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Post by cyclist on Aug 19, 2024 10:01:58 GMT -5
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Post by Tarponator on Aug 20, 2024 19:32:29 GMT -5
You recommend a fund with a 1% load and 0.5% cost ratio?
Why not just do an index?
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Post by cyclist on Aug 20, 2024 22:51:34 GMT -5
You recommend a fund with a 1% load and 0.5% cost ratio? Why not just do an index? With fees this outperforms its index.
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Post by ferris1248 on Aug 21, 2024 9:42:14 GMT -5
TJX is moving nicely today.
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Post by mindyabiness on Aug 21, 2024 11:36:11 GMT -5
www.linkedin.com/news/story/payrolls-overestimated-by-30-6169921/www.cnbc.com/2024/08/21/nonfarm-payroll-growth-revised-down-by-818000-labor-department-says.htmlThe U.S. likely added 30% fewer jobs than previously estimated in the year through March, the biggest downward revision since the financial crisis. The reduction in the number of new jobs, by 818,000, indicates the labor market has been cooling for longer than thought. It also probably reflects adjustments for the creation and closure of businesses and how immigration workers are counted, analysts said. Final figures aren’t due until early next year, but the report is apt to color coming interest-rate decisions by the Federal Reserve — and Chair Jerome Powell's remarks on Friday in Jackson Hole, Wyoming. - As part of its preliminary annual benchmark revisions to the nonfarm payroll numbers, the Bureau of Labor Statistics said the actual job growth was nearly 30% less than the initially reported
- The revision to the total payrolls level of -0.5% is the largest since 2009.
- At the sector level, the biggest downward revision came in professional and business services, where job growth was 358,000 less than initially reported
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Post by ferris1248 on Aug 22, 2024 7:04:43 GMT -5
"US stocks were poised to resume gains on Thursday as investors weighed how deeply the Federal Reserve might lower interest rates in September on the eve of a key speech by Chair Jerome Powell."
50 basis points?
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Post by nuevowavo on Aug 22, 2024 13:22:44 GMT -5
I'll say 25 and 25 more each in November and December. They're focused on employment now. New weekly initial jobless claims came in at 232,000 today, which is average. The nonfarm payroll number on Sept. 6 is key.
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Post by ferris1248 on Aug 23, 2024 5:31:42 GMT -5
"Investors poured $37 billion into cash-like money market funds (MMFs) in the week to Wednesday, Bank of America (BAC) said on Friday, as they braced for the US Federal Reserve to cut interest rates in September." "It put MMFs on track for their biggest three-week cumulative inflow since January at $145 billion, BofA said, citing figures from financial data provider EPFR." "Investors put $20.4 billion into stocks, $15.1 billion into bonds, and $1.1 billion into gold, BofA said, in its weekly round up of flows in and out of world markets." "Many fund managers hope rate cuts will lower the returns on MMFs and cause a rush of cash into stocks and bonds." "Yet big investors typically flock to money market funds before the Fed cuts rates, as the range of short-term fixed income securities in the funds means they tend to offer higher returns for longer than short-term Treasury bills." "Rate cuts not a likely spark for equity buying from the $6.2 trillion money market fund (sector)," BofA strategists, led by Jared Woodard, wrote." "History shows the first Fed cut precedes more cash inflows in a 'soft' landing, and bonds the likely winner if 'hard'." finance.yahoo.com/news/investors-rush-money-market-funds-074220206.html
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Post by madm002 on Aug 23, 2024 14:13:07 GMT -5
TJX is moving nicely today. My wife makes sure they are having a good quarter between Homesense and Marshalls.
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Post by madm002 on Aug 23, 2024 14:18:09 GMT -5
You recommend a fund with a 1% load and 0.5% cost ratio? Why not just do an index?
The indexes have been led heavily by 7 stocks that may or may not continue to go up, primarily depending on Nvidias earnings next Wednesday. They are all at very high PE ratios (except maybe Nvidia, Wednesday will tell), and it does not take much to move them negatively. Its possible the indexes may chop around for a bit as the big boys figure out if AI is real or not, while alot of the other stocks have not had big runups and are at PE rations of the mid teens will play catch up. But if you are not into the work, and index is great.
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Post by ferris1248 on Aug 29, 2024 7:57:51 GMT -5
"Regarding certificates of deposit (CDs), Suze Orman and Dave Ramsey, two of the most prominent voices in personal finance, offer contrasting views that reflect their broader financial philosophies. Understanding their perspectives can help individuals decide which approach aligns best with their financial goals and risk tolerance." Suze Orman’s Perspective "Suze Orman advocates for CDs as a secure investment option, particularly in uncertain economic times. She appreciates their safety and predictability, thanks to FDIC insurance and fixed interest rates. Orman suggests CDs can be a smart choice for those looking to protect their capital while earning a modest return, especially when interest rates are favorable." "Earlier this year, she wrote on her blog: "So I need you to listen up because the smartest money move you can make right now is to lock up today's great rates by putting some of your cash savings in certificates that have a one-year to two-year maturity." "She emphasizes that CDs are not a replacement for long-term investments in the stock market but can serve as a stable component of a diversified portfolio. This approach particularly appeals to retirees or those nearing retirement who must safeguard their savings against market volatility." "Orman also warns against using CDs for emergency funds due to their lack of liquidity and potential penalties for early withdrawal. Instead, she recommends them for funds that can be set aside for a specific period, allowing investors to lock in current interest rates before they potentially decline." Dave Ramsey’s Perspective "Dave Ramsey, on the other hand, views CDs as too conservative. He often describes them as “glorified savings accounts” with returns that struggle to keep pace with inflation. He argues that CDs might offer slightly higher interest rates than savings accounts, but they fall short as long-term investment vehicles." "Ramsey encourages individuals to consider higher-yield investments like stocks or mutual funds, which, despite their risks, offer the potential for greater long-term growth. His advice is rooted in the belief that building wealth requires taking calculated risks that CDs simply do not provide." "Ramsey’s approach is particularly geared towards those seeking to maximize their investment returns and are comfortable with the stock market’s volatility. He suggests that CDs might be suitable for short-term savings goals but warns against relying on them for long-term financial growth." The Debate "The debate between Orman and Ramsey on CDs highlights a fundamental difference in investment philosophy. Orman’s advice appeals to those prioritizing security and predictability, especially during economic downturns. Her approach is about safeguarding wealth and ensuring stability." "Ramsey, conversely, focuses on growth and wealth accumulation, advocating for investments that can outpace inflation and provide substantial returns over time." finance.yahoo.com/news/suze-orman-praises-cds-smartest-164521271.html
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Post by richm on Aug 29, 2024 9:35:52 GMT -5
CD rates are in the 4% bracket now. Down from 5%.
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Post by ferris1248 on Aug 29, 2024 10:04:32 GMT -5
Just rolled a 13 month at 5.75% for a 7 month at 4.5%. They are coming down and this will be the last I do for a while, I suspect.
Most of the ones 12/13 months or longer are already below 4%.
I've got some in '25 at 5% or so and a couple in '27 at 4.6% or so.
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Post by madm002 on Aug 29, 2024 13:06:06 GMT -5
I am surprised at the market move today. Nvidia earnings were ok, so it down a bit but everything is up?
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kingme
Junior Member
Posts: 28
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Post by kingme on Aug 31, 2024 19:08:16 GMT -5
I am surprised at the market move today. Nvidia earnings were ok, so it down a bit but everything is up? I bought some at the dip, think I was the only one not having it.
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