Where is the best place to put my money?

[IT.MOM]

My experience is just put the dough in a trusted professional financial investor’s hand. I tried to buy stocks and mutual funds myself, but I have never made significant amount of money, because I couldn’t spend all the time needed for monitoring the market. But my hired fulltime “investor” did better than me by investing in futures, options, commodities even after all the commission I paid him.

[Coronita]

My opinion…Don’t even bother to try to “invest” this money if you think you’ll be using it to buy a house….Keep it in cash in an short term cd or just keep it in savings (insured).

Trying to gamble on money you need in the short term has undesirable consequences. Plus you aren’t really going to be missing much keeping it liquid because I seriously doubt inflation is going to be going up significantly in the next 6 months to a year or even 2 years….Especially with the fed intervening willie-nillie…

I do have an account with Ally… “investing” in demand notes (NOT INSURED) with a 2.25 (use to be GMAC demand notes, until Ally acquired them)…

Link here.
http://www.ally.com/about/investor/products/demand-notes/index.html#tabs=default

Interest rate is only 2.25%, which I’m sure you can find with a longer term CD. However, unlike the CD’s, money is fairly liquid. The tradeoff is that THIS IS NOT INSURED… It’s essentially a promissary note… Money in this account fairly liquid, in which I am a wire transfer away from moving funds from it into a normal savings bank account anytime i need to…(particularly useful during the the time right before GM went bankrupt 🙂 )…I don’t keep much in it, just a tad… Standard disclaimers apply, and you should particularly read the prospectus….Some think this is way too much risk for very little return… I tend to agree, which again is why I emphasize, I only keep a small portion in here and make sure it’s electronically linked to my FDIC insured account.

The Demand Notes are unsecured and unsubordinated debt obligations of Ally Financial Inc. ranking equally with all of our other unsecured, unsubordinated, and unguaranteed obligations (other than obligations preferred by mandatory provisions of law). The Demand Notes are not obligations of or guaranteed by General Motors Company (“GM” or “General Motors”), The Bank of New York Mellon, the Processing Agent for the Demand Notes, or any other company. Only the assets of Ally Financial Inc. are available for the payment of principal and interest. It is possible for investors to lose their investment if Ally Financial Inc. is unable to pay its obligations.

Considering most CD’s are 1-1.5%, you have to ask yourself are you willing to gamble on something for an extra 1%…

Anyone else have a more liquidable form beyond 2.25%, let me know…

[Coronita]

My opinion…Don’t even bother to try to “invest” this money if you think you’ll be using it to buy a house….Keep it in cash in an short term cd or just keep it in savings (insured).

Trying to gamble on money you need in the short term has undesirable consequences. Plus you aren’t really going to be missing much keeping it liquid because I seriously doubt inflation is going to be going up significantly in the next 6 months to a year or even 2 years….Especially with the fed intervening willie-nillie…

I do have an account with Ally… “investing” in demand notes (NOT INSURED) with a 2.25 (use to be GMAC demand notes, until Ally acquired them)…

Link here.
http://www.ally.com/about/investor/products/demand-notes/index.html#tabs=default

Interest rate is only 2.25%, which I’m sure you can find with a longer term CD. However, unlike the CD’s, money is fairly liquid. The tradeoff is that THIS IS NOT INSURED… It’s essentially a promissary note… Money in this account fairly liquid, in which I am a wire transfer away from moving funds from it into a normal savings bank account anytime i need to…(particularly useful during the the time right before GM went bankrupt 🙂 )…I don’t keep much in it, just a tad… Standard disclaimers apply, and you should particularly read the prospectus….Some think this is way too much risk for very little return… I tend to agree, which again is why I emphasize, I only keep a small portion in here and make sure it’s electronically linked to my FDIC insured account.

The Demand Notes are unsecured and unsubordinated debt obligations of Ally Financial Inc. ranking equally with all of our other unsecured, unsubordinated, and unguaranteed obligations (other than obligations preferred by mandatory provisions of law). The Demand Notes are not obligations of or guaranteed by General Motors Company (“GM” or “General Motors”), The Bank of New York Mellon, the Processing Agent for the Demand Notes, or any other company. Only the assets of Ally Financial Inc. are available for the payment of principal and interest. It is possible for investors to lose their investment if Ally Financial Inc. is unable to pay its obligations.

