Money Investing megathread extravaganza - Page 873

**DaFace** · 06:35 PM

A place to talk about investing stuff.

**DaFace** · 12-22-2022, 01:34 PM

As another option, Vanguard (and a lot of other places) now have "robo advisors" that basically let you tell them what you want to accomplish and then algorithmically adjust your portfolio accordingly. I personally think that index funds (or target date funds) are just about as simple and cost less, but that's another route that simplifies the process.

**Rain Man** · 12-22-2022, 01:39 PM

Quote:

Originally Posted by BWillie

I'm putting 750k into a 4.35% Ally CD.

This is the part you guys tell me how stupid I am.

Seems like a good deal to me. No risk. I dont have to pay a financial advisor to potentially lose money for me and I dont have to do.....anything. Thats the best part. 33k to sit on my ass. Sold.

My in-laws did something back in the 1980s that I thought was pretty smart. When inflation spiked in early 1980s they put a bunch of money into long-term CD ladders. Then inflation went down and for 10+ years they were getting something like 8 percent risk-free on their investment returns in 3 percent inflation. I'm trying to figure out when they peak so I can do the same now. That's the key to success.

Hog's Gone Fishin · 12-22-2022, 01:49 PM

Quote:

Originally Posted by DaFace

As another option, Vanguard (and a lot of other places) now have "robo advisors" that basically let you tell them what you want to accomplish and then algorithmically adjust your portfolio accordingly. I personally think that index funds (or target date funds) are just about as simple and cost less, but that's another route that simplifies the process.

I wonder what it would do if you told them you want 20% returns daily.

**Rain Man** · 12-22-2022, 01:56 PM

Quote:

Originally Posted by Hog's Gone Fishin

I wonder what it would do if you told them you want 20% returns daily.

https://www.chiefsplanet.com/BB/showthread.php?t=346603

**DaFace** · 12-22-2022, 01:58 PM

Quote:

Originally Posted by Hog's Gone Fishin

I wonder what it would do if you told them you want 20% returns daily.

**Buehler445** · 12-22-2022, 05:19 PM

Quote:

Originally Posted by Rain Man

My in-laws did something back in the 1980s that I thought was pretty smart. When inflation spiked in early 1980s they put a bunch of money into long-term CD ladders. Then inflation went down and for 10+ years they were getting something like 8 percent risk-free on their investment returns in 3 percent inflation. I'm trying to figure out when they peak so I can do the same now. That's the key to success.

My FIL came to me in 2015 and asked me what I thought he should do with some money. Of course this was out of the blue with no associated detail. So I was like, "uhhh... What money are we talking about?"

Oh back in the 80's I put some money in a 15% CD and it's coming out now...

My ****ing brain exploded all over my damned basement.

WTF? 15%? If anyone took a picture of my face I'm sure it'd be a meme today.

I'm trying to remember. I think I told him to pay off all debt.... Don't have any... Well, I'd stick it in an ETF.

So I had to ask him how the hell he got a CD a 15%. Like ****ing seriously. He said, yeah, I scraped together every nickel I could scrounge and stuffed it in there. I needed the money (obviously he didn't - see the no debt comment), but I didn't figure I could get 15% on the farm (I think he did but he isn't doing any math and I didn't argue).

15%.....

HonestChieffan · 12-22-2022, 06:47 PM

Quote:

Originally Posted by Buehler445

My FIL came to me in 2015 and asked me what I thought he should do with some money. Of course this was out of the blue with no associated detail. So I was like, "uhhh... What money are we talking about?"

Oh back in the 80's I put some money in a 15% CD and it's coming out now...

My ****ing brain exploded all over my damned basement.

WTF? 15%? If anyone took a picture of my face I'm sure it'd be a meme today.

I'm trying to remember. I think I told him to pay off all debt.... Don't have any... Well, I'd stick it in an ETF.

So I had to ask him how the hell he got a CD a 15%. Like ****ing seriously. He said, yeah, I scraped together every nickel I could scrounge and stuffed it in there. I needed the money (obviously he didn't - see the no debt comment), but I didn't figure I could get 15% on the farm (I think he did but he isn't doing any math and I didn't argue).

15%.....

I was living in Denver, my son was a baby (41 now) And I got a check from the company for moving expenses a couple months before. I called the broker I had an account with and said I had a few grand to sock away. He said call your bank...I stoped at bank that afternoon and got a 12 mo CD for 16.5%

That year, operating loans from Farm credit hit a max of 22% for a few days, most operating loans were 15-17%

Jimmy Carter was President.

**Rain Man** · 12-22-2022, 07:41 PM

Quote:

Originally Posted by Buehler445

My FIL came to me in 2015 and asked me what I thought he should do with some money. Of course this was out of the blue with no associated detail. So I was like, "uhhh... What money are we talking about?"

