dslreports logo
site
 
    All Forums Hot Topics Gallery
spc

spacer




how-to block ads


Search Topic:
uniqs
2337
share rss forum feed

hoyleysox
Premium
join:2003-11-07
Long Beach, CA

1 edit
reply to Zoder

Re: [Rant] A savings acct of 0.75% is now considered high-yield?

Good points, mortgage rates move before savings rates, however, a "good" return on savings rates is relative and subjective. I read today that technical analysts observed a significant flow of $ from treasuries. Curious why the market behaved differently so recently after the fed stated their intent to hold rates steady until 2014.

edits intended for clarity, grammar, punctuation and spelling


Zoder

join:2002-04-16
Miami, FL

Because Treasuries are considered a safety bet. So if investors think the economy is improving they'll sell Treasuries and move their money into investments with higher rates of return.



dvd536
as Mr. Pink as they come
Premium
join:2001-04-27
Phoenix, AZ
kudos:4
reply to nonymous

said by nonymous:

Another boom bust cycle but if dome correctly with enough cash on hand and know how to refurb and rent a house it may be good.

Thats how I make most of my money. buying foreclosed homes, fixing them up and renting them out. not really into flipping houses.


Jackarino
YacCity
Premium
join:2006-12-28
Allendale, NJ
kudos:1

I made a lot of $$ doing that. But this was in 2008



aannoonn

@optonline.net
reply to 08034016

said by 08034016:

Credit Unions give you more like 0,50%-0,75%

My mother's CU gives you 0.1% - »www.affinityfcu.org/site/rates.html


dvd536
as Mr. Pink as they come
Premium
join:2001-04-27
Phoenix, AZ
kudos:4
reply to thegeek

said by thegeek:

My credit union is still paying 2% on balances over $10k. And I get 3.5% on a $100k 12 month CD. And youth CDs are paying 3% max $10k deposit.

Can you lock in that 100K cd rate longer than 12 months?


dvd536
as Mr. Pink as they come
Premium
join:2001-04-27
Phoenix, AZ
kudos:4
reply to Jackarino

said by Jackarino:

I made a lot of $$ doing that. But this was in 2008

With house values in the tank currently those shows like flip this house aren't really doing as good as they make out but it makes for good television entertainment.


Alcohol
Premium
join:2003-05-26
Climax, MI
kudos:4
Reviews:
·Comcast
reply to thegeek

said by thegeek:

And I get 3.5% on a $100k 12 month CD.

Where
--
I found the key to success but somebody changed the lock.


Jackarino
YacCity
Premium
join:2006-12-28
Allendale, NJ
kudos:1

+1



thegeek
Premium
join:2008-02-21
right here
kudos:2
reply to Alcohol

said by Alcohol:

said by thegeek:

And I get 3.5% on a $100k 12 month CD.

Where

i'd tell you but then i'd have to kill you. it'd give away where i live and who i work for.

said by dvd536:

Can you lock in that 100K cd rate longer than 12 months?

i could but the rate isn't any better. that is my emergency shit hits the fan cash and i don't want it tied up for any longer.

Ripperjack

join:2012-01-12
Fredericksburg, TX
reply to StudioTech

That's why I kept my savings account back in Australia active. I'm getting 5.5% to 6% pa, on current Aussie interest rates.



Alcohol
Premium
join:2003-05-26
Climax, MI
kudos:4

Double tax?



AVD
Respice, Adspice, Prospice
Premium
join:2003-02-06
Onion, NJ
kudos:1
reply to Ripperjack

said by Ripperjack:

That's why I kept my savings account back in Australia active. I'm getting 5.5% to 6% pa, on current Aussie interest rates.

then you have exposure to exchange rate fluctuations.
--
--Standard disclaimers apply.--
google this "(sqrt(cos(x))*cos(200*x)+sqrt(abs(x))-0.7)*(4-x*x)^0.01, sqrt(9-x^2), -sqrt(9-x^2)"


cowboyro
Premium
join:2000-10-11
Shelton, CT
reply to StudioTech

Keeping the money in any account that doesn't give over 4% means losing money.
$10,000 today in the bank will be $10,400 in 1 year.
Each extra dollar you get in interest is basically taxed at your marginal rate (for someone who actually has money likely ~30%). $400*0.3=$120 tax.
You'll have $10,280 after tax.
The inflation is hovering around 2.9%. In one year you'll be able to buy what you'd buy today for $9990 using the $10,000 you put in the bank.