Stock Market

[TylerBeer]

Money market funds are still considered a cash asset by your broker. 1 day settlement period for schwab. So totally liquid. After 30 days of holding SWVXX (4.47% currently) in schwab, that amount held goes to your margin balance in a margin account. In a non-margin retirement account you can use finds held as collateral for writing cash secured puts, if you're into options income. SWVXX wont automatically liquidate if you get assigned. I've been visiting the options rabbit hole lol

I think I follow that - nice, thanks

[Dan_AKA_ROY23]

I'm moving all of mine into money market and CD'S.  I'm done with the stock market.

Money markets (ok) but CD's? You're money is in jail, can't withdraw without a penalty. Think that over before you decide...The longer year CD's offer higher interest rate returns but your money is tied up in handcuffs longer. Consider shorter term CD's, lower payouts but money not tied up longer. Maybe look into CD laddering. (not a fan of CD's, there are better ways to invest 'safely')

[ghuns]

Money markets (ok) but CD's? You're money is in jail, can't withdraw without a penalty. Think that over before you decide...The longer year CD's offer higher interest rate returns but your money is tied up in handcuffs longer. Consider shorter term CD's, lower payouts but money not tied up longer. Maybe look into CD laddering. (not a fan of CD's, there are better ways to invest 'safely')

Local smallish credit union was offering 7 month CDs in December and January that pay 5%.

They make a lot of loans to farmers in the spring so they need the cash.

[Del.]

Money markets (ok) but CD's? You're money is in jail, can't withdraw without a penalty. Think that over before you decide...The longer year CD's offer higher interest rate returns but your money is tied up in handcuffs longer. Consider shorter term CD's, lower payouts but money not tied up longer. Maybe look into CD laddering. (not a fan of CD's, there are better ways to invest 'safely')

Right now I don't need to access the money.

[BrianP.]

Right now I don't need to access the money.

Phukin 1 percenter. 

[crazy^millman]

Phukin 1 percenter. 

Majoity of American are 1% to the world.

A recent study found that the level of annual income required for someone to be within the top 1% of earners in the world is a mere $32,400. This translates to an hourly wage of just $15.58, assuming a standard 40 hour workweek and full-time employment.

Since we are talking about those 1% people.

Left Leaning??? Pew Research take

The U.S. still fares very well on that score. On a global scale, the vast majority of Americans are either upper-middle income or high income. And many Americans who are classified as "poor" by the U.S. government would be middle income globally, according to a new Pew Research Center analysis.

[Dan_AKA_ROY23]

Local smallish credit union was offering 7 month CDs in December and January that pay 5%.

They make a lot of loans to farmers in the spring so they need the cash.

7 months at 5%? Excellent deal right there!

[mkd]

I have been practicing the wheel strategy myself here recently. Nice to get 10% return on cash secured puts. I can't get 10% in the bank, so I may as well sell a cash secured put and make some money on my cash. If I get assigned, sell a covered call until the shares get called away. Rinse and repeat. It's been working well for the past couple months.

Here is a really good Google sheet tracker

https://docs.google.com/spreadsheets/d/1yjgas8qNwIghcB-rjMYvwqCwgreW3ZkDkUvH6t9wwZs/edit?usp=drivesdk

You know the drill. Create a copy in your own account.

[YoDoug]

Majoity of American are 1% to the world.


Since we are talking about those 1% people.

Left Leaning??? Pew Research take

This is the scary truth about what the globalist billionaires want to change. All that money concentrated in the American middle class is not good for them. Each person can only consume so much goods. They want to transfer that money to the worlds poor so they can consume more, and as a result increase the wealth of the top billionaires. Our politicians, both left and right, have sold out to this. Probably for a promise that they get to keep their little piece of the pie and keep getting elected.

[YoDoug]

I'm not so sure they want to transfer to the worlds poor.
Africa....for 40 years they keep running TV ads about clean water and poverty.
IF they wanted to sort it, they could have done it 30 years ago....
I think they want the middle class money (ie strip everyone of it)  to bring reliance upon the state.
And from reliance, = enslavement.

Only reliance in respects to their wealth. If they had to sacrifice wealth to make us reliant they would not. Reliance is the measure to ensure there is no challenge to their power/wealth.

[Del.]

Market bombing again today. Glad I got out.

[mkd]

Market bombing again today. Glad I got out.

They say time in the market is better than timing the market. Seems like you do well timing the getting out part. Statistically, people end up not getting back in before a recovery, and end up buying back at a peak.
 Hope youre in Bonds and Money Market which are now competing with equities.

[Del.]

They say time in the market is better than timing the market. Seems like you do well timing the getting out part. Statistically, people end up not getting back in before a recovery, and end up buying back at a peak.
 Hope youre in Bonds and Money Market which are now competing with equities.

I'm 65 and happy to just make 5%. I've gotten out twice on instinct and it paid off. I knew to get out when market hit almost 37000 , and i said to myself I don't think it will ever go higher and I was right but made huge mistake not following through. As everyone else I lost profits   

I still feel we are one world event away from disaster. Just don't know when. 

[Del.]

Dow to open down 600 this morning.

[JParis]

Dow to open down 600 this morning.

Nothing to see here.

All is well - Joe Biden - 03/12-2023