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3% 5 Year CD @ Mercantil Bank

  1. #31
    Join Date
    Apr 2014
    Location
    Arizona
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    287
    For me, CD's are a non-risk addition to my savings. I have a fair amount in an Ally account that is 1.6%, which is good nowadays for a plain ole savings account. However, when I read the posting yesterday about a CD accumulating 5% (I think) over 5 years, I started looking around for CD rates. I didn't want to tie up my $$ for 5 years so I opted for a 2 year CD @ 2.35% at Ally. I will ladder another CD for maybe 18 months (I forget what the interest is).



    Since I'm 71 and don't plan on trying to strike it rich with anything, especially with stocks or mutual's or bonds that I don't understand how it all works, I'm just trying to do the best I can with what little I have and earn a little more interest. Who knows what the future will bring, so every $$ counts.

  2. #32
    Join Date
    Feb 2018
    Location
    Houston, Texas
    Posts
    906
    Why does this forum have a sponsor claiming 9.6 annuity returns like "info.annuityallliance.com"?

  3. #33
    Join Date
    Aug 2016
    Location
    Near Mount Pilot
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    5,333
    Quote Originally Posted by fmdog44 View Post
    Why does this forum have a sponsor claiming 9.6 annuity returns like "info.annuityallliance.com"?
    I have not seen the adv. but it may be a little bit of smoke and mirrors.

    Some annuities advertise high guaranteed growth rates but they only allow a much lower capped withdrawal rate so you never get the benefit.

    I would listen to the sales pitch but remain skeptical, if it sounds too good to be true it probably is.

  4. #34
    Join Date
    Jul 2016
    Location
    bayside ,queens , ny
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    Quote Originally Posted by KingsX View Post
    This is a CD topic and like all CD topics I've witnessed here,
    it has been usurped by posters who berate CDs.

    We are all intelligent adults here. We make our own choices
    based on our own preferences and needs. No need to berate
    those who choose CDs.

    .
    i would like to see the posts that berate buying cd's ????????????????? i don't see not one in this thread . i see facts , and i see opinions on rates .

  5. #35
    Join Date
    Dec 2017
    Location
    Texas
    Posts
    1,081
    .

    Maybe another wild stock market ride will deter you...
    although it didn't the last time you trashed a CD topic.

    .

  6. #36
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    Jul 2016
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    bayside ,queens , ny
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    stop with your silly answers . that is total nonsense as a reply and i still challenge you to show where buying cd's was berated ??????? the only thing i see is the reverse - a lot of nonsensical fear mongering trying to portray equities as some villain . facts show you are quite wrong .

  7. #37
    Join Date
    Feb 2018
    Location
    Houston, Texas
    Posts
    906
    You should have both safe money and invested money and if you are 100% in stocks and bonds you are stupid. If you are 100% in safe money do not expect growth. It cannot be said nay clearer.

  8. #38
    Join Date
    Jul 2016
    Location
    bayside ,queens , ny
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    you do not need much cash , bonds work fine as safe money . just match the duration to the time frame you need the money . i keep 4% cash which shrinks less and less through the year as it is spent down . then the bonds and stocks are rebalanced for the following year . more cash than that is not needed unless there is a specific use. the combination of assorted bond time frames and a bit of cash works fine and always has .

    the allure of these cash buckets with years of cash have been found to accomplish nothing that simply rebalancing bonds and stocks wouldn't do .except bonds tend to work better over time than holding years of cash. .


    https://www.kitces.com/blog/are-reti...cation-mirage/
    Last edited by mathjak107; 05-20-2018 at 02:19 PM.

  9. #39
    Join Date
    Dec 2017
    Location
    Texas
    Posts
    1,081
    .

    I was able to free up extra money to put into another 5 year 3.10% CD with First Guaranty Bank.
    [when you have a FG checking account, they give you an extra .10 bump up on the rate.]

    .

  10. #40
    Join Date
    Jun 2018
    Location
    FL
    Posts
    79
    I just dumped 25% of my retirement money into a Ladder of CDs with Synchrony Bank. I also opened up two mutural funds with a 60/40 bond to stock split but since I do not need this money for 10 years I am waiting for the next bull market and then buying stock at cheap prices. For now, CDs and a high yield savings account work for me. I have tried to get my sister to use on online bank for her CDs but she wants to stay with her brick and mortar bank and get a little over 1% on a 5 year CD when I am getting 2.85%.

  11. #41
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    Jul 2016
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    we should see a tick up today

  12. #42
    Join Date
    Feb 2018
    Location
    Houston, Texas
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    Quote Originally Posted by Vinny View Post
    I just dumped 25% of my retirement money into a Ladder of CDs with Synchrony Bank. I also opened up two mutural funds with a 60/40 bond to stock split but since I do not need this money for 10 years I am waiting for the next bull market and then buying stock at cheap prices. For now, CDs and a high yield savings account work for me. I have tried to get my sister to use on online bank for her CDs but she wants to stay with her brick and mortar bank and get a little over 1% on a 5 year CD when I am getting 2.85%.
    I caution anyone trying to time bull or bear markets because you never know when they will start and end. Dollar cost averaging is something you may want to examine. Getting 1%+ on a five year CD s actually losing money as re all rates below inflation. There are savings accounts with higher yields.

  13. #43
    Join Date
    Oct 2016
    Posts
    1,102
    The utility I bought 1000 shares of on 5/17 @$26.75 just went past $28.75 On July 2 @ .41 a share with no reduction in the capital gain the dividend will probably be about 14 share increase. Granted 14 shares is a tiny amount bur as I pointed out this purchase is a nest egg for our sons.

    If there was no compounding and the dividend never increased a straight 56 shares x about 20 years until they inherit the original purchase amount will have doubled. But stocks rise and fall by then it's possible for the utility to have increased in capital value as it has done in past years. And yes decrease is the other potential.

    Either way a nice gift for when that time comes. The projection is for the dividend to increase by 4% each year for the next 10 years. Projections and reality often differ.

  14. #44
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    Jul 2016
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    bayside ,queens , ny
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    what utility is it ?

  15. #45
    Join Date
    Oct 2016
    Posts
    1,102
    Quote Originally Posted by mathjak107 View Post
    what utility is it ?
    PPL Corporation is a multinational investor-owned utility company, servicing the UK and parts of the United States. PPL Electric Utilities delivers electricity to residents and businesses in eastern and central Pennsylvania.
    https://www.consumeraffairs.com/util...ity-companies/




    $28.79* 0.53 up 1.88%
    *Delayed - data as of Jun. 25, 2018 -


    https://www.nasdaq.com/symbol/ppl


    1 Year Target 33
    Today's High / Low $ 28.87 / $ 28.27
    Share Volume 10,192,733
    90 Day Avg. Daily Volume 7,482,580
    Previous Close $ 28.26
    52 Week High / Low $ 39.90 / $ 25.30
    Market Cap 21,946,775,489
    P/E Ratio 16.94
    Forward P/E (1y) 12.29
    Earnings Per Share (EPS) $ 1.70
    Annualized Dividend $ 1.64
    Ex Dividend Date 6/7/2018
    Dividend Payment Date 7/2/2018
    Current Yield 5.80 %
    Beta 0.06

    This particular stock my wife has in her portfolio closing in on 40,000 shares. The way our expenses and lifestyle are the dividend alone will be more than enough to take care of her needs & wants after I croak. My accounts will transfer to her automatically so if she doesn't blow the money on a boyfriend our kids will do well in the inheritance department.

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