Did the Pentagon FCU drop its rates?

[Bob_Smith]

Quote:

Originally Posted by jazz4cash OK if you guys say so, but sounds a bit more complicated than "a single phone call" that JG mentioned. Im probably just outta my league on this one.

Hi jazz4cash. I don't know about a single call. I suppose some could do it that simply if they already had a relationship established. My Dad is one, although he prefers face-to-face meetings. I would have no doubt that JG is another.

I have watched my father operate for years. He can go in and cut a deal like that and make a lifelong friend in the process. Someone else can go in, pay full freight, and piss 'em off in the process. There's a certain panache required to do it well. Growing up I had a ringside seat watching a master.

[Mr._johngalt]

Quote:

Originally Posted by Bob_Smith I have watched my father operate for years. He can go in and cut a deal like that and make a lifelong friend in the process. Someone else can go in, pay full freight, and piss 'em off in the process. There's a certain panache required to do it well. Growing up I had a ringside seat watching a master.

I usually get what I want, and sometimes I make a friend. OTOH,
I sometimes "piss 'em off." In my case, I bump into a lot of folks
who can't take much confrontation/negotiation, which of course I thrive on.
When that happens we just have to disassociate as no forward progress
is possible. When I find someone who enjoys the give and take, then
the process can be enjoyable for both sides and that's when the
friends are made.


JG

[Mr._johngalt]

Quote:

Originally Posted by cyclone6 Brewer - I agree about the bond market. Seems everyone is counting on a recession next year (that housing market is looking really ugly - http://www.buildingonline.com/news/v...ubcategory=127). So the next question begs...put new found money in the market now while its still running up, or wait in MMs and CDs until we see what happens?

I looked all over God's green pea patch for some kind of a bond
that would be attractive to me. Nothing. Thus, I went with the
"MMs and CDs until we see what happens" approach.

JG

[brewer12345]

Quote:

Originally Posted by cyclone6 So the next question begs...put new found money in the market now while its still running up, or wait in MMs and CDs until we see what happens?

Hard to tell. I think that housing will be a lot worse than the market seems to be pricing in, but it is hard to tell how much that will spill over into the general economy. If there is no big spill-over, or the general economy doesn't worsen independently, it will amount to just slightly slower growth.

So if you are an asset allocator, make sure you are comfy with the risk embedded in your current allocation and rebalance now that things have run up. If you are a stock picker/dirty market timer, "be fearful when other s are greedy and greedy when others are fearful."

[Mr._johngalt]

Quote:

Originally Posted by Mr._johngalt I usually get what I want, and sometimes I make a friend. OTOH, I sometimes "piss 'em off." In my case, I bump into a lot of folks who can't take much confrontation/negotiation, which of course I thrive on. When that happens we just have to disassociate as no forward progress is possible. When I find someone who enjoys the give and take, then the process can be enjoyable for both sides and that's when the friends are made. JG

A little "galting" if you will permit me. I read about a guy once who would
go to car dealers on weekends just to negotiate, with no intention
of ever buying anything. It was recreation. Now, I suspected most folks would think this was nuts and I would never do it myself. However, I understood
the concept.

JG

[d]

Quote:

A bank MMF over 5.1%.......wow! Care to offer specific details?

see fatwallet at:
for MMAs:
http://www.fatwallet.com/t/52/437553/
for CDs:
http://www.fatwallet.com/t/52/320690/
also see bankdeals:
http://bankdeals.blogspot.com/

vanguard MMP is at 5.21% (comparable APY)