Considering most CD’s are 1-1.5%, you have to ask yourself are you willing to gamble on something for an extra 1%…

Anyone else have a more liquidable form beyond 2.25%, let me know…

[Coronita]

My opinion…Don’t even bother to try to “invest” this money if you think you’ll be using it to buy a house….Keep it in cash in an short term cd or just keep it in savings (insured).

Trying to gamble on money you need in the short term has undesirable consequences. Plus you aren’t really going to be missing much keeping it liquid because I seriously doubt inflation is going to be going up significantly in the next 6 months to a year or even 2 years….Especially with the fed intervening willie-nillie…

I do have an account with Ally… “investing” in demand notes (NOT INSURED) with a 2.25 (use to be GMAC demand notes, until Ally acquired them)…

Link here.
http://www.ally.com/about/investor/products/demand-notes/index.html#tabs=default

Interest rate is only 2.25%, which I’m sure you can find with a longer term CD. However, unlike the CD’s, money is fairly liquid. The tradeoff is that THIS IS NOT INSURED… It’s essentially a promissary note… Money in this account fairly liquid, in which I am a wire transfer away from moving funds from it into a normal savings bank account anytime i need to…(particularly useful during the the time right before GM went bankrupt 🙂 )…I don’t keep much in it, just a tad… Standard disclaimers apply, and you should particularly read the prospectus….Some think this is way too much risk for very little return… I tend to agree, which again is why I emphasize, I only keep a small portion in here and make sure it’s electronically linked to my FDIC insured account.

The Demand Notes are unsecured and unsubordinated debt obligations of Ally Financial Inc. ranking equally with all of our other unsecured, unsubordinated, and unguaranteed obligations (other than obligations preferred by mandatory provisions of law). The Demand Notes are not obligations of or guaranteed by General Motors Company (“GM” or “General Motors”), The Bank of New York Mellon, the Processing Agent for the Demand Notes, or any other company. Only the assets of Ally Financial Inc. are available for the payment of principal and interest. It is possible for investors to lose their investment if Ally Financial Inc. is unable to pay its obligations.

Considering most CD’s are 1-1.5%, you have to ask yourself are you willing to gamble on something for an extra 1%…

Anyone else have a more liquidable form beyond 2.25%, let me know…

[Coronita]

My opinion…Don’t even bother to try to “invest” this money if you think you’ll be using it to buy a house….Keep it in cash in an short term cd or just keep it in savings (insured).

Trying to gamble on money you need in the short term has undesirable consequences. Plus you aren’t really going to be missing much keeping it liquid because I seriously doubt inflation is going to be going up significantly in the next 6 months to a year or even 2 years….Especially with the fed intervening willie-nillie…

I do have an account with Ally… “investing” in demand notes (NOT INSURED) with a 2.25 (use to be GMAC demand notes, until Ally acquired them)…

Link here.
http://www.ally.com/about/investor/products/demand-notes/index.html#tabs=default

Interest rate is only 2.25%, which I’m sure you can find with a longer term CD. However, unlike the CD’s, money is fairly liquid. The tradeoff is that THIS IS NOT INSURED… It’s essentially a promissary note… Money in this account fairly liquid, in which I am a wire transfer away from moving funds from it into a normal savings bank account anytime i need to…(particularly useful during the the time right before GM went bankrupt 🙂 )…I don’t keep much in it, just a tad… Standard disclaimers apply, and you should particularly read the prospectus….Some think this is way too much risk for very little return… I tend to agree, which again is why I emphasize, I only keep a small portion in here and make sure it’s electronically linked to my FDIC insured account.

The Demand Notes are unsecured and unsubordinated debt obligations of Ally Financial Inc. ranking equally with all of our other unsecured, unsubordinated, and unguaranteed obligations (other than obligations preferred by mandatory provisions of law). The Demand Notes are not obligations of or guaranteed by General Motors Company (“GM” or “General Motors”), The Bank of New York Mellon, the Processing Agent for the Demand Notes, or any other company. Only the assets of Ally Financial Inc. are available for the payment of principal and interest. It is possible for investors to lose their investment if Ally Financial Inc. is unable to pay its obligations.

Considering most CD’s are 1-1.5%, you have to ask yourself are you willing to gamble on something for an extra 1%…

Anyone else have a more liquidable form beyond 2.25%, let me know…

[Coronita]

My opinion…Don’t even bother to try to “invest” this money if you think you’ll be using it to buy a house….Keep it in cash in an short term cd or just keep it in savings (insured).

