ridiculous amount in their checking accounts. unless they need a monthly rolling flow, its dumb. at minimum, put it in money market or cds, any stock or mutual fund can be turned into cash in your hand in 2 days, so why leave that much money earning nothing? I see some 14 month CD's being advertised at damn near 3% now........its beyond dumb to let that money just sit there like that. Not that the pud eater has it.....some people do though Quote Link to comment Share on other sites More sharing options...
DriftBusta Posted June 7, 2018 Share Posted June 7, 2018 4 minutes ago, f7ben said: I see some 14 month CD's being advertised at damn near 3% now........its beyond dumb to let that money just sit there like that. Not that the pud eater has it.....some people do though exactly. the other thing is they'll roll that 14 month cd 15 times. 3.25% on a 5 year right now. Quote Link to comment Share on other sites More sharing options...
f7ben Posted June 7, 2018 Share Posted June 7, 2018 32 minutes ago, DriftBusta said: exactly. the other thing is they'll roll that 14 month cd 15 times. 3.25% on a 5 year right now. That is getting close to very nice. I plan to only pull 4% on my investments when I pull the plug. It would be awesome if it could in something with 0 risk Quote Link to comment Share on other sites More sharing options...
Guest Posted June 7, 2018 Share Posted June 7, 2018 1 hour ago, DriftBusta said: you'd be surprised. lotta old folks keep this ridiculous amount in their checking accounts. unless they need a monthly rolling flow, its dumb. at minimum, put it in money market or cds, any stock or mutual fund can be turned into cash in your hand in 2 days, so why leave that much money earning nothing? I get about 3 dollars a month in interest!!! LMAO!! I go through THOUSANDS OF DOLLARS some months. In April I went through about 20 thousand in my tax returns, quarterly taxes, credit card bill, payment to Medicare, truck repair and car repair. One night, making out about 20 thousand in bills. You think you got problems. I was frazzled by the time I was done. Quote Link to comment Share on other sites More sharing options...
ArcticCrusher Posted June 7, 2018 Share Posted June 7, 2018 9 hours ago, DriftBusta said: you'd be surprised. lotta old folks keep this ridiculous amount in their checking accounts. unless they need a monthly rolling flow, its dumb. at minimum, put it in money market or cds, any stock or mutual fund can be turned into cash in your hand in 2 days, so why leave that much money earning nothing? Truth there, many of them on fixed incomes and don't need it and just want to give it their kids, so they just let it sit or put it in a GIC, dumb. Redid the MIL's at her request, averaged about 8% for last two years. Local, FA thought I was putting it into something too risky (Global Balanced), and recommended GIC's so I says, "Did I tell you she in no way requires this money so it can grow"? Idiot. Quote Link to comment Share on other sites More sharing options...
ArcticCrusher Posted June 7, 2018 Share Posted June 7, 2018 9 hours ago, f7ben said: That is getting close to very nice. I plan to only pull 4% on my investments when I pull the plug. It would be awesome if it could in something with 0 risk You know you are just preserving at that point, treading water with inflation once taxes are paid and any fees, not really growing anything. Problem is many try to pass that strategy as a safe growth plan when it is not. I look at it this way, if someone has a decent pension, that is already the fixed income portion of one's portfolio, so investments could be subjected to more risk. There really isn't many other options that do not involve risk. Quote Link to comment Share on other sites More sharing options...
f7ben Posted June 7, 2018 Share Posted June 7, 2018 49 minutes ago, ArcticCrusher said: You know you are just preserving at that point, treading water with inflation once taxes are paid and any fees, not really growing anything. Problem is many try to pass that strategy as a safe growth plan when it is not. I look at it this way, if someone has a decent pension, that is already the fixed income portion of one's portfolio, so investments could be subjected to more risk. There really isn't many other options that do not involve risk. I likely wont have any pension ....I'm going to retire early and wont tolerate much risk. 4% withdrawal rate until I get older. Quote Link to comment Share on other sites More sharing options...
DriftBusta Posted June 7, 2018 Share Posted June 7, 2018 58 minutes ago, ArcticCrusher said: Truth there, many of them on fixed incomes and don't need it and just want to give it their kids, so they just let it sit or put it in a GIC, dumb. Redid the MIL's at her request, averaged about 8% for last two years. Local, FA thought I was putting it into something too risky (Global Balanced), and recommended GIC's so I says, "Did I tell you she in no way requires this money so it can grow"? Idiot. exactly. If its not growing at least 2.5-3% its going backwards. We call CD's "certificates of depreciation", I assume thats what your "GIC"s are? Quote Link to comment Share on other sites More sharing options...
