[sd_bear]

I was about to post that I get 3% here: http://capitalone.com/directbanking/online-savings-account/

But it looks like a week ago they lowered it to 2.6. Bastards. I really wish they would notify me when they did this.

[sd_bear]

I was about to post that I get 3% here: http://capitalone.com/directbanking/online-savings-account/

But it looks like a week ago they lowered it to 2.6. Bastards. I really wish they would notify me when they did this.

[sd_bear]

I was about to post that I get 3% here: http://capitalone.com/directbanking/online-savings-account/

But it looks like a week ago they lowered it to 2.6. Bastards. I really wish they would notify me when they did this.

[sd_bear]

I was about to post that I get 3% here: http://capitalone.com/directbanking/online-savings-account/

But it looks like a week ago they lowered it to 2.6. Bastards. I really wish they would notify me when they did this.

[sd_bear]

I was about to post that I get 3% here: http://capitalone.com/directbanking/online-savings-account/

But it looks like a week ago they lowered it to 2.6. Bastards. I really wish they would notify me when they did this.

[sd_bear]

[quote=cooperthedog]Definitely contribute to your ROTH. Its better to have the money tax sheltered, and you can still stay in “cash” if you wish.

In addition, have you considered selling cash-secured put options at the price your willing to buy the index at (Dow 7000 in your case)? You will receive relatively large premiums while the volatility is high. This still allows you to keep all your funds in a money market (plus the premium from selling the option). I’d recommend options 1-3 months out. The risk is that the index blows through your “7000” strike price (since you will be assigned at that price), this also makes the option much more valuable, thus closing out the position will cost considerably more then the index level at the time (closing out the position before expiration could result a net a loss even if the underlying is above the strike). If this interests you, familiarize yourself with options thoroughly.
[/quote]

i like this idea for my non IRA money. i will do more research into setting up put options at my targets.

[sd_bear]

[quote=cooperthedog]Definitely contribute to your ROTH. Its better to have the money tax sheltered, and you can still stay in “cash” if you wish.

In addition, have you considered selling cash-secured put options at the price your willing to buy the index at (Dow 7000 in your case)? You will receive relatively large premiums while the volatility is high. This still allows you to keep all your funds in a money market (plus the premium from selling the option). I’d recommend options 1-3 months out. The risk is that the index blows through your “7000” strike price (since you will be assigned at that price