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#14101 |
Seize life. Be an ermine.
Join Date: Jul 2001
Location: My house
Casino cash: $1498491
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With multiple subscriptions, I'll throw in a free football phone.
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Active fan of the greatest team in NFL history. |
Posts: 143,090
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#14102 |
Seize life. Be an ermine.
Join Date: Jul 2001
Location: My house
Casino cash: $1498491
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Okay, lesson learned here. I bought a ton of long-term CDs when they were offering rates of 5+ percent. We're talking 5, 10, and even a few 20-year CDs. I've been looking at income projections and for some reason my fixed-income projections are declining, which should not be happening.
I went into my messaging, and the stupid banks are calling my CDs left and right. So I took a lower rate a year or two ago to lock in long-term rates, and now the banks aren't going to honor them. They've giving me my money back since I made a good call. Screw bank CDs going forward. I'm not going to buy any for more a 3-month or 6-month term. And yeah, I knew they were callable when I bought them, but I didn't know what the likelihood of that was. I figured it would have to be some sort of cash crunch to do it. But no. The banks baited me into giving them money and now they're screwing me over. I repeat: screw bank CDs going forward. I hope at least a few of them will honor their promise.
__________________
Active fan of the greatest team in NFL history. |
Posts: 143,090
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