When will this stop?

[Navydoc]

I was living overseas when I opened it 2 years ago. These are Navy Fed’s rates as of April. I completely agree that the 2.3 is crappy, that’s why I posted. It really pisses me off. When the money becomes liquid in June I may be open to suggestions on what to do with it.

Please understand, I have NEVER stated I was a financial genius. I’ll leave that to the traders in here. Most of my efforts, this blog notwithstanding, go to making myself a better physician. As I’ve stated before, I think it is extremely difficult to be a good physician AND a good businessman. They seem to require different types of minds.

[David J]

Indymac is paying 4+ percent right now. At Indymac I would definitely keep it under FDIC limits with some room saved for the interest.

[David J]

Indymac is paying 4+ percent right now. At Indymac I would definitely keep it under FDIC limits with some room saved for the interest.

[David J]

Indymac is paying 4+ percent right now. At Indymac I would definitely keep it under FDIC limits with some room saved for the interest.

[David J]

Indymac is paying 4+ percent right now. At Indymac I would definitely keep it under FDIC limits with some room saved for the interest.

[David J]

Indymac is paying 4+ percent right now. At Indymac I would definitely keep it under FDIC limits with some room saved for the interest.

[enron_by_the_sea]

If you are willing to take a “little bit of risk”, you can open an account with Vanguard and keep your money in VANGUARD CA LONG-TERM TAX-EXEMPT mutual fund (VCITX). You will recive 4.35% yield that is largely exempt from federal and CA taxes ( so it could be something like 6.9% pretax if you are in 28% tax bracket). You can withdraw money any time.

There is some market risk here (For example in Feb and March the fund had some losses which it since then has recovered) but the risk is much less than stocks (or RE)

[enron_by_the_sea]

If you are willing to take a “little bit of risk”, you can open an account with Vanguard and keep your money in VANGUARD CA LONG-TERM TAX-EXEMPT mutual fund (VCITX). You will recive 4.35% yield that is largely exempt from federal and CA taxes ( so it could be something like 6.9% pretax if you are in 28% tax bracket). You can withdraw money any time.

There is some market risk here (For example in Feb and March the fund had some losses which it since then has recovered) but the risk is much less than stocks (or RE)

[enron_by_the_sea]

If you are willing to take a “little bit of risk”, you can open an account with Vanguard and keep your money in VANGUARD CA LONG-TERM TAX-EXEMPT mutual fund (VCITX). You will recive 4.35% yield that is largely exempt from federal and CA taxes ( so it could be something like 6.9% pretax if you are in 28% tax bracket). You can withdraw money any time.

There is some market risk here (For example in Feb and March the fund had some losses which it since then has recovered) but the risk is much less than stocks (or RE)

[enron_by_the_sea]

If you are willing to take a “little bit of risk”, you can open an account with Vanguard and keep your money in VANGUARD CA LONG-TERM TAX-EXEMPT mutual fund (VCITX). You will recive 4.35% yield that is largely exempt from federal and CA taxes ( so it could be something like 6.9% pretax if you are in 28% tax bracket). You can withdraw money any time.

There is some market risk here (For example in Feb and March the fund had some losses which it since then has recovered) but the risk is much less than stocks (or RE)

[enron_by_the_sea]

If you are willing to take a “little bit of risk”, you can open an account with Vanguard and keep your money in VANGUARD CA LONG-TERM TAX-EXEMPT mutual fund (VCITX). You will recive 4.35% yield that is largely exempt from federal and CA taxes ( so it could be something like 6.9% pretax if you are in 28% tax bracket). You can withdraw money any time.

There is some market risk here (For example in Feb and March the fund had some losses which it since then has recovered) but the risk is much less than stocks (or RE)

[akbarpunjabi]

I felt the same pain recently with a few navy fed CD’s that just matured, going from 6% APY down to 2.7% APY definitely hurts. So I took all the matured CD’s from Navy Fed and went around the corner to countrywide in mission valley and got 4.15% APY on a 12 month CD. Highest rate I could find and the banker there was very nice and friendly and honest about the current finacial crisis when we chit chatted with him while starting the CD. I wanted to stay with navy fed as i have everything with them but I couldnt justify the loss of interest and I asked and they would not match countrywide. Just stick to the FDIC limits and everything will be fine regardless who goes BK or merges with whomever.

[akbarpunjabi]

I felt the same pain recently with a few navy fed CD’s that just matured, going from 6% APY down to 2.7% APY definitely hurts. So I took all the matured CD’s from Navy Fed and went around the corner to countrywide in mission valley and got 4.15% APY on a 12 month CD. Highest rate I could find and the banker there was very nice and friendly and honest about the current finacial crisis when we chit chatted with him while starting the CD. I wanted to stay with navy fed as i have everything with them but I couldnt justify the loss of interest and I asked and they would not match countrywide. Just stick to the FDIC limits and everything will be fine regardless who goes BK or merges with whomever.

[akbarpunjabi]

I felt the same pain recently with a few navy fed CD’s that just matured, going from 6% APY down to 2.7% APY definitely hurts. So I took all the matured CD’s from Navy Fed and went around the corner to countrywide in mission valley and got 4.15% APY on a 12 month CD. Highest rate I could find and the banker there was very nice and friendly and honest about the current finacial crisis when we chit chatted with him while starting the CD. I wanted to stay with navy fed as i have everything with them but I couldnt justify the loss of interest and I asked and they would not match countrywide. Just stick to the FDIC limits and everything will be fine regardless who goes BK or merges with whomever.

[akbarpunjabi]

I felt the same pain recently with a few navy fed CD’s that just matured, going from 6% APY down to 2.7% APY definitely hurts. So I took all the matured CD’s from Navy Fed and went around the corner to countrywide in mission valley and got 4.15% APY on a 12 month CD. Highest rate I could find and the banker there was very nice and friendly and honest about the current finacial crisis when we chit chatted with him while starting the CD. I wanted to stay with navy fed as i have everything with them but I couldnt justify the loss of interest and I asked and they would not match countrywide. Just stick to the FDIC limits and everything will be fine regardless who goes BK or merges with whomever.

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