Oh back in the 80's I put some money in a 15% CD and it's coming out now...

My ****ing brain exploded all over my damned basement.

WTF? 15%? If anyone took a picture of my face I'm sure it'd be a meme today.

I'm trying to remember. I think I told him to pay off all debt.... Don't have any... Well, I'd stick it in an ETF.

So I had to ask him how the hell he got a CD a 15%. Like ****ing seriously. He said, yeah, I scraped together every nickel I could scrounge and stuffed it in there. I needed the money (obviously he didn't - see the no debt comment), but I didn't figure I could get 15% on the farm (I think he did but he isn't doing any math and I didn't argue).

15%.....

Times of change are times of opportunity. In all seriousness, it seems like a 99.9 percent winner to buy some long-term CDs now if we can get 5 percent or more. It seems like the Fed is really intent on getting inflation back down to 2 percent or so. Right?

**Buehler445** · 12-22-2022, 08:28 PM

Quote:

Originally Posted by Rain Man

Times of change are times of opportunity. In all seriousness, it seems like a 99.9 percent winner to buy some long-term CDs now if we can get 5 percent or more. It seems like the Fed is really intent on getting inflation back down to 2 percent or so. Right?

Not currently.

From what I've read they're planning on raising it again. I saw a headline (admittedly didn't read the article) that inflation is over and the fed is dumb for continuing to raise it.

I read somewhere that the Fed Chairman like worships at the alter of Volker, so who knows.

BWillie · 12-22-2022, 11:21 PM

Quote:

Originally Posted by Rain Man

Times of change are times of opportunity. In all seriousness, it seems like a 99.9 percent winner to buy some long-term CDs now if we can get 5 percent or more. It seems like the Fed is really intent on getting inflation back down to 2 percent or so. Right?

Where can I get 5%?

**Buehler445** · 12-22-2022, 11:23 PM

Quote:

Originally Posted by BWillie

Where can I get 5%?

One of my local banks has a MMSA at I think 4.

Typically if you lock it up longer they'll give you a higher rate. Asking about multi-year CDs and it can probably get you there.

myselff77 · 12-23-2022, 12:04 PM

Anyone been tucking any money into I bonds the last year?

ChiefChoop · 12-23-2022, 12:11 PM

Quote:

Originally Posted by myselff77

Anyone been tucking any money into I bonds the last year?

Yes

myselff77 · 12-23-2022, 01:34 PM

Quote:

Originally Posted by lewdog

This is a useful link for calculating what you'll have saved for retirement (at what age you choose) and can be used to predict how long your money may last. You can manipulate variables to see how much you should be contributing, what you plan to live on in retirement and how you'll need to adjust if you're behind your goals.

https://www.nerdwallet.com/investing...ent-calculator

I always worry I do not save enough to retirement, but whenever I play around with these calculators, it makes it appear I am in good shape. I don't think I've done anything special. I have contributed to the 401k for over 20 years beginning straight out of college. It goes to a handful of funds and I pretty much keep eyes off it. I started at 6% because of a company match to that point and would raise it a percentage or two whenever I received a raise. I now direct 18% of my salary to the 401k and opened a RothIRA two years ago.

So, I hope these calculators are correct, but I guess time will tell. Anyone willing to share percentages they direct towards retirement savings accounts?

Hog's Gone Fishin · 12-23-2022, 02:18 PM

Ain't no friggin way I'd tie up money for 5% a YEAR.

Or even 50% a year

Not if you have time to trade.

06-27-2016, 11:23 AM
DaFace Kind of a mod Join Date: Aug 2005 Location: Donkey Land Casino cash: $-1633101	Investing megathread extravaganza A place to talk about investing stuff. Last edited by DaFace; 02-19-2021 at 06:35 PM..
Posts: 53,117

12-22-2022, 01:34 PM	#13081
DaFace Kind of a mod Join Date: Aug 2005 Location: Donkey Land Casino cash: $-1633101	As another option, Vanguard (and a lot of other places) now have "robo advisors" that basically let you tell them what you want to accomplish and then algorithmically adjust your portfolio accordingly. I personally think that index funds (or target date funds) are just about as simple and cost less, but that's another route that simplifies the process.
Posts: 53,117

12-23-2022, 12:04 PM	#13092
myselff77 Starter Join Date: Aug 2019 Casino cash: $860000	Anyone been tucking any money into I bonds the last year?
Posts: 638

12-23-2022, 02:18 PM	#13095
Hog's Gone Fishin Fish are scared of me Join Date: Nov 2001 Casino cash: $-1419523	Ain't no friggin way I'd tie up money for 5% a YEAR. Or even 50% a year Not if you have time to trade.
Posts: 40,645