Investing General Discussion

  • Guest, it's time once again for the massively important and exciting FoH Asshat Tournament!



    Go here and give us your nominations!
    Who's been the biggest Asshat in the last year? Give us your worst ones!
Mist

Mist

REEEEeyore
<Gold Donor>
31,199
23,380
finance.yahoo.com

Wealthy Americans are getting hit hardest by the economy slowing down

Bank of America data shows cracks in wage growth and discretionary spending among higher-income households.
finance.yahoo.com finance.yahoo.com

GIF by The Simpsons
 
  • 1Worf
Reactions: 1 user
Jysin

Jysin

Ahn'Qiraj Raider
6,457
4,345
PACW (PacWest bank) down about 25% premarket here as they report deposits fell nearly 10% last week.

Also hitting the desk:
08:17*(US) FDIC said to make announcement on deposit insurance fund today, May 11th - press
 
  • 1Like
Reactions: 1 user
Sanrith Descartes

Sanrith Descartes

You have insufficient privileges to reply here.
<Aristocrat╭ರ_•́>
44,527
120,759
Jysin said:
PACW (PacWest bank) down about 25% premarket here as they report deposits fell nearly 10% last week.

Also hitting the desk:
08:17*(US) FDIC said to make announcement on deposit insurance fund today, May 11th - press
Click to expand...
Funny thing about banks and deposits. They cant survive without them. It becomes a death spiral.
 
Sanrith Descartes

Sanrith Descartes

You have insufficient privileges to reply here.
<Aristocrat╭ರ_•́>
44,527
120,759
Jysin said:
PACW (PacWest bank) down about 25% premarket here as they report deposits fell nearly 10% last week.

Also hitting the desk:
08:17*(US) FDIC said to make announcement on deposit insurance fund today, May 11th - press
Click to expand...
3 halts so far.

1683813104700.png
 
  • 1Like
Reactions: 1 user
Sanrith Descartes

Sanrith Descartes

You have insufficient privileges to reply here.
<Aristocrat╭ರ_•́>
44,527
120,759
Sanrith Descartes said:
Liquified my AAPL, MSFT and FTEC. I havent held this much cash since pre-Covid. The market will now go vertical. You're welcome.
Click to expand...
I should have added an explanation of this. Selling isnt a market fear thing. I am going liquid since I am possibly planning to use the 60-day rollover rule to front myself a free loan for a cash purchase of a new home while my existing home sits under contract. So, its strictly following the philosophy of "if you might need the cash in the next few months, it shouldn't be invested in instruments".
 
  • 2Like
Reactions: 1 users
Falstaff

Falstaff

Ahn'Qiraj Raider
8,400
3,333
Sanrith Descartes said:
I should have added an explanation of this. Selling isnt a market fear thing. I am going liquid since I am possibly planning to use the 60-day rollover rule to front myself a free loan for a cash purchase of a new home while my existing home sits under contract. So, its strictly following the philosophy of "if you might need the cash in the next few months, it shouldn't be invested in instruments".
Click to expand...
Put it in the Apple/Goldman savings account. The 2k I dropped in there last month has earned more in interest already that my much larger cash balance in a savings account has in 10 years.
 
  • 1Like
  • 1Genius!
  • 1Mic Drop
Reactions: 2 users
ShakyJake

ShakyJake

<Donor>
7,912
19,957
I think it would be a viable strategy to, if the market gaps down in the morning, immediately buy calls and sell later in the day.
 
  • 1Like
Reactions: 1 user
Sanrith Descartes

Sanrith Descartes

You have insufficient privileges to reply here.
<Aristocrat╭ರ_•́>
44,527
120,759
Falstaff said:
Put it in the Apple/Goldman savings account. The 2k I dropped in there last month has earned more in interest already that my much larger cash balance in a savings account has in 10 years.
Click to expand...
Im using the Amex Hi-Yield Savings, but yeah savings accounts are rocking it right now.
 
ShakyJake

ShakyJake

<Donor>
7,912
19,957
Sanrith Descartes said:
Im using the Amex Hi-Yield Savings, but yeah savings accounts are rocking it right now.
Click to expand...
Vanguard recently opened up a high yield money account. I immediately moved the bulk of my Wells Fargo savings account into it. This is another thing that's killing banks as they're not capable of offering this yet.
 
You must log in or register to reply here.