Join Early Retirement Today
Reply
 
Thread Tools Search this Thread Display Modes
CD Investing
Old 10-01-2008, 06:53 AM   #1
Recycles dryer sheets
boots's Avatar
 
Join Date: Dec 2003
Posts: 55
CD Investing

check this out
Bank CD, High-Yield Savings Account - MoneyAisle
__________________

__________________
Money makes money and the money that makes money makes more money
-Benjamin Franklin-
boots is offline   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that Early-Retirement.org is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!

Old 10-01-2008, 06:57 AM   #2
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
REWahoo's Avatar
 
Join Date: Jun 2002
Location: Texas Hill Country
Posts: 42,119
Someone started a thread discussing this a couple of days ago: Get banks to bid on your money
__________________

__________________
Numbers is hard

When I hit 70, it hit back

Retired in 2005 at age 58, no pension
REWahoo is offline   Reply With Quote
Old 10-01-2008, 07:02 AM   #3
Recycles dryer sheets
boots's Avatar
 
Join Date: Dec 2003
Posts: 55
Thanks I was looking for input I must have missed that post ?
__________________
Money makes money and the money that makes money makes more money
-Benjamin Franklin-
boots is offline   Reply With Quote
Old 10-01-2008, 07:55 PM   #4
Thinks s/he gets paid by the post
 
Join Date: Aug 2004
Location: Laurel, MD
Posts: 2,951
I found this the other day but the 'test drive' feature crashes when it starts to load. They promoted it on CNBC yesterday. I tried the test drive again today and its still crashing. Anybody get this feature to work?
__________________
jazz4cash is offline   Reply With Quote
Old 10-01-2008, 09:59 PM   #5
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
cute fuzzy bunny's Avatar
 
Join Date: Dec 2003
Location: Losing my whump
Posts: 22,697
Hmm, if they cant make their web site work effectively after getting publicized to the perfect national audience, I'd be a little concerned about sending them money.
__________________
Be fearful when others are greedy, and greedy when others are fearful. Just another form of "buy low, sell high" for those who have trouble with things. This rule is not universal. Do not buy a 1973 Pinto because everyone else is afraid of it.
cute fuzzy bunny is offline   Reply With Quote
Old 10-01-2008, 10:12 PM   #6
Thinks s/he gets paid by the post
growing_older's Avatar
 
Join Date: Jun 2007
Posts: 2,608
I ran the test drive and it was about the same result as bankrate.com
WaMu (now Chase) has a killer 5% CD that beats all these offers.
__________________
growing_older is offline   Reply With Quote
Old 10-01-2008, 10:22 PM   #7
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
cute fuzzy bunny's Avatar
 
Join Date: Dec 2003
Location: Losing my whump
Posts: 22,697
I hear penfed has 5% 3,4,5, and 7 year cd's right now...

Might be a good time to start a little ladder.
__________________
Be fearful when others are greedy, and greedy when others are fearful. Just another form of "buy low, sell high" for those who have trouble with things. This rule is not universal. Do not buy a 1973 Pinto because everyone else is afraid of it.
cute fuzzy bunny is offline   Reply With Quote
Old 10-01-2008, 10:45 PM   #8
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
harley's Avatar
 
Join Date: May 2008
Location: Following the nice weather
Posts: 6,430
Quote:
Originally Posted by cute fuzzy bunny View Post
I hear penfed has 5% 3,4,5, and 7 year cd's right now...

Might be a good time to start a little ladder.
I'm not sure about that. I suspect that in a couple of years you might be able to pick up one of those nice 15.75% CDs like I had back in the early 80s.

Of course back then I was paying 13.5% on my mortgage.
__________________
"Good judgment comes from experience. Experience comes from bad judgement." - Will Rogers, or maybe Sam Clemens
DW and I - FIREd at 50 (7/06), living off assets
harley is offline   Reply With Quote
Old 10-01-2008, 10:56 PM   #9
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
cute fuzzy bunny's Avatar
 
Join Date: Dec 2003
Location: Losing my whump
Posts: 22,697
I'd have no trouble taking the minute loss of interest involved in cashing in those 5% cd's for some 15.75% ones. Maybe even the 15.5% versions.

If I didnt have a cd ladder (and I wanted one), I think I'd at least load up on the 3 and 4 year versions for now. You can always change your mind later if something considerably better comes along.

As a side hint, penfed usually offers these sorts of sudden deals when they're about to do something on the other end of the balance sheet like offer a good rate on helocs or mortgages. They need to bring in some deposits first. You know, the old fashioned way?
__________________
Be fearful when others are greedy, and greedy when others are fearful. Just another form of "buy low, sell high" for those who have trouble with things. This rule is not universal. Do not buy a 1973 Pinto because everyone else is afraid of it.
cute fuzzy bunny is offline   Reply With Quote
Old 10-02-2008, 07:18 AM   #10
Thinks s/he gets paid by the post
2B's Avatar
 
Join Date: Mar 2006
Location: Houston
Posts: 4,330
Quote:
Originally Posted by cute fuzzy bunny View Post
If I didnt have a cd ladder (and I wanted one), I think I'd at least load up on the 3 and 4 year versions for now. You can always change your mind later if something considerably better comes along.
In a brokered CD you have to sell on the secondary market. Cashing in isn't apparently an option. I've picked up some very distressed priced CDs where I got up to an extra 1% on comparable "new" CDs.

I like CDs for my fixed income because of the FDIC insurance. I also keep things short in the current market. I don't have anything over 2 years. Nominal one year CDs seem to be available now at 3.8 to 4%. Brokered CDs don't get to take advantage of special deals banks run to attract retail customers. They know brokered CD buyers will leave for the best rate when their CD matures. Retail customers tend to stay around and renew them at lower rates.

Speaking of risk and reward, one of my closed end preferred funds has temporarily (I hope) suspended their dividend. They indicate that they should be resuming it "shortly" and pay the one skipped / delayed. All of them have fallen significantly and sell for 20 to 30% discount to NAV but until now the dividends have kept on coming without any major shifts.
__________________
The object of life is not to be on the side of the majority, but to escape finding oneself in the ranks of the insane -- Marcus Aurelius
2B is offline   Reply With Quote
Old 10-02-2008, 08:24 AM   #11
Thinks s/he gets paid by the post
OAG's Avatar
 
Join Date: Jun 2006
Location: Central, Ohio, USA
Posts: 2,598
I buy long term FDIC CD's and it has worked out fine (I was sorry to see my 8% Capital One CD mature a couple of years ago (10 year term ended)). Currently have 6% and 6.25% out to as much as 2014. Nice to see my LOWEST CD is currently paying 5% now. Of course APY 5.4% is currently available at Capital One (for me it is the right term, 7 and 10 years). Nice thing about Capital One is CD's redeemed early are subjected to a 6 month interest penalty even on the long term ones; while PENFED charges 1 year on longer term CD's. Kind of a mute point as I have not redeemed any early yet.
__________________

__________________
Vietnam Veteran, CW4 USA, Retired 1979
OAG is offline   Reply With Quote
Reply


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Value Investing Arif FIRE and Money 6 04-26-2016 07:01 PM
Investing? bkoguy07 FIRE and Money 13 12-26-2007 12:31 PM
I know nothing about investing... madrone FIRE and Money 10 08-26-2005 05:17 PM
Investing Seeker FIRE and Money 10 09-26-2003 05:13 PM

 

 
All times are GMT -6. The time now is 07:35 AM.
 
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2017, vBulletin Solutions, Inc.