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Misc Stock Market

Jimmy Hypocracy said:
Kylo I’ve got about 15k sitting in savings that I just found out is only drawing 0.2%…fail…should I put it into a Money Market? Pros and cons?
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why not do t-bills at 5.40% think the 4 week auction and 8 week is tomorrow and the 3 month is mar 5th( diamondnestegg on youtube has some great videos on how to buy from the top brokers ie fidelity)

treasury direct has the i series bonds 5.27 locked for 6months and then falls to the current rate i believe atm 4%
we bought some back in the beginning of 2022 or 2023 rate was 9% then fell to 6% (i series are locked in for 1 yr and your limited to 10k per ss# in your household, and if you close before 5yrs they take back the last 3 months of interest)
 
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Jimmy Hypocracy said:
Kylo I’ve got about 15k sitting in savings that I just found out is only drawing 0.2%…fail…should I put it into a Money Market? Pros and cons?
Click to expand...
Fidelity brokerage pays 5% right now on non invested cash (puts in SPAXX which is basically short term treasuries).

Discover savings pays 4% and did have a sign up bonus of like $250 if you deposited $15k (or something like that).
 
Jimmy Hypocracy said:
Kylo I’ve got about 15k sitting in savings that I just found out is only drawing 0.2%…fail…should I put it into a Money Market? Pros and cons?
Click to expand...
Windergawx said:
why not do t-bills at 5.40% think the 4 week auction and 8 week is tomorrow and the 3 month is mar 5th

treasury direct has the i series bonds 5.27 locked for 6months and then falls to the current rate i believe atm 4%
we bought some back in the beginning of 2022 or 2023 rate was 9% then fell to 6%
Click to expand...

Thats where I have my cash but it isn't much better than a savings. The cash in my IRA sits in a money market mutual fund that yields 5%.

AMEX high yield savings has crossed my mind. FDIC insured too.

High Yield Savings Account | American Express® Savings

Maximize your savings with an American Express high yield savings account with Member FDIC & competitive interest rates offered in market. Open an account today!
www.americanexpress.com
 
Broken024 said:
Fidelity brokerage pays 5% right now on non invested cash
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That's where my investments are and yeah, 5% is nice. in fact I have completely changed my strategy with investing because of this. I used to invest primarily in QQQ and SPY and at any one point I would be 10-20% cash, sometime 0. But now I do TQQQ and XXXX, which is 3x and 4x leveraged but I only invest 1/3 and 1/4 of what I would usually invest and let the bulk of my cash earn 5% still.
 
KyloG said:
Thats where I have my cash but it isn't much better than a savings. The cash in my IRA sits in a money market mutual fund that yields 5%.

AMEX high yield savings has crossed my mind. FDIC insured too.

High Yield Savings Account | American Express® Savings

Maximize your savings with an American Express high yield savings account with Member FDIC & competitive interest rates offered in market. Open an account today!
www.americanexpress.com
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last yr with all 4 of us we made around 2k interest off the treasury bonds and maybe another 1k off the t bills.. not life changing but helps
 
KyloG said:
That's where my investments are and yeah, 5% is nice. in fact I have completely changed my strategy with investing because of this. I used to invest primarily in QQQ and SPY and at any one point I would be 10-20% cash, sometime 0. But now I do TQQQ and XXXX, which is 3x and 4x leveraged but I only invest 1/3 and 1/4 of what I would usually invest and let the bulk of my cash earn 5% still.
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Mine too. I moved from TD Ameritrade when I found out that Fidelity automatically invests your unused cash in short term treasuries.

You can hold cash secured puts (short) and still get paid the 5% too which is nice.
 
Broken024 said:
Mine too. I moved from TD Ameritrade when I found out that Fidelity automatically invests your unused cash in short term treasuries.
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I did the same...I still have a small TD account that I almost never use, but have for options...I like the options gui better on TD. I probably should just close it as I don't like trading options anymore. In fact I got migrated to Schwab and haven't done any trades.
 
Looking for a big swoosh down today...eventually, we will get a prolonged correction. Problem is everyone wants that...bulls and bears. So just how long does it last, assuming we even get one.

Screen Shot 2024-02-28 at 9.05.46 AM.png
 
some folks talking about eom rebalance...that will impact tech as tech has risen so much they will need to reduce
 
Apple been dreadful all year...if we get a close below $180 the market going to be screwed. It can only fight this off for so long.

But, one positive is there is a nice demand zone in the mid $170's, but if that gives then it's back down to $150's. As a bull I would love to see Apple plummet to the $150's and take the Q/SPY with it so we can reset a lot of this. But, everyone wants that so we probably won't get it.

Screen Shot 2024-02-28 at 9.56.51 AM.png
 
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