ArcticCrusher Posted June 7, 2018 Share Posted June 7, 2018 12 minutes ago, DriftBusta said: exactly. If its not growing at least 2.5-3% its going backwards. We call CD's "certificates of depreciation", I assume thats what your "GIC"s are? Guaranteed Investment Certificate. As shit as shit goes. RevBeta's current holdings. 1 Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member steve from amherst Posted June 7, 2018 Author Platinum Contributing Member Share Posted June 7, 2018 25,241.41 +95.02 (0.38%) Jun 7, 4:20 PM EDT · Disclaimer I see some profit taking tomorrow. Discalimer , Im just a smhuck in a truck. 1 Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member steve from amherst Posted June 8, 2018 Author Platinum Contributing Member Share Posted June 8, 2018 25,316.53 +75.12 (0.30%) Jun 8, 4:50 PM EDT · Disclaimer Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member steve from amherst Posted June 8, 2018 Author Platinum Contributing Member Share Posted June 8, 2018 I prefer my crow baked / stuffed please. Quote Link to comment Share on other sites More sharing options...
revkevsdi Posted June 8, 2018 Share Posted June 8, 2018 40 minutes ago, steve from amherst said: I prefer my crow baked / stuffed please. What do you mean by that? Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member steve from amherst Posted June 8, 2018 Author Platinum Contributing Member Share Posted June 8, 2018 3 posts up Quote Link to comment Share on other sites More sharing options...
Guest Posted June 8, 2018 Share Posted June 8, 2018 I get a kick out of how some on here bash me 'cause I have 155k in my checking account. I told you homo sapiens that I go through a shit-load of money here. That's why I need that much in checking. Besides, do you have ANY idea what I have in my Fidelity account??? If you are worth more than me, then I'll listen. Until then, get bent, go pay your rent. Quote Link to comment Share on other sites More sharing options...
ArcticCrusher Posted June 8, 2018 Share Posted June 8, 2018 1 hour ago, revkevsdi said: What do you mean by that? Self ownage. Quote Link to comment Share on other sites More sharing options...
ArcticCrusher Posted June 8, 2018 Share Posted June 8, 2018 8 minutes ago, Polaris 550 said: I get a kick out of how some on here bash me 'cause I have 155k in my checking account. I told you homo sapiens that I go through a shit-load of money here. That's why I need that much in checking. Besides, do you have ANY idea what I have in my Fidelity account??? If you are worth more than me, then I'll listen. Until then, get bent, go pay your rent. They are just jealous. Quote Link to comment Share on other sites More sharing options...
revkevsdi Posted June 9, 2018 Share Posted June 9, 2018 20 minutes ago, ArcticCrusher said: They are just jealous. We all wish we could be more like 550. The "broads" he's had alone.... Quote Link to comment Share on other sites More sharing options...
NaturallyAspirated Posted June 9, 2018 Share Posted June 9, 2018 31 minutes ago, Polaris 550 said: I get a kick out of how some on here bash me 'cause I have 155k in my checking account. I told you homo sapiens that I go through a shit-load of money here. That's why I need that much in checking. Besides, do you have ANY idea what I have in my Fidelity account??? If you are worth more than me, then I'll listen. Until then, get bent, go pay your rent. Post a screenshot. Neal Quote Link to comment Share on other sites More sharing options...
revkevsdi Posted June 9, 2018 Share Posted June 9, 2018 5 minutes ago, NaturallyAspirated said: Post a screenshot. Neal That should be easy for him. He could prove that in seconds. Quote Link to comment Share on other sites More sharing options...
DriftBusta Posted June 9, 2018 Share Posted June 9, 2018 1 hour ago, revkevsdi said: That should be easy for him. He could prove that in seconds. you wouldn't do it, hell you wouldn't even post a picture of your front door, why expect it of others? Sold a 3.4% FDIC guaranteeed 5 yr. CD today. Pretty damn good rate for an investment backed by the government. Quote Link to comment Share on other sites More sharing options...
ArcticCrusher Posted June 9, 2018 Share Posted June 9, 2018 16 minutes ago, DriftBusta said: you wouldn't do it, hell you wouldn't even post a picture of your front door, why expect it of others? Sold a 3.4% FDIC guaranteeed 5 yr. CD today. Pretty damn good rate for an investment backed by the government. Google glass might just recognize that. 3.4% is RevBeta's dream come true, he just needs to pinch himself first. Except Canadian inflation is at 2.2%, if that is in his passive investments then already that return is cut in half, before any financial fees are considered. Poor poor beta. Quote Link to comment Share on other sites More sharing options...
Guest Posted June 9, 2018 Share Posted June 9, 2018 5 hours ago, ArcticCrusher said: They are just jealous. 4 hours ago, revkevsdi said: We all wish we could be more like 550. The "broads" he's had alone.... Well, yeeah!! 4 hours ago, NaturallyAspirated said: Post a screenshot. Neal I would but I'd be afraid Steve would try to rob me. Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member steve from amherst Posted June 9, 2018 Author Platinum Contributing Member Share Posted June 9, 2018 5 hours ago, Polaris 550 said: Well, yeeah!! I would but I'd be afraid Steve would try to rob me. Im not the one driving by your house. But next time your around stop in and say hello. But be polite and call ahead. That way I have time to wash my cock, we don't want anyone calling you a dirty cocksucker. Quote Link to comment Share on other sites More sharing options...
revkevsdi Posted June 9, 2018 Share Posted June 9, 2018 13 hours ago, DriftBusta said: you wouldn't do it, hell you wouldn't even post a picture of your front door, why expect it of others? Sold a 3.4% FDIC guaranteeed 5 yr. CD today. Pretty damn good rate for an investment backed by the government. There is a difference. 550 cares what you think. Quote Link to comment Share on other sites More sharing options...
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