Banking

[Adrian @ JB Solutions]

I-bond limited to 10k (online), so that is a negative.

My local credit union has a 4% apy special for 15 months. Plus, I don't think they penalize for early withdrawal. Not as good as I-bonds but local and high deposit limit.

Decisions...

There are a few 9% dividend stocks out there too.

 

[I_squared_r]

This is my strategy to maximize dividends, rewards, interest, etc. I use Capital One for a very long time and never had issues.

Capital One money market is 0.80% (less of a value since CD rates have increased) and I generally keep emergency funds here.
Capital One CD's I've been stacking CD's and opening them as rates have increased. Currently 4% for a 1-year
Capital One credit cards, quicksilver 1.5% all purchases, SavorOne 3% restaurants
Amazon Card 2% gas, 5% amazon
Amazon Store Card I use for 12/18-month 0% financing on larger purchases
TD Ameritrade account, heavy in speculative, ETF's, and VTIP (Vanguard Short Term Inflation Protected). This account has done poorly, but is in line with the indexes. I'm still putting in my 401k, but have shifted investing to CD's. Feeling bearish, but not selling. Maybe start investing again in 2023
Install Capital One shopping add in to Chrome. Cashback on online purchases amounts to maybe $30-$50 a year.
Forget crypto. Down big.
Loans through credit union NFFCU - amazing rates. Much better to use their money and open 4% CD's..

 

[AZMark]

This is my strategy to maximize dividends, rewards, interest, etc. I use Capital One for a very long time and never had issues.

Capital One money market is 0.80% (less of a value since CD rates have increased) and I generally keep emergency funds here.
Capital One CD's I've been stacking CD's and opening them as rates have increased. Currently 4% for a 1-year
Capital One credit cards, quicksilver 1.5% all purchases, SavorOne 3% restaurants
Amazon Card 2% gas, 5% amazon
Amazon Store Card I use for 12/18-month 0% financing on larger purchases
TD Ameritrade account, heavy in speculative, ETF's, and VTIP (Vanguard Short Term Inflation Protected). This account has done poorly, but is in line with the indexes. I'm still putting in my 401k, but have shifted investing to CD's. Feeling bearish, but not selling. Maybe start investing again in 2023
Install Capital One shopping add in to Chrome. Cashback on online purchases amounts to maybe $30-$50 a year.
Forget crypto. Down big.
Loans through credit union NFFCU - amazing rates. Much better to use their money and open 4% CD's..

I think you’re fairly young. Don’t stop investing during downturns. You’ll lose out on a lot of gains by waiting to get back into the market once it’s up.

 

[I_squared_r]

I think you’re fairly young. Don’t stop investing during downturns. You’ll lose out on a lot of gains by waiting to get back into the market once it’s up.

Rather than trying to time the bottom, I'm going to wait for less volatility and a trend upwards, then start investing again. I believe it will happen within the next few months as inflation numbers are improving.

 

[TimW451]

Rather than trying to time the bottom, I'm going to wait for less volatility and a trend upwards, then start investing again. I believe it will happen within the next few months as inflation numbers are improving.

Today was a big day. Inflation down, markets up. Certainly could change tomorrow or next week, but don’t try and time it, or you’ll miss it.

 

[I_squared_r]

Today was a big day. Inflation down, markets up. Certainly could change tomorrow or next week, but don’t try and time it, or you’ll miss it.

People have been saying that since November 2021 and it keeps going down.

 

[AZMark]

Today was a big day. Inflation down, markets up. Certainly could change tomorrow or next week, but don’t try and time it, or you’ll miss it.

I don’t think 5%+ today was warranted or sustainable but you’re right, when markets do change course it happens fast. Today would be half the growth of a pretty good year historically.