/biz/ - Business & Finance

What's your endgame?

>>51370313

I really have no moves to make right now. I have $2k in cash waiting for Bitcoin to fall under $18k. I really don't want any stocks/funds just yet. Most of my cash is already deployed from March 2020, just gonna let that ride.

I'm getting 2.9% (annualized) on 4-week Treasuries. Might as well do that over .2% on the cash in my bank.

I want to see tech get hit a little bit more, then I might put some cash in a tech fund, or an S&P fund.

>>51370249
Do your parents know you're gay?

>>51370468

Idk how to answer that sir...

What's your height and weight

>>51370514

6'3"
180 pounds
Fit/athletic build

>>51370249
I’ve been buying the series I bonds

>>51370568

I was looking at those, but isn't the minimum hold 10 years (if you don't want a penalty)?

>>51370585
The penalty is 3 months interest, so I figure I’ll sell them when inflation drops to negligible levels, meaning the penalty will be negligible. Right now the return is nearly 10% which is unheard of and I have a feeling inflation will persist if not get worse in the near term

why buy those when you can just buy S&P 500 or VTI or VOO and get an actual profit for your money?

>>51370613

Sounds like a solid move.

>>51370652

I want to wait for now. It's not close enough to the 52-week low imo.

>>51370376
I dig your pepe collection fren.

>>51370770

I have so many I can't even find the ones I'm looking for...

>>51370376
Do you buy them on treasury direct dot gov?

>>51371038

That and my Fidelity account.

I tried to figure out how to buy them through Fidelity originally. I watched 3 separate videos and still couldn't figure it out. So, I went and made a TreasuryDirect account. Of course, a week later this chick https://youtu.be/rFuiC-UNeMc released a video on hoe to buy Treasuries and I figured out what I was doing wrong on my Fidelity account. I kept going to the "Treasury" section and not the "New Issues" section.

I'm still glad I made the TD account though. It has way more options.

>>51370376
Are there not fees involved that eat the yield?

>>51371278
Yea I’m using TD for the i bonds waiting to see if yields go higher for regular bonds

>>51371500

Fidelity charges $1.00 mark ups on corporate and some municipal bonds. Treasuries are free as far as I'm aware. I'll find out soon, the bills I bought are issued this coming Friday and they'll mature 12/15/2022. I'll post a thread then if they do charge me.

I know for a fact TreasuryDirect doesn't charge you anything. Those bills I bought are also issued this coming Friday, but mature 28 days afterwards.

>>51371500

https://www.fidelity.com/viewpoints/market-and-economic-insights/how-much-for-bonds

https://www.fidelity.com/fixed-income-bonds/bond-pricing#:~:text=Fidelity%20charges%20a%20%241%20mark,price%20displayed%20from%20the%20dealer

https://www.fidelity.com/fixed-income-bonds/why-buy-bonds-CDs-at-fidelity < It looks like Treasuries and new issues are free.

>>51371682
>>51371629
>>51371278

I bought $10k of i bonds back in May. The APY is gonna adjust in October. You think interest will go up or stay the same?

>>51370249
>>51370376
How do you buy these

>>51370249

How does it feel to have -8%(and declining) in purchasing power?

>>51371760

>>51371773

I guess it would depend on whether the CPI rate (annualized) is higher, or lower from 6 months ago.

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

>>51371773
peggy and hank would definitely would have been a kinky couple into couple swapping if hank wasnt so uptight.

>>51370585
I thought you could sell for 1 year and then there is only a penalty until 5 years?

https://www.treasurydirect.gov/news/pressroom/currentibondratespr.htm#:~:text=Bonds%20held%20less%20than%20five,a%20three%2Dmonth%20interest%20penalty.&text=The%20composite%20rate%20for%20Series,and%20the%20semiannual%20inflation%20rate.

>>51371791

TreasuryDirect.Gov

or, any major brokerage firm, like Fidelity, Vanguard, etc.

https://youtu.be/rFuiC-UNeMc

https://youtu.be/adzmox__2zM

>>51371848

You're right, I'll watching a video about it right now! Honestly, this guy has the right idea >>51370613

>>51371997

I'll, I meant *I'm

>>51371864
Is this like, on Robinhood? Is there a ticker? Sorry; I’m an actual retard. Like, not autistic, actually low IQ

>>51371773
I think it will go up but I’m a doomer, which is why I like these bonds.
>>51372032
It’s the governments direct website for purchasing bonds. No broker in between keeping a fee. Barebones website works fine

>>51372032

It's all good man, we all start as newbies. You're not retarded, this shit can get complicated.

No, Robinhood won't have anything like this. Robinhood only has individual stocks.

There's no Ticker Symbol like stocks. Watch those 2 links I sent you when you have time, hopefully it helps!

https://youtu.be/AqTjNU7mQZQ

https://youtu.be/xVcDCsHF_HY

^ This guy is from the UK, but I learned A LOT from him when I first started learning about finance.