Pro tip for those with folks in the household. Go for the IBonds. You can buy up to $10,000 per person in the household and up to $15,000 on one of them if you got $5,000 back on your Federal taxes. Or any amount up to that.
You’ll earn 9.5% for 6 months and then at least 6.5% the next 9 months. AND if you have any LLC, you can buy another $10,000 for each of those.
Also if you have trusted family and friends, you can gift each other as many, up to $10,000 bonds as you wish. All earning that same rate. Those are more restrictive in how you cash out. But you need to keep them for about 18 months to maximize the yield anyway. As when you cash out, you have to surrender 3 months of interest.
So basically you can earn just over 8% on a no risk bond. It’s free money.
Oil down ~ $5.50/barrel domestically on the two major indexes which isn’t a great thing because the drilling takes a year to produce large pumps/wells.
I’ve got about a 10-15 year runway left on my prime earning years before I’ll probably step down/sell my equity and slide into a consulting role. I have a significant amount of cash on hand to invest when I want.
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You’ll earn 9.5% for 6 months and then at least 6.5% the next 9 months. AND if you have any LLC, you can buy another $10,000 for each of those.
Also if you have trusted family and friends, you can gift each other as many, up to $10,000 bonds as you wish. All earning that same rate. Those are more restrictive in how you cash out. But you need to keep them for about 18 months to maximize the yield anyway. As when you cash out, you have to surrender 3 months of interest.
So basically you can earn just over 8% on a no risk bond. It’s free money.
Dow down 1,500 early am.
Oil down ~ $5.50/barrel domestically on the two major indexes which isn’t a great thing because the drilling takes a year to produce large pumps/wells.
Good thing I’m not retiring this year.
I’ll be a big buyer when I see a 6wk growth trend in Q4
That's the thing. If a boomer invested in prime earning years they can withstand a lot. If you aren't retiring today you ride it out same as always
I remember in 05 I turned to my wife after our 3-2 stick frame house was appraised and saying - this shit can't last. Housing is going to crash
Nothing just keeps going up forever. The elites have pulled every trick in the book to keep this scam going
Short term pain long term gain. The adults in the room
^Yep.
I’ve got about a 10-15 year runway left on my prime earning years before I’ll probably step down/sell my equity and slide into a consulting role. I have a significant amount of cash on hand to invest when I want.
It just won’t be today.
Very relieved! We were all worried sick about how this might affect you.
”I’m not triggered!” shrieked Race.
What?
How?
Drunk or retarded today?
Where?
Both then
As always
You sound upset.
Me? I’m just relieved you didn’t have all your money in a 409k.