- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: How much money do you put in savings every paycheck?
Posted on 12/4/12 at 10:32 am to Zach
Posted on 12/4/12 at 10:32 am to Zach
Can you advise as to your CD shopping? Do you go for maximum rates such as with an online bank, or stick to a bank nearby that you prefer? I have completed some studying on CDs earlier this year, but yet to dip into buying any. I ask this for more of a response towards my latest thread:
LINK
LINK
Posted on 12/4/12 at 12:07 pm to RickAstley
quote:
Can you advise as to your CD shopping?
It goes like this:
a. I notice that I've got 25K in checking (don't ask me about savings account...that's also zero interest).
b. Do I need a new car? If yes, buy it with cash. If not, proceed to 'c.'
c. What are the best 1 year CD rates around here? Best I ever got was 10% but that was during the S and L debacle. Made a lot of fast cash off of that. Last search was 1.5% CD for 1 year. Too low. Proceed to 'd'.
d. Check stock performances. Best over the few months was Chevron but I'm overloaded on Chevron. Next best was United Technologies. Returning about 6%. So, I bought 10K more of that.
e. Allow current 15K in checking to get up to 25K. Wash, rinse, repeat.
I've never gotten burned on a stock. The bad ones produce about 2; the good ones about 10. They have always exceeded inflation. I don't use a broker. I deal with them all directly.
Popular
Back to top
![logo](https://images.tigerdroppings.com/images/layout/TDIcon.jpg)