Trying to gamble on money you need in the short term has undesirable consequences. Plus you aren’t really going to be missing much keeping it liquid because I seriously doubt inflation is going to be going up significantly in the next 6 months to a year or even 2 years….Especially with the fed intervening willie-nillie…

I do have an account with Ally… “investing” in demand notes (NOT INSURED) with a 2.25 (use to be GMAC demand notes, until Ally acquired them)…

Link here.
http://www.ally.com/about/investor/products/demand-notes/index.html#tabs=default

Interest rate is only 2.25%, which I’m sure you can find with a longer term CD. However, unlike the CD’s, money is fairly liquid. The tradeoff is that THIS IS NOT INSURED… It’s essentially a promissary note… Money in this account fairly liquid, in which I am a wire transfer away from moving funds from it into a normal savings bank account anytime i need to…(particularly useful during the the time right before GM went bankrupt 🙂 )…I don’t keep much in it, just a tad… Standard disclaimers apply, and you should particularly read the prospectus….Some think this is way too much risk for very little return… I tend to agree, which again is why I emphasize, I only keep a small portion in here and make sure it’s electronically linked to my FDIC insured account.

The Demand Notes are unsecured and unsubordinated debt obligations of Ally Financial Inc. ranking equally with all of our other unsecured, unsubordinated, and unguaranteed obligations (other than obligations preferred by mandatory provisions of law). The Demand Notes are not obligations of or guaranteed by General Motors Company (“GM” or “General Motors”), The Bank of New York Mellon, the Processing Agent for the Demand Notes, or any other company. Only the assets of Ally Financial Inc. are available for the payment of principal and interest. It is possible for investors to lose their investment if Ally Financial Inc. is unable to pay its obligations.

Considering most CD’s are 1-1.5%, you have to ask yourself are you willing to gamble on something for an extra 1%…

Anyone else have a more liquidable form beyond 2.25%, let me know…

[Coronita]

[quote=UCGal]I rolled a cd last week. From a 4.5% one (that expired darn it) to a 2+ percent one.

I signed up for the 60 month non-promotion rate – after asking about what I’d lose for early withdrawal. I do not *plan* on needing the money in the near term – this is my emergency fund (you know, in case I get laid off, etc.) If I need to cash it out and it’s been less than a year, I forfeit 90 days of interest. If I need to cash it out and it’s been more than a year – I forfeit 180 days of interest.

I just checked the website
http://www.sdccu.com/pages/rates/DepositRates.pdf
The rates are pretty much the same as last week…
The cd rates are on the 2nd page of the pdf.[/quote]

54 months is an awfully long time for a 2.65% rate imho.

[Coronita]

[quote=UCGal]I rolled a cd last week. From a 4.5% one (that expired darn it) to a 2+ percent one.

I signed up for the 60 month non-promotion rate – after asking about what I’d lose for early withdrawal. I do not *plan* on needing the money in the near term – this is my emergency fund (you know, in case I get laid off, etc.) If I need to cash it out and it’s been less than a year, I forfeit 90 days of interest. If I need to cash it out and it’s been more than a year – I forfeit 180 days of interest.

I just checked the website
http://www.sdccu.com/pages/rates/DepositRates.pdf
The rates are pretty much the same as last week…
The cd rates are on the 2nd page of the pdf.[/quote]

54 months is an awfully long time for a 2.65% rate imho.

[Coronita]

[quote=UCGal]I rolled a cd last week. From a 4.5% one (that expired darn it) to a 2+ percent one.

I signed up for the 60 month non-promotion rate – after asking about what I’d lose for early withdrawal. I do not *plan* on needing the money in the near term – this is my emergency fund (you know, in case I get laid off, etc.) If I need to cash it out and it’s been less than a year, I forfeit 90 days of interest. If I need to cash it out and it’s been more than a year – I forfeit 180 days of interest.

I just checked the website
http://www.sdccu.com/pages/rates/DepositRates.pdf
The rates are pretty much the same as last week…
The cd rates are on the 2nd page of the pdf.[/quote]

54 months is an awfully long time for a 2.65% rate imho.

[Coronita]

[quote=UCGal]I rolled a cd last week. From a 4.5% one (that expired darn it) to a 2+ percent one.

