Home › Forums › Financial Markets/Economics › Buying next year, what to do with down payment money?
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jimmyle.
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August 13, 2008 at 4:51 PM #256838August 13, 2008 at 4:51 PM #256886
NicMM
Participant[quote=FormerSanDiegan]NicMM – Surely these aren’t funds that you need within the next 1-3 years, right ?[/quote]
FSD, honestly I am not sure. But I have to admit I am not a very patient person. Last year I bought Baidu (BIDU) at $90 and told my coworkers that it would be my retirement golden mine. But I was knocked out when it dropped from $140 to $120. I kept kicking my butt when watching it shot to $180, $200, $300,…
History repeats itself a lot!!! Now I have accepted the fact that I can only earn the first 30% gain. Maybe that’s my destiny.August 13, 2008 at 5:40 PM #256655
CoronitaParticipantRegarding the HSBC deposits. Didn’t HSBC just recently close their offices here in SD and axed the entire auto-loan business? Seems like they had problems with sub-credit lending and now were unable to sell of that business unit. I’m just wondering what exposure HSBC has…
August 13, 2008 at 5:40 PM #256834CoronitaParticipantRegarding the HSBC deposits. Didn’t HSBC just recently close their offices here in SD and axed the entire auto-loan business? Seems like they had problems with sub-credit lending and now were unable to sell of that business unit. I’m just wondering what exposure HSBC has…
August 13, 2008 at 5:40 PM #256839CoronitaParticipantRegarding the HSBC deposits. Didn’t HSBC just recently close their offices here in SD and axed the entire auto-loan business? Seems like they had problems with sub-credit lending and now were unable to sell of that business unit. I’m just wondering what exposure HSBC has…
August 13, 2008 at 5:40 PM #256898CoronitaParticipantRegarding the HSBC deposits. Didn’t HSBC just recently close their offices here in SD and axed the entire auto-loan business? Seems like they had problems with sub-credit lending and now were unable to sell of that business unit. I’m just wondering what exposure HSBC has…
August 13, 2008 at 5:40 PM #256947CoronitaParticipantRegarding the HSBC deposits. Didn’t HSBC just recently close their offices here in SD and axed the entire auto-loan business? Seems like they had problems with sub-credit lending and now were unable to sell of that business unit. I’m just wondering what exposure HSBC has…
August 13, 2008 at 9:05 PM #256689EconProf
ParticipantAll of us are bemoaning the low interest rates on savings. This is another blow to the Americans who save rather than spend, and is a direct result of the Bernanke/Greenspan policy of helping the underwater lenders. Today’s Wall Street Journal had a good article about how enforced low interest rates are an underhanded way of helping banks by helping their spreads–the difference between their cost of funds and their lending rates. It has added directly to their profits of late, and it does so by taking it out of the hide of the few remaining Americans who actually save up for purchases, retirement, etc.
Some of these same policy-makers admonish us for not saving enough compared to the Japanese, europeans, and Chinese. Yet when inflation and taxes are taken into account, the real rate of return on even the best CDs is about a minus 3% per year.August 13, 2008 at 9:05 PM #256869ParticipantAll of us are bemoaning the low interest rates on savings. This is another blow to the Americans who save rather than spend, and is a direct result of the Bernanke/Greenspan policy of helping the underwater lenders. Today’s Wall Street Journal had a good article about how enforced low interest rates are an underhanded way of helping banks by helping their spreads–the difference between their cost of funds and their lending rates. It has added directly to their profits of late, and it does so by taking it out of the hide of the few remaining Americans who actually save up for purchases, retirement, etc.
Some of these same policy-makers admonish us for not saving enough compared to the Japanese, europeans, and Chinese. Yet when inflation and taxes are taken into account, the real rate of return on even the best CDs is about a minus 3% per year.August 13, 2008 at 9:05 PM #256875ParticipantAll of us are bemoaning the low interest rates on savings. This is another blow to the Americans who save rather than spend, and is a direct result of the Bernanke/Greenspan policy of helping the underwater lenders. Today’s Wall Street Journal had a good article about how enforced low interest rates are an underhanded way of helping banks by helping their spreads–the difference between their cost of funds and their lending rates. It has added directly to their profits of late, and it does so by taking it out of the hide of the few remaining Americans who actually save up for purchases, retirement, etc.
Some of these same policy-makers admonish us for not saving enough compared to the Japanese, europeans, and Chinese. Yet when inflation and taxes are taken into account, the real rate of return on even the best CDs is about a minus 3% per year.August 13, 2008 at 9:05 PM #256933ParticipantAll of us are bemoaning the low interest rates on savings. This is another blow to the Americans who save rather than spend, and is a direct result of the Bernanke/Greenspan policy of helping the underwater lenders. Today’s Wall Street Journal had a good article about how enforced low interest rates are an underhanded way of helping banks by helping their spreads–the difference between their cost of funds and their lending rates. It has added directly to their profits of late, and it does so by taking it out of the hide of the few remaining Americans who actually save up for purchases, retirement, etc.
Some of these same policy-makers admonish us for not saving enough compared to the Japanese, europeans, and Chinese. Yet when inflation and taxes are taken into account, the real rate of return on even the best CDs is about a minus 3% per year.August 13, 2008 at 9:05 PM #256981ParticipantAll of us are bemoaning the low interest rates on savings. This is another blow to the Americans who save rather than spend, and is a direct result of the Bernanke/Greenspan policy of helping the underwater lenders. Today’s Wall Street Journal had a good article about how enforced low interest rates are an underhanded way of helping banks by helping their spreads–the difference between their cost of funds and their lending rates. It has added directly to their profits of late, and it does so by taking it out of the hide of the few remaining Americans who actually save up for purchases, retirement, etc.
Some of these same policy-makers admonish us for not saving enough compared to the Japanese, europeans, and Chinese. Yet when inflation and taxes are taken into account, the real rate of return on even the best CDs is about a minus 3% per year.August 14, 2008 at 10:17 AM #256825cr
ParticipantThe Smith Barney / Citistreet account manager that misleads 401k investors where I work criticized many of us for having too much in money markets.
I’d put it in a money market or CD.
August 14, 2008 at 10:17 AM #257007ParticipantThe Smith Barney / Citistreet account manager that misleads 401k investors where I work criticized many of us for having too much in money markets.
I’d put it in a money market or CD.
August 14, 2008 at 10:17 AM #257009ParticipantThe Smith Barney / Citistreet account manager that misleads 401k investors where I work criticized many of us for having too much in money markets.
I’d put it in a money market or CD.
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