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Thank you. Either contribute fixed income advice or go away. I NEED NOTHING FROM YOU.
yOU FOLKS WHO USE ANALYSTS FOR ADVICE. Know this, Analysts listed both World com and Enron as buys up until the day they went bankrupt.
I'll say that at least one poster in this thread has never had an original idea in his life and just regurgitates what he reads online. He's been banned more than once and is Kitce's #1 fanboy. He's afraid of any original ideas and his knee-jerk reaction is to belittle.
I'll also say that this time IS different. When the Fed reduced interest rates to near-zero, the game changed. Savers and risk-averse investors are paying the price for this foolish monetary policy. To be happy with 2-3% interest for years and overjoyed to get 5-6% now is evidence that these folks are happy to pick up crumbs. Meanwhile, our country's debt has been downgraded twice and the government spending is showing no sign of slowing down. The writing is on the wall: those holding gov't. debt will be left holding the bag. These times require new creativity in fixed income finances to generate the reliable income we rely on in retirement. Maybe this means we all raise our risk tolerance in order to de-risk. I know this sounds like nonsense, but 5% 1-year CDs or T-bills are just kicking the can down the road to a time when things will look far worse than now. The government will not reduce spending and cannot afford to pay interest on the debt at higher rates. This will invariably lead to default.
Last edited by Bruceski44; 08-02-2023 at 09:46 PM..
CDs aren’t free money, no way a professional trader says this.
i don’t believe for a second that this is advice coming from a pro , or even someone. with good financial sense ,as a general statement to all which is what the op threw out here .
there is no such thing as telling everyone what is best for them and anyone with financial common sense knows this
I'll say that at least one poster in this thread has never had an original idea in his life and just regurgitates what he reads online. He's been banned more than once and is Kitce's #1 fanboy. He's afraid of any original ideas and his knee-jerk reaction is to belittle.
I'll also say that this time IS different. When the Fed reduced interest rates to near-zero, the game changed. Savers and risk-averse investors are paying the price for this foolish monetary policy. To be happy with 2-3% interest for years and overjoyed to get 5-6% now is evidence that these folks are happy to pick up crumbs. Meanwhile, our country's debt has been downgraded twice and the government spending is showing no sign of slowing down. The writing is on the wall: those holding gov't. debt will be left holding the bag. These times require new creativity in fixed income finances to generate the reliable income we rely on in retirement. Maybe this means we all raise our risk tolerance in order to de-risk. I know this sounds like nonsense, but 5% 1-year CDs or T-bills are just kicking the can down the road to a time when things will look far worse than now. The government will not reduce spending and cannot afford to pay interest on the debt at higher rates. This will invariably lead to default.
yeah , you got that correct .
kitces is an industry leader in financial planning and research and moves an entire industry on his findings .
so yeah , he is a whole lot more knowledgable then anyone here , self included.
i am not a financial genius , so yep i don’t spew my own ideas on much , but i do parrot some of them smartest people on the planet when it comes to retirement planning
Last edited by mathjak107; 08-03-2023 at 01:27 AM..
kitces is an industry leader in financial planning and research and moves an entire industry on his findings .
so yeah , he is a whole lot more knowledgable then anyone here , self included.
i am not a financial genius , so yep i don’t spew my own ideas on much , but i do parrot some of them smartest people on the planet when it comes to retirement planning
so many haters on this board, It seems like it really is just a waste of time
I'll say that at least one poster in this thread has never had an original idea in his life and just regurgitates what he reads online. He's been banned more than once and is Kitce's #1 fanboy. He's afraid of any original ideas and his knee-jerk reaction is to belittle.
I'll also say that this time IS different. When the Fed reduced interest rates to near-zero, the game changed. Savers and risk-averse investors are paying the price for this foolish monetary policy. To be happy with 2-3% interest for years and overjoyed to get 5-6% now is evidence that these folks are happy to pick up crumbs. Meanwhile, our country's debt has been downgraded twice and the government spending is showing no sign of slowing down. The writing is on the wall: those holding gov't. debt will be left holding the bag. These times require new creativity in fixed income finances to generate the reliable income we rely on in retirement. Maybe this means we all raise our risk tolerance in order to de-risk. I know this sounds like nonsense, but 5% 1-year CDs or T-bills are just kicking the can down the road to a time when things will look far worse than now. The government will not reduce spending and cannot afford to pay interest on the debt at higher rates. This will invariably lead to default.
You know nothing of me.
I know nothing of you, why the hate? Thank you very much though.
This thread is about fixed interest and Investing, not a view of yours which really means nothing, an empty soda can.
I know that you are smarter than this and you overly simplified the rationale.
I just used the money in a different fashion... I loaned it out to someone who wanted it more than I did.
And for that I don't get to use those funds for the duration of the CD. There is more to this but it could get too confusing.
ymmv
I look at money in two ways. Money you work for and money from Investing, I personaly consider Investing money as free.
It's my view. Money begets money. Its a great concept. To me it is free.
Ive had this free money now for 25 years.
Why not let the money itself do all the labour? Then go about your daily business free from any garbage, office drama.
Even this web site has nothing but drama, hateful personalities.
i don’t believe for a second that this is advice coming from a pro , or even someone. with good financial sense ,as a general statement to all which is what the op threw out here .
there is no such thing as telling everyone what is best for them and anyone with financial common sense knows this
I never said I was a Pro.
You just are really a hateful old man, sorry for that, can't help you.
you really need to learn more before telling people what to do .
that is just nonsense .
fixed income alone has already failed to last 65% of the 123 rolling 30 year retirements we have had to date at a mere 4% inflation adjusted .
a 50/50 or 60/40 failed just 5%
I am a long term, technical momentum trader. Using weekly, monthly charts. I am not a day trader.
Why do you think that your trading system is the only one, or the only way?
Start your own thread, I will stay away.
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