Fed cuts rates... again Options

[Spectatrix]

... by three quarters of a percent. Thoughts?

[Spectatrix]

No offense, but you're one of the last people I'd take financial advice from.

It's good to have savings at various levels of volatility. My emergency fund and house fund are staying put in savings accounts or CDs. I want stable gains since I plan to buy a house in a couple of years. My IRA, on the contrary, is in very aggressive, very risky mutual funds. Once I've bought a house and aren't funneling most of my savings into that fund, I'll worry about playing around with the stock market.

This post has been edited by Spectatrix: Jan 24 2008, 01:51 PM

[impala454]

No offense, but you're one of the last people I'd take financial advice from.

Not sure why you have that impression of me but oh well. Perhaps you can explain to me why.

It's good to have savings at various levels of volatility. My emergency fund and house fund are staying put in savings accounts or CDs. I want stable gains since I plan to buy a house in a couple of years. My IRA, on the contrary, is in very aggressive, very risky mutual funds. Once I've bought a house and aren't funneling most of my savings into that fund, I'll worry about playing around with the stock market.

Well then you're already doing what I suggested anyways . You didn't mention that. All I've ever seen you talk about on here is your 4% APY this and that. Aggresive mutual funds' positions are typically 75-100% stock positions.

[Spectatrix]

Not sure why you have that impression of me but oh well. Perhaps you can explain to me why.

Your advice on credit cards, mostly.

Well then you're already doing what I suggested anyways . You didn't mention that. All I've ever seen you talk about on here is your 4% APY this and that. Aggresive mutual funds' positions are typically 75-100% stock positions.

I talk about the 4% stuff on here because my shorter-term savings are what I deal with day-to-day (well, not quite that often, but you get the point). I don't worry so much about my IRA because that's long-term (40+ years) supplemental retirement funds and I'm content to let it sit and go crazily up and down like it's prone to. I don't deal with the stock market otherwise (yet) because I have more near-term concerns and not *that* much liquidity.

[impala454]

Your advice on credit cards, mostly.

Which was what? that carrying a balance on a 0% interest card is good? I still stand by that 100%

I talk about the 4% stuff on here because my shorter-term savings are what I deal with day-to-day (well, not quite that often, but you get the point). I don't worry so much about my IRA because that's long-term (40+ years) supplemental retirement funds and I'm content to let it sit and go crazily up and down like it's prone to. I don't deal with the stock market otherwise (yet) because I have more near-term concerns and not *that* much liquidity.

But if you have an aggresive IRA you are invested in the stock market.