Quote :

"I've been harping about russia but got too complacent and bought calls last week anyway "

Good for you for owning it.

2/15/2022 6:25:51 PM

I know I'm late AF but anyone else looking at commodities as a hedge against inflation?

What are we buying, my G's?

2/25/2022 11:15:13 AM

VTSAX and Series I Savings Bonds

2/25/2022 3:23:41 PM

SPY and Series I Savings Bonds

3/3/2022 4:24:42 PM

^Good call!

3/3/2022 9:51:03 PM

Quote :

"Paypal"

Good call, dude. I hope that was play money and / or a very quick turnaround. Otherwise, RIP for now.

4/30/2022 9:59:16 AM

Quote :

"I hope that was play money and / or a very quick turnaround."

Looking at the 5 year on PYPL. Brutal!

You know it's about to get ugly when FINRA is "seeking comment on measures that could prevent or restrict investors from buying a broad range of public securities designated as “complex products”—which could include the leveraged and inverse funds offered by ProShares."

FINRA be like... "We're protecting you from yourself!" ie; Can't have commoners profiting when the market shits the bed!

Comment period ends 05/09/2022.

https://www.finra.org/rules-guidance/notices/22-08

https://www.proshares.com/globalassets/proshares/documents/resources/leteveryoneinvest_1.pdf

5/4/2022 3:52:52 AM

Quote :

"...and Series I Savings Bonds"

Wow, these bonds look really attractive provided govt doesn't go tits up. Just want to make sure I'm understanding correctly...

I buy a $10,000 bond and earn 9.6% interest MONTHLY?!

5/8/2022 12:48:34 PM

They're good right now, but not THAT good.

If you buy now, you will get a 9.62% annualized (not monthly) return for a period of a rolling 6 months. The rate will change in 6 months with official announcement in November, but able to be precisely predicted in October. April was a good time to buy, because you could have locked in 7.12% for 6 months followed by 9.62% for 6 months. The November rate is currently unknown. Could be higher, or could be lower. Hopefully lower, because that means inflation is getting under control. You must keep the bonds for a full year, and the after that if you redeem before 5 years, you surrender the final 3 months worth of interest (less problematic when inflation is low). You can buy up to $10,000 annually per person, so if you have a spouse, that's $20,000 per year. The bonds can be held up to 30 years. Federal taxes on the interest can be deferred until the year of redemption. Interest is state tax free, and totally free if used to fund qualifying educational expenses.

5/8/2022 5:04:33 PM

The Coz will you be my financial advisor and put my money in good places?

5/9/2022 5:14:49 AM

No, I am not licensed for such and don't want to be blamed for declines in account value during the normal business cycle, but I will recommend you good resources for the price of FREE. There is typically no need to pay a financial advisor if you are willing to take on the minimal effort to educate yourself. They just skim off the top anyway.

5/9/2022 6:20:44 AM

^3 Thanks for taking the time to explain The Coz. You the real MVP!

[Edited on May 10, 2022 at 11:01 AM. Reason : space pwnt]

5/10/2022 11:00:54 AM

Anytime. Sorry bout the space.

Another thing that can take a while to grasp is that they change the interest rates twice a year, but if you buy within any window, you get the current rate for 6 months, even if you buy during the last month at which that particular rate is current. Your rate changes based on the month you buy, and could be up to 5 months out of phase with the official rate change announcements.

Also, a "trick" is that if you buy late in the month, you get credit for the full month of interest, allowing you to double up for about 25 days or so if you are earning non-zero interest in a savings account up to the actual date of purchase. For example, buy on May 30 and you are credited with having bought on May 1. This counts toward your interest, duration of holding, etc.

5/10/2022 2:24:01 PM