I signed up for the 60 month non-promotion rate – after asking about what I’d lose for early withdrawal. I do not *plan* on needing the money in the near term – this is my emergency fund (you know, in case I get laid off, etc.) If I need to cash it out and it’s been less than a year, I forfeit 90 days of interest. If I need to cash it out and it’s been more than a year – I forfeit 180 days of interest.

I just checked the website
http://www.sdccu.com/pages/rates/DepositRates.pdf
The rates are pretty much the same as last week…
The cd rates are on the 2nd page of the pdf.[/quote]

54 months is an awfully long time for a 2.65% rate imho.

[Coronita]

[quote=UCGal]I rolled a cd last week. From a 4.5% one (that expired darn it) to a 2+ percent one.

I signed up for the 60 month non-promotion rate – after asking about what I’d lose for early withdrawal. I do not *plan* on needing the money in the near term – this is my emergency fund (you know, in case I get laid off, etc.) If I need to cash it out and it’s been less than a year, I forfeit 90 days of interest. If I need to cash it out and it’s been more than a year – I forfeit 180 days of interest.

I just checked the website
http://www.sdccu.com/pages/rates/DepositRates.pdf
The rates are pretty much the same as last week…
The cd rates are on the 2nd page of the pdf.[/quote]

54 months is an awfully long time for a 2.65% rate imho.

[andymajumder]

Seriously, if San Diego homes loose 80% of their value from the peak over the next 5 yrs….that would mean the economy has been completely destroyed by then and we are in a severe depression. Frankly, home prices would be least of my concern by then when I am standing in soup line with my kid and wife (I assuming we both would have lost our jobs by than).
Its great that you got your calls right till now, but don’t get carried away by negativity. I would advise you read Rick’s analysis on inflation and how the Fed can create significant inflation eventually if they keep the printing presses on.

Will quality of life degrade for average american over the next couple of decades? probably yes. But, it will actually happen in the form of inflation as an additional form of taxation, where we will be spending a higher percantage of our disposable income on basic necessities of life like food, housing and clothing, like the rest of the world already does.

[andymajumder]

Seriously, if San Diego homes loose 80% of their value from the peak over the next 5 yrs….that would mean the economy has been completely destroyed by then and we are in a severe depression. Frankly, home prices would be least of my concern by then when I am standing in soup line with my kid and wife (I assuming we both would have lost our jobs by than).
Its great that you got your calls right till now, but don’t get carried away by negativity. I would advise you read Rick’s analysis on inflation and how the Fed can create significant inflation eventually if they keep the printing presses on.

Will quality of life degrade for average american over the next couple of decades? probably yes. But, it will actually happen in the form of inflation as an additional form of taxation, where we will be spending a higher percantage of our disposable income on basic necessities of life like food, housing and clothing, like the rest of the world already does.

[andymajumder]

Seriously, if San Diego homes loose 80% of their value from the peak over the next 5 yrs….that would mean the economy has been completely destroyed by then and we are in a severe depression. Frankly, home prices would be least of my concern by then when I am standing in soup line with my kid and wife (I assuming we both would have lost our jobs by than).
Its great that you got your calls right till now, but don’t get carried away by negativity. I would advise you read Rick’s analysis on inflation and how the Fed can create significant inflation eventually if they keep the printing presses on.

Will quality of life degrade for average american over the next couple of decades? probably yes. But, it will actually happen in the form of inflation as an additional form of taxation, where we will be spending a higher percantage of our disposable income on basic necessities of life like food, housing and clothing, like the rest of the world already does.

[andymajumder]

Seriously, if San Diego homes loose 80% of their value from the peak over the next 5 yrs….that would mean the economy has been completely destroyed by then and we are in a severe depression. Frankly, home prices would be least of my concern by then when I am standing in soup line with my kid and wife (I assuming we both would have lost our jobs by than).
Its great that you got your calls right till now, but don’t get carried away by negativity. I would advise you read Rick’s analysis on inflation and how the Fed can create significant inflation eventually if they keep the printing presses on.

Will quality of life degrade for average american over the next couple of decades? probably yes. But, it will actually happen in the form of inflation as an additional form of taxation, where we will be spending a higher percantage of our disposable income on basic necessities of life like food, housing and clothing, like the rest of the world already does.

[Author]

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