Investing General Discussion

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Zzen

Zzen

Potato del Grande
2,887
3,587
When these 0DTE degens finally get wrecked, it sure should make for some interesting viewing 👀
 
Sanrith Descartes

Sanrith Descartes

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<Aristocrat╭ರ_•́>
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Btw, not sure where else to put this but AMEX is offering a 3.75% interest rate on their high-yield savings account. Not a CD but a regular bank savings account.
 
Mist

Mist

REEEEeyore
<Gold Donor>
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Sanrith Descartes said:
Btw, not sure where else to put this but AMEX is offering a 3.75% interest rate on their high-yield savings account. Not a CD but a regular bank savings account.
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SoFi is 4% for a regular savings account. Upgrade is 4.38%.

Citibank Accelerate Savings is 3.85%, which is also basically just a normal savings account.
 
Furry

Furry

🌭🍔🇺🇦✌️SLAVA UKRAINI!✌️🇺🇦🍔🌭
<Gold Donor>
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Gravel said:
I'm not Sanrith Descartes Sanrith Descartes old, so I don't remember super high rates, but I do remember 20 years ago when you could get 5-6% all over the place.
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I got kicked out at 18 and was just struggling to make it through paychecks without getting a charge. 20 years ago is when I got my job, but it took me a couple years to stabilize and buy a house. I got 5ish% interest rate for a mortgage with no down payment or credit history in 2005, lol. I can’t imagine the look a bank would give someone trying to do that today.
 
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Sanrith Descartes

Sanrith Descartes

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Mist said:
SoFi is 4% for a regular savings account. Upgrade is 4.38%.

Citibank Accelerate Savings is 3.85%, which is also basically just a normal savings account.
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One thing to watch is banks like C and JPM are tending to only offer those good rates in areas where they want to grow their footprint. Good luck getting shit for rates in NYC/Long Island with those banks. I choose Amex because I generally trust them to stay in business the next few years. SoFi is a bit suspect for that extra 0.25%. Besides since Amex already had my info opening the account was less than 30 seconds.
 
Mist

Mist

REEEEeyore
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Sanrith Descartes said:
I choose Amex because I generally trust them to stay in business the next few years. SoFi is a bit suspect for that extra 0.25%.
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Yeah but if you're not putting in over 250k why does it matter if they're suspect or not? There's been 75 bank failures in the past 10 years, all depositors have always gotten their money one way or another, and people under 250k are always getting theirs no matter what.

SoFi also behind the scenes turns your savings account into 4 savings accounts if you have up to a million dollars on deposit, so you'll have 4x FDIC insurance.
 
Sanrith Descartes

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Mist said:
Yeah but if you're not putting in over 250k why does it matter if they're suspect or not? There's been 75 bank failures in the past 10 years, all depositors have always gotten their money one way or another, and people under 250k are always getting theirs no matter what.

SoFi also behind the scenes turns your savings account into 4 savings accounts if you have up to a million dollars on deposit, so you'll have 4x FDIC insurance.
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I'm a boomer. We do boomer things.
 
Kithani

Kithani

Blackwing Lair Raider
1,252
1,577
Jysin said:
So, Fed / FDIC want to keep stating "banking crisis over, move along" .. then you have stocks like SCHW that are still very broken. It's either the discount of the decade, or someone knows something we don't.

View attachment 467351
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How long until we hit the deadline for Congress to disclose their trades?
See what big Nancy be doing and you will find the truth IMO
 
Burns

Burns

Avatar of War Slayer
7,446
14,669
Kithani said:
How long until we hit the deadline for Congress to disclose their trades?
See what big Nancy be doing and you will find the truth IMO
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2023-04-06 04.13.07 www.quiverquant.com ea6f13340b0a.png

Congress Trading - Quiver Quantitative

Track trading activity by members of U.S. Congress
www.quiverquant.com www.quiverquant.com
 
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Sanrith Descartes

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Apparently, and quite surprisingly, our government has been lying to us about our economic data...









 
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Gravel

Gravel

Mr. Poopybutthole
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Uh, yeah? No shit?

We've been pointing out in this thread every time they get revised down.

It's all fake.
 
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Sanrith Descartes

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Wrote the SPY puts expiring Monday. 35 cent premium on the $398 strike. Since market is closed tomorrow its a 2-day carry to expiry. Got a couple levels of support to break through before it gets there (the 50-DMA and the psychological level at $400).

1680788353212.png
 
Sanrith Descartes

Sanrith Descartes

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<Aristocrat╭ರ_•́>
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Sanrith Descartes said:
Wrote the SPY puts expiring Monday. 35 cent premium on the $398 strike. Since market is closed tomorrow its a 2-day carry to expiry. Got a couple levels of support to break through before it gets there (the 50-DMA and the psychological level at $400).
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Closed out at 16 cents on that price spike upwards. I am eyeing reentry at the $405 strike if we see another dip lower today.
 
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