Fed cuts rates... again Options

[Spectatrix]

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

[impala454]

No offense but you guys seriously sound like a bunch of old fogeys talkin about CDs and 4.85% APY. We're all young people, get your damn money in some stocks and funds. Sure it'll fluctuate more but you'll see much bigger gains in the end. CDs are for old people who've got $500k in the bank. When that time rolls around, the CDs you buy and turn over will pay the bills. Your CDs you're buyin now and turning over will buy you a new jacket or something.

[jwttu]

No offense but you guys seriously sound like a bunch of old fogeys talkin about CDs and 4.85% APY. We're all young people, get your damn money in some stocks and funds. Sure it'll fluctuate more but you'll see much bigger gains in the end. CDs are for old people who've got $500k in the bank. When that time rolls around, the CDs you buy and turn over will pay the bills. Your CDs you're buyin now and turning over will buy you a new jacket or something.

well that money is all i have right now, except a small amount in the stock markets. So I'd like to have in relatively liquid accounts and getting a decent return. Once i start getting a regular income I'll move to riskier investments.

[impala454]

well that money is all i have right now, except a small amount in the stock markets. So I'd like to have in relatively liquid accounts and getting a decent return. Once i start getting a regular income I'll move to riskier investments.

But CDs are not even remotely liquid... You're freezing up your money to get a small (albeit consistant)return out of it. The reason they can guarantee the rate for six months is because you're not allowed to touch it. You're essentially guaranteeing them assets at the same time. Just as a suggestion, you should check around or even with your bank to see what kind of interest rates you can get a regular savings account with. I think you might be surprised at the rates you can get, plus you have access to your money at all times.

[jwttu]

But CDs are not even remotely liquid... You're freezing up your money to get a small (albeit consistant)return out of it. The reason they can guarantee the rate for six months is because you're not allowed to touch it. You're essentially guaranteeing them assets at the same time. Just as a suggestion, you should check around or even with your bank to see what kind of interest rates you can get a regular savings account with. I think you might be surprised at the rates you can get, plus you have access to your money at all times.

ya if i did put my money in a cd, I would save some of it to get me by until the cd matures. Obviously this isnt the best situation so I'm still looking at the rates on everything.

I'm at least gonna hold off on changing anything till after the next FOMC meeting to see what they are gonna with the interest rate. I might be better off keeping my money in my MMA for the time being. fyi the fomc meeting is the 29/30th of January