lol. Much better! Man, I was sweating bullets on Apple earnings. Not too bad. Now I can just continue sweating bullets about Apple because... China. New I-Bond rates coming... supposedly should be around 6.48%. 3-month non-callable CD's hitting 4% (or really close to it) 6-month non-callable CD's hitting almost 4.3% Energy stocks popping I'm trying to decide between putting a little money to work as entry positions in some stocks, adding to energy, or just waiting until after the year to do anything meaningful other than buying more short-term CDs.
Only thing I've piled into in the past few months that I can recall was energy stocks and stuff like DE. I may look at banks, but I'm always scared of those. Healthcare and defense stocks/ETFs are on my list and have been doing well. Of all these, I'm probably going to dump more money into more healthcare and/or defense stocks, though. My only worry now is there's a market-wide sell-off or something now that a lot of these sectors have run up and the end of the year is almost upon us. I still have a mess of cash sitting on the sidelines from selling, but I've been dumping that into savings and short-term CD's while I wait and ponder. I'm hoping to see CD/savings rates continue to rise here with the Fed meeting coming up.
I went spy today, cashed in low profit and sold just fine, but missed on Apple (thanks real job!!). I'm noticing most of these ERs lately are super overreaction and that you can buy the premium the day after for huge discounts just need to time it (obviously easier said than done, so don't chase if your contacts don't get filled). Anyway witnessed someone take apple calls 0 dte today near open and get 1600% +return. There's always returns like that someone does but I didn't want to chase due to actual job. My snapchat and even Pin calls worked, I got out of both but just another example of what to wait for if playing premiums in this market.
Why are retail savings yields so low still? I remember in 2000s when rates were 4+% for the online banks. Now, my brick and mortar is still offering 0.01%, CU is 0.1%, and online account is stuck at 0.3%. I was going to buy some I bonds but the site is down for maintenance so I missed the 9% bonds... http://www.pfstuff.com/savings/rates.png
Bank earnings are going to be great lol! Serious PS - of course bad loan write offs will increase too.....
Do high yield online savings. Going into B&M banks to do savings is archaic - they don't offer anything. Or if you have money you won't need for 1-12 months or more, maybe do CD's instead. As for I-Bonds, they've been warning people to not wait until the last minute to buy them because there's been a mad rush of people hitting the site trying to buy them. Even the site says to do it and get the confirmation email by October 28th to guarantee everything gets processed so you get the 9.62% rate in time. Anything after that will probably get the 6.48% (or whatever) rate.
