CDs about to mature; what's my next move?
- Thread starter irvinesinglemom_IHB
- Start date
NEW -> Contingent Buyer Assistance Program
lendingmaestro_IHB
New member
Some are and some aren't. The bank should provide you a statement when you open the account verifying whether it is FDIC insured or not.
mino2126_IHB
New member
Just an FYI...mine at TD-Ameritrade are not FDIC insured. Most of the time if you look at your statement it will have a disclaimer at the bottom stating if it is covered or not. Most retail banks that have you put money into those funds are FDIC Insured.
IrvinePerson_IHB
New member
Money Market Accounts are usually FDIC insured by the bank.
Money Market Funds are usually NOT FDIC insured.
Money Market Funds are usually NOT FDIC insured.
graphrix_IHB
New member
I have some MBS CDOs I bought really cheap, I would be willing to cut anyone in on them. Don't worry, just because there are no bids right now, it will come back. Once the market comes back, I could see a 30%-40% profit.
So, who is in?
So, who is in?
irvinefsbo_IHB
New member
<p>ism:</p>
<p>Lockheed Federal Credit union is paying 5% for savings of $100k or more. You can keep your money there without agonizing.</p>
<p><a href="http://www.lockheedfcu.org/Rates/Savings_Rates/">http://www.lockheedfcu.org/Rates/Savings_Rates/</a></p>
<p>Anyone can join, by joining the Achiever's club call them for more info.</p>
<p>I too have money set aside for a real estate purchase in Jan 2008. But with your longer time frame, I definitely would look into gold like awgee recommends.</p>
<p>I like AUS$ vs euro, but I haven't figured out a good way to hold foreign accounts. Other than Perth mint certificates from <a href="http://www.kitco.com">www.kitco.com</a>. Whatever you do, get yourself as close to the asset as possible, or in an insured account. If any financial institution declares bankruptcy, you don't want to worry.</p>
<p> </p>
<p>Lockheed Federal Credit union is paying 5% for savings of $100k or more. You can keep your money there without agonizing.</p>
<p><a href="http://www.lockheedfcu.org/Rates/Savings_Rates/">http://www.lockheedfcu.org/Rates/Savings_Rates/</a></p>
<p>Anyone can join, by joining the Achiever's club call them for more info.</p>
<p>I too have money set aside for a real estate purchase in Jan 2008. But with your longer time frame, I definitely would look into gold like awgee recommends.</p>
<p>I like AUS$ vs euro, but I haven't figured out a good way to hold foreign accounts. Other than Perth mint certificates from <a href="http://www.kitco.com">www.kitco.com</a>. Whatever you do, get yourself as close to the asset as possible, or in an insured account. If any financial institution declares bankruptcy, you don't want to worry.</p>
<p> </p>
balboarenter_IHB
New member
I'm throwing in a plug for Vanguard's money market fund accounts. Because of their low expenses, they offer very competitive yields. Also, they don't have significant exposure to MBS or ABS.
https://personal.vanguard.com/VGApp...s_and_Views/news_ALL_mmtreas_08212007_ALL.jsp
If you're saving for a relatively short-term goal, like buying a house in 2010, bonds and stocks are not the way to go. As IrvineRenter pointed out, the direction in which they swing over the next few years is somewhat dependent on what the Fed does. Rather than try to predict the short-term future, I'd go with the CDs as other people have suggested.
https://personal.vanguard.com/VGApp...s_and_Views/news_ALL_mmtreas_08212007_ALL.jsp
If you're saving for a relatively short-term goal, like buying a house in 2010, bonds and stocks are not the way to go. As IrvineRenter pointed out, the direction in which they swing over the next few years is somewhat dependent on what the Fed does. Rather than try to predict the short-term future, I'd go with the CDs as other people have suggested.