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Message
CD expiring soon
Posted on 7/16/20 at 4:36 pm
Posted on 7/16/20 at 4:36 pm
I got a great rate on a a few CDs in the last 9 months and 18 months respectively - they are expiring soon. The new rate will suck so that’s not a option. Any thoughts on about $100,000 - I’d like to have easy access to it. I thought about dumping in a cash account with vanguard portfolio, I just don’t need to put that much in a savings earning zero to little interest. Thanks
6
Posted on 7/16/20 at 5:12 pm to Gorilla Ball
I've looked at numerous alternatives recently; unfortunately, unless you are willing to take some risk, there is not much out there.
You can still get 1% or more on CDs (Marcus by Goldman Sachs, CIT Bank, etc).
Check into a Discover online savings account; the last time I looked, it was paying about 1%.
I believe Capital One has a savings account paying about 1%.
Good luck.
You can still get 1% or more on CDs (Marcus by Goldman Sachs, CIT Bank, etc).
Check into a Discover online savings account; the last time I looked, it was paying about 1%.
I believe Capital One has a savings account paying about 1%.
Good luck.
Posted on 7/16/20 at 5:17 pm to Gorilla Ball
I'd put it in a fidelity bond mutual fund such as FXNAX if you want stable but safe growth.
Posted on 7/16/20 at 5:32 pm to tigersfan1989
Had the same thing happen a few months
back.Just before covid.....Left a couple hundred in my fidelity mm and was getting over 2Percent but it soon went down to useless...
Short term Corp bonds are a little low and pricey....so started picking up some more higher dividend companies that had been beaten down.... heck even a beaten down 2 plus dividend blue blood ....
Dca half into some dividend stocks...leave other half in a fidelity mm and wait in case market tanks again and you can pick up some bargains.....
back.Just before covid.....Left a couple hundred in my fidelity mm and was getting over 2Percent but it soon went down to useless...
Short term Corp bonds are a little low and pricey....so started picking up some more higher dividend companies that had been beaten down.... heck even a beaten down 2 plus dividend blue blood ....
Dca half into some dividend stocks...leave other half in a fidelity mm and wait in case market tanks again and you can pick up some bargains.....
Posted on 7/16/20 at 5:46 pm to tigersfan1989
Not a bad idea at all........
bond funds go up and down also...I have some and have done well but over last few years But can remember a few times I was po...Not sure if Interest can go much Lower :O so hopefully the fund index price would stay stable and you could get around 3.5 in a Corp index or under two in a govt index ( which are what my fidelity ones are doing)
Can get some short term Corp bonds but they are getting premium but in right now
bond funds go up and down also...I have some and have done well but over last few years But can remember a few times I was po...Not sure if Interest can go much Lower :O so hopefully the fund index price would stay stable and you could get around 3.5 in a Corp index or under two in a govt index ( which are what my fidelity ones are doing)
Can get some short term Corp bonds but they are getting premium but in right now
Posted on 7/16/20 at 7:01 pm to Gorilla Ball
I would put it in AAPL. 3% dividends and the gains are amazing and have been for a decade.
Posted on 7/16/20 at 7:05 pm to Thecoz
Ok thanks
Posted on 7/16/20 at 7:06 pm to tenderfoot tigah
Ok thanks- I’ll look into this. I just feel it’s a poor decision to have money sitting in a savings account earning basically nothing.
Posted on 7/16/20 at 9:21 pm to Gorilla Ball
I’m in a similar spot. Multiple cds expiring through the EOY. I’ve got some debt to attack so will put a portion in that space. That could be an option at this time.
Posted on 7/16/20 at 9:22 pm to tigersfan1989
thanks for the input
Posted on 7/17/20 at 8:19 am to Gorilla Ball
quote:
I just feel it’s a poor decision to have money sitting in a savings account earning basically nothing.
Yet sometimes it looks like a genius decision.
Posted on 7/17/20 at 11:28 am to Gorilla Ball
Check local branches. Recently had a client place 100k on CD with 3.5% interest rate for 3 years. Bank was first federal bank of Louisiana
Posted on 7/17/20 at 12:37 pm to Gorilla Ball
Buy some municipal bonds. You could probably make 3 to 3.5% tax free.
Posted on 7/17/20 at 2:16 pm to GoldenAge
Ok sure thanks
Posted on 7/17/20 at 2:17 pm to AugustaTiger
How would I go about doing this? Can I do this through my vanguard or fidelity accounts?
Posted on 7/17/20 at 2:55 pm to Gorilla Ball
Go into your fidelity account
Hit the fixed income tab
Select the types of individual bonds you want to look at....
Muni..govt...Corp...
Set the limits on time and yield
Review the list
Call the fidelity fixed income rep and ask him for suggestions(he has better searching tools and seeS more stuff and updated stuff)
Have him send the literature on the ones y’all like best and a date for him to call you back
Buy the individual bonds of your choice..
Rep is free and bond purchase very low relative to many others
Do not have anything in vang..Merrill is basically same process
Hit the fixed income tab
Select the types of individual bonds you want to look at....
Muni..govt...Corp...
Set the limits on time and yield
Review the list
Call the fidelity fixed income rep and ask him for suggestions(he has better searching tools and seeS more stuff and updated stuff)
Have him send the literature on the ones y’all like best and a date for him to call you back
Buy the individual bonds of your choice..
Rep is free and bond purchase very low relative to many others
Do not have anything in vang..Merrill is basically same process
Posted on 7/17/20 at 3:00 pm to Gorilla Ball
Fixed income tab will be under your “investment products tab “of the main page when you log into your fidelity account
Posted on 7/17/20 at 3:05 pm to Thecoz
Thanks - I guess I could’ve googled this.
Posted on 7/17/20 at 3:06 pm to Thecoz
Thanks so much
Posted on 7/17/20 at 3:17 pm to Gorilla Ball
I spend a lot of time in my fidelity account.
retired....
they have some nice planning stuff and monte carlo analysis...
free and good to research with
retired....
they have some nice planning stuff and monte carlo analysis...
free and good to research with
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