SOOPOO
SOOPOO
Joined: Aug 8, 2010
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December 7th, 2021 at 4:54:10 PM permalink
Quote: DRich

Quote: Ace2

Deposit $50,000 into a Citi savings account for 3 months and get 50,000 American miles. Thatís about enough for a one-way overseas ticket in business, worth about $3,500.

Risk free 31% annualized return on $50,000
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You can get 50,000 American miles just for signing up for a Citi credit card. I see no reason to lock up $50k.
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100,000 miles are better than 50,000 miles. You realize the two events would be additive, not mutually exclusive?
Zcore13
Zcore13
Joined: Nov 30, 2009
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December 7th, 2021 at 8:48:44 PM permalink
I'll stay in the mutual funds that average about 25% per your over the last 10 years.


ZCore13
I am an employee of a Casino. Former Table Games Director,, current Pit Supervisor. All the personal opinions I post are my own and do not represent the opinions of the Casino or Tribe that I work for.
Ace2
Ace2
Joined: Oct 2, 2017
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December 7th, 2021 at 8:52:40 PM permalink
Quote: Zcore13

I'll stay in the mutual funds that average about 25% per your over the last 10 years.


ZCore13
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25% per year for 10 years would be 831% total gain. Which fund?
Itís all about making that GTA
Zcore13
Zcore13
Joined: Nov 30, 2009
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December 7th, 2021 at 9:37:35 PM permalink
Quote: Ace2

Quote: Zcore13

I'll stay in the mutual funds that average about 25% per your over the last 10 years.


ZCore13
link to original post

25% per year for 10 years would be 831% total gain. Which fund?
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Here's one. This is my 401K.



ZCore13
I am an employee of a Casino. Former Table Games Director,, current Pit Supervisor. All the personal opinions I post are my own and do not represent the opinions of the Casino or Tribe that I work for.
lilredrooster
lilredrooster
Joined: May 8, 2015
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June 16th, 2022 at 3:46:24 AM permalink
______________


highlights:


currently paying 9.62% interest
interest rate adjusted every 6 months
it's a 30 year bond
Treasury limits purchases to $10K once each year
a savings bond that earns interest combining fixed rate and inflation rate


The interest that your savings bonds earn is subject to: federal income tax, but not to state or local income tax any federal estate, gift, and excise taxes as well as any state estate or inheritance tax


downside:


cannot cash out for one year
if you cash out before 5 years you lose 3 months interest
limited to $10K per year but if married or trusted partner each can have meaning actually $20K per 2 person household



my personal rating_________excellent deal__________*******________________just bought one 10 minutes ago





Note - Zcore's comparing this to his high performing mutual fund is not particularly useful imo

he's comparing apples and oranges

his fund is highly speculative - this investment is guaranteed

most investors would want to have at least some portion of their holdings at very low or no risk





https://www.treasurydirect.gov/indiv/research/indepth/ibonds/res_ibonds.htm



.
Last edited by: lilredrooster on Jun 16, 2022
"𝘣𝘦𝘭𝘪𝘦𝘷𝘦 𝘩𝘢𝘭𝘧 𝘰𝘧 𝘸𝘩𝘢𝘵 𝘺𝘰𝘶 𝘴𝘦𝘦 𝘢𝘯𝘥 𝘯𝘰𝘯𝘦 𝘰𝘧 𝘸𝘩𝘢𝘵 𝘺𝘰𝘶 𝘩𝘦𝘢𝘳"______Edgar Allan Poe
DRich
DRich
Joined: Jul 6, 2012
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June 16th, 2022 at 5:08:32 AM permalink
Quote: lilredrooster

______________


highlights:


currently paying 9.62% interest
interest rate adjusted every 6 months
it's a 30 year bond
Treasury limits purchases to $10K once each year
a savings bond that earns interest combining fixed rate and inflation rate



I just bought 2 I-bonds on Tuesday. With shaky markets and crazy inflation I am very happy to get 9.62% guaranteed.
Order from chaos
Joeman
Joeman
Joined: Feb 21, 2014
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June 16th, 2022 at 5:15:17 AM permalink
Quote: lilredrooster


downside:


cannot cash out for one year
if you cash out before 5 years you lose 3 months interest
limited to $10K per year but if married or trusted partner each can have meaning actually $20K per 2 person household

You might want to add that currently, the "fixed rate" interest component is 0.00%. All of the return for iBonds purchased today is due to the "inflation rate" component, which changes every 6 months. Although I would consider it extremely unlikely, in theory, these bonds could be paying 0.00% come November.

Just as a(n extreme) historical example, if you bought an iBond in April 2009, it was initially paying 5.64%. The very next month, it was paying 0.00%. So, it can happen. However, given the current economic environment, I seriously doubt this will happen this November. It's just something to be aware of.

That said, I agree that it is a good idea to buy some iBonds today, if you have not already.
Last edited by: Joeman on Jun 16, 2022
"Dealer has 'rock'... Pay 'paper!'"
lilredrooster
lilredrooster
Joined: May 8, 2015
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June 16th, 2022 at 5:52:08 AM permalink
_______________


the Feds raised the interest rate 3 basis points or .75% yesterday to try to tame inflation

money's not as cheap now - so retailers won't have to hike prices as much to cover their expenses

it will probably slow but it won't stop inflation - retailers just love to raise prices - it's what they live for

the only thing that ever completely stopped inflation were wage and price controls under Nixon

and he pissed off a whole lot of people with that



kinna funny - to me anyway

most Dollar Stores long ago stopped selling everything for $1.00 and started calling themsleves "Dollar Plus"

but there were a few - one near me - where everything stayed $1.00

but last week they raised everything to $1.25

𝙚𝙫𝙚𝙧𝙮𝙩𝙝𝙞𝙣𝙜 𝙝𝙖𝙙 𝙗𝙚𝙚𝙣 𝙟𝙪𝙨𝙩 𝙤𝙣𝙚 𝙙𝙤𝙡𝙡𝙖𝙧 𝙩𝙝𝙚𝙧𝙚 𝙛𝙤𝙧 𝙨𝙤𝙢𝙚𝙩𝙝𝙞𝙣𝙜 𝙡𝙞𝙠𝙚 𝙛𝙤𝙧𝙩𝙮 𝙮𝙚𝙖𝙧𝙨

for all that time they did tricky stuff - mainly there was less of the product in their packages


.
"𝘣𝘦𝘭𝘪𝘦𝘷𝘦 𝘩𝘢𝘭𝘧 𝘰𝘧 𝘸𝘩𝘢𝘵 𝘺𝘰𝘶 𝘴𝘦𝘦 𝘢𝘯𝘥 𝘯𝘰𝘯𝘦 𝘰𝘧 𝘸𝘩𝘢𝘵 𝘺𝘰𝘶 𝘩𝘦𝘢𝘳"______Edgar Allan Poe
linksjunkie
linksjunkie 
Joined: Feb 28, 2014
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  • Posts: 113
June 16th, 2022 at 8:25:48 AM permalink
Glad a couple of you have gotten on board with these. I originally purchased in December for my wife and I. I then purchased again first week of January.

Doing a whole lot better with these than I am with my mutual funds. Fortunately weíre pretty diversified. Only down about 10-12% YTD on those.

Good luck to all.
Son you ainít paying attention Iím cutting you but you ainít bleeding - Foghorn Leghorn
Ace2
Ace2
Joined: Oct 2, 2017
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June 16th, 2022 at 10:29:11 AM permalink
Quote: lilredrooster




the Feds raised the interest rate 3 basis points or .75%

?????
Itís all about making that GTA

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