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Post by johngalt on Jan 28, 2024 10:26:11 GMT -5
Cutting interest rates would be a terrible move. Not until there is significant debt reduction and spending. If anything the rate should go up some more. As far as going into a recession or not; the elephant in the room is the amount of credit card debt.
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Post by whitebacon on Jan 28, 2024 12:11:20 GMT -5
I've read some of Barraud's comments in the past and I can't disagree. ( not that I would. It's his world and he knows far more than I ever will.) I've been pleasantly surprised the last 6 or 7 months. To the point I've wondered about my conservative strategy. That said, I'm comfortable getting 6 or 7% with little risk to my principal. Just had a CD mature. Put into a 5 year annuity (5.75%), compounded and no tax liability till maturity. Annuity?!?!?!?! You of all people!!!!! The upfront commission you don't feel or see is relative to grand theft. The five years is a cushion for the insurance compamy in case the market shits the bed one year. I know you're getting older and cautious......but you can get 5% in a MM and get your money in seconds if needed. Go find a AAA muni bond fund and if rates drop like you expect you might bank 10-20% growth and not pay taxes on the income stream they pay you in the mean time. You're welcome.
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Post by ferris1248 on Jan 29, 2024 6:35:15 GMT -5
I've 3 annuities of varying sizes and lengths. They only represent about 8% of my total investments. More of a hedge than anything else.
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Post by johngalt on Jan 29, 2024 9:23:58 GMT -5
I've 3 annuities of varying sizes and lengths. They only represent about 8% of my total investments. More of a hedge than anything else. My advice is Plastics. That’s the future young man. 😉
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Post by ferris1248 on Jan 29, 2024 9:24:53 GMT -5
I've 3 annuities of varying sizes and lengths. They only represent about 8% of my total investments. More of a hedge than anything else. My advice is Plastics. That’s the future young man. 😉 You should of told me that when I was a young man.
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Post by ferris1248 on Jan 29, 2024 9:25:54 GMT -5
I can't remember when I saw the VIX this low. In the 13s.
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Post by nuevowavo on Jan 29, 2024 15:02:04 GMT -5
I truly believe that the Fed does not consider politics when planning rate moves. I've watched them for a living for 30 years and it was never even debated by bond market participants.
I truly believe in unicorns and that all the 20 year olds I kick out of bed at daylight really love me. $35 trillion in the hole requires manageable rates for debt service. But I keep forgetting you skipped class the day they taught price theory.
"Price theory?" What does supply and demand have to do with "manageable rates for debt service"? And what does any of it have to do politics' influence on Fed actions? You can wait until you sober up and that 20 year old boy heads home to answer.
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Post by whitebacon on Jan 29, 2024 18:30:59 GMT -5
I'm being calm. So there's that.
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Post by ferris1248 on Jan 29, 2024 19:26:32 GMT -5
I'm being calm. So there's that. It's early. 😀
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Post by richm on Jan 29, 2024 21:09:36 GMT -5
I can't remember when I saw the VIX this low. In the 13s. Can we buy the vix or is it only for the puts snd such? Buy low sell high…
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Post by whitebacon on Jan 30, 2024 1:53:07 GMT -5
I can't remember when I saw the VIX this low. In the 13s. Can we buy the vix or is it only for the puts snd such? Buy low sell high… You can buy the VIX. Its kinda like gambling. Now try something less complex. Lets pretend you shop. Like at Walmart. Go find the best selling item at Walmart. Then go buy shares in that company. Timing is crucial. So don't get twitchy fingers. The difference between 2% and 2000% is minutes and seconds. But don't try to tine the market. Peter Lynch saw that a new Tampax factory was being built. He bought stock in that company. It ain't rocket science.
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Post by whitebacon on Jan 30, 2024 1:58:25 GMT -5
I can't remember when I saw the VIX this low. In the 13s. Can we buy the vix or is it only for the puts snd such? Buy low sell high… I will give you a freebie. Grow a sack of courage and sell covered calls. Its like 10% a month to savvy investors, with zero risk. You're welcome.
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Post by ferris1248 on Jan 30, 2024 6:42:50 GMT -5
Too risky for me.
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Post by madm002 on Jan 30, 2024 7:43:06 GMT -5
Can we buy the vix or is it only for the puts snd such? Buy low sell high… I will give you a freebie. Grow a sack of courage and sell covered calls. Its like 10% a month to savvy investors, with zero risk. You're welcome. Good strategy but works best in times of volatility, more option premium.
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Post by johngalt on Jan 30, 2024 8:42:29 GMT -5
Food, energy and women’s apparel. You can’t go wrong. No matter how bad the economy gets, you need those three things to survive. 😉 PM me if you need anymore investment advice. 😎
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