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Floorist

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stupid people.jpg
 

Incognito

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I've been buying silver for about 7-8 years now. Nothing huge but a few ounces here and there. Over the years it's really adding up.

I'm actually in kind of a pickle. I have my life savings sitting in a bank account earning .003% interest. I'm too nervous to put it into stocks because their so volatile. Nothing really sounds too comforting as far as investing goes. I was thinking about dropping the wad on a bunch of silver. But where the hell do you keep it all? I'll have to build a mini Ft Knox at my house. 😆

A good friend I really trust put me on to silver. He says just buy it and put it away to sit on it.
I just found a very nice surprise in my wife's 403B that I manage for her. The money market (CASH) fund is paying around 3.50% yield. You can get that elsewhere with no "risk" other than our whole economy/financial system/US currency collapses. These fund have paid essentially NO dividends for many years now. You can lock in similar yields on short term U.S Treasury notes-----2-year rather than let your bank make that off you.

 

highup

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Eat beans and make your own wind. Is that a win wind or a wind win.
Sounds like a study worthy of a large grant.
Does the input require more energy than the output produces?
I just want to be the book keeper for the project. I'm not good at math, chemistry and physics. I'll let the smart people do the hands on testing.
 

havasu

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I just found a very nice surprise in my wife's 403B that I manage for her. The money market (CASH) fund is paying around 3.50% yield. You can get that elsewhere with no "risk" other than our whole economy/financial system/US currency collapses. These fund have paid essentially NO dividends for many years now. You can lock in similar yields on short term U.S Treasury notes-----2-year rather than let your bank make that off you.

The problem with money market accounts is unless you divide your assets into 12 separate accounts, to receive a dividend monthly, you have to lock up your money for 3 months to 2 years. I put my money into an Ally savings account, where I'm receiving 3% interest. I can pull all or part of it daily, with no penalty.
 

Incognito

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The problem with money market accounts is unless you divide your assets into 12 separate accounts, to receive a dividend monthly, you have to lock up your money for 3 months to 2 years. I put my money into an Ally savings account, where I'm receiving 3% interest. I can pull all or part of it daily, with no penalty
Thanks for the info. In my wife's 403B account I can transfer the money out with a day or two notice with no penalty. I'm not talking OUT---------just moving tax deferred investments-------within the 403B account choices

I took basically all of her money from short term and inflation protected bond mutual funds into the CASH-------money market. Because interest rates have exploded she's now getting very health dividends monthly that of course are re-invested into the same funds.

I dont understand at all what you're talking about with the 12 accounts.
Please explain.
 

havasu

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Exactly as JP mentioned. Say, you have $120k. You diversify into $10k segments, (with a one year term) depositing $10k per month. This way, every month you could remove $10k without a penalty.
Yep, a headache, and why mine is stuffed into a 3% savings account with no penalty. In the early 2000's, when interest was going for 6 and 7%, I purchased several $100k CD's, but they only gave 5 days to redeposit, or pull it out. If left untouched, the rate slid to 2%, and your money was locked for a year. That was a very expensive 10 day trip to Hawaii. I got it in the shorts.
 

Incognito

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Exactly as JP mentioned. Say, you have $120k. You diversify into $10k segments, (with a one year term) depositing $10k per month. This way, every month you could remove $10k without a penalty.
Yep, a headache, and why mine is stuffed into a 3% savings account with no penalty. In the early 2000's, when interest was going for 6 and 7%, I purchased several $100k CD's, but they only gave 5 days to redeposit, or pull it out. If left untouched, the rate slid to 2%, and your money was locked for a year. That was a very expensive 10 day trip to Hawaii. I got it in the shorts.
Thanks. Sure sounds confusing and easy to mess up with. I never had much money outside of her tax deferred account to play with. As soon as we'd get some accumulation in bank savings or checking I paid down the mortgage. At the same time we paid for the kids through UCLA/UCSB. I've ballparked the costs for the two through university at roughly $100K per. So that's where the two incomes came in handy. She was only stay-at-home mom til they got to grade school. It was pretty tight with one income those years.

In a sense I was getting over 10% interest on those excess mortgage payments as that's the approximate rate I was paying starting in 1989. It was variable so slowly it dropping but I got STICKER SHOCK the first year I opened up the 1099 INT. It was over $13K in interest. Hell, I think I was only making $18 and change an hour then so I basically freaked out, panicked and made it my life's goal to pay that debt off ASAP.
 

Tile Tom

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Yeah, I'm not into some of these fruity cake drinks. Peppermint doesn't sound bad though.

I stopped at the circle k yesterday to grab a coffee on my way to work. One of the knuckle heads that work there put the "holiday spice" beans in the regular coffee jar. Imagine my surprise when I got to our shop and I took a sip of that crap.

I drank it anyway but was extremely upset about it. Freaking day ruined!
 
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