John Galt III
Thinks s/he gets paid by the post
- Joined
- Oct 19, 2008
- Messages
- 2,803
Just bought a few grand of a 5 year 4.85 % callable CD at Vanguard. Will cancel it if a comparable non callable version pops up.
I’m waiting for Vanguard to approve my link to Utah First Credit Union so that I can open up my 5% 22 month CD, but now I’m wondering if it makes sense to hold off for a better rate. I’m not thrilled with Vanguard at the moment. They won’t let me send money to a bank account until almost two weeks after I add it to my account. Pretty ridiculous.
So buy some now, and if it goes higher buy some more. Folks really need to stop playing for the last tenth of a percent. Come on, where have rates been the past 10 years? Now you're pussyfooting because 5% isn't good enough? It's laughable if you think about it.
I would if I could but Vanguard has my money hostage and won’t let me send it to Utah First for another week or so.
FWIW, I was talking with my Fidelity guy this morning and he said their money market, FZDXX, should be around 4.25% next week. It's about 3.8% now, so that's interesting.
Just now I bought secondary market, 8 month 6.5%. It is callable Feb 28, but coupon is 3.1%, so they likely won't be calling. However, if they do call, because I purchased at 97.6, yield jumps to 15.4% for the 2.5 months.
Just now I bought secondary market, 8 month 6.5%. It is callable Feb 28, but coupon is 3.1%, so they likely won't be calling. However, if they do call, because I purchased at 97.6, yield jumps to 15.4% for the 2.5 months.
Wow, NJ, that's the way to do it! They call, you win ! It was a CD, not a bond ?
They filled it at $0.10 more than your limit? Hmmm.
$1 commission per 1000?
Yes - JPM 46593LFA2
I see it's Fidelity. And I presume limit orders.Where are you buying these? Are you placing limit orders for specific issues? Nothing like what you and Freedom are buying ever shows up on Schwab's offerings..
Listening to Powell’s speech today, he seems to think yeah get to over 5% first half next year and stay there for a long time due to the very tight labor market. He talks like the 5% fed rate could last into the following year. They revise this outlook every Fed meeting. Next meeting is in February.
So the outlook above would be for a MM fund like FZDXX, not for 3-5 year bonds which respond more to economic outlook.
I see it's Fidelity. And I presume limit orders.
My question is what's the ratio between filled orders and unfilled? IOW, do you place a boatload of limit orders?
No availability on SchwabYes - JPM 46593LFA2
No availability on Schwab
While it might be that anything with an ask sold out, it is frustrating that it seems that sometimes that some brokerages have some and others don't.
Same question as Lawman, how are you finding these rates? I check Schwab twice daily but never see anything this good.
I did try the process of finding a bond on the FINRA site, calling the bond desk, and trying to place an order. I wanted to place a limit order but was told they can’t do that. They would attempt to fill an order and would call back by the end of the day. They did call back, only to tell me the order couldn’t be filled.
Secondary market CD orders come and go, sometimes quickly. If there is a good price, it will certainly go quicker once someone finds it.
Fidelity still has this one, though obviously the price is not as good as what I got it for earlier.