Earl E Retyre
Full time employment: Posting here.
- Joined
- Jan 1, 2010
- Messages
- 541
Questions for those who buy a lot of secondary market brokered CDs ...
Is it true that new secondary market brokered CDs can appear at any time throughout the day? I assume whenever someone wants to sell one, they put it up for sale and it shows up immediately. If so, is it just luck of the draw to find new good deals? I cannot see a way on Vanguard or Fidelity sites to notify me when a new brokered CD becomes available.
Also, while there is the capability to do some advanced criteria searches, it is not easy to quickly filter out the deals I am looking for. For example, I want to see all CDs whose yield to worst is at least x% and are either non-callable, callable with a low coupon, or callable with a call date that is at least 2 years out. Since there is no search capability to only show CDs that meet that criteria, there are hundreds of CDs I could have to scan throughout each day. How do you do it?
I have gotten a few good deals on secondary brokered CDs, but don't know if there is a better way to find them other than what I have been doing.
Is it true that new secondary market brokered CDs can appear at any time throughout the day? I assume whenever someone wants to sell one, they put it up for sale and it shows up immediately. If so, is it just luck of the draw to find new good deals? I cannot see a way on Vanguard or Fidelity sites to notify me when a new brokered CD becomes available.
Also, while there is the capability to do some advanced criteria searches, it is not easy to quickly filter out the deals I am looking for. For example, I want to see all CDs whose yield to worst is at least x% and are either non-callable, callable with a low coupon, or callable with a call date that is at least 2 years out. Since there is no search capability to only show CDs that meet that criteria, there are hundreds of CDs I could have to scan throughout each day. How do you do it?
I have gotten a few good deals on secondary brokered CDs, but don't know if there is a better way to find them other than what I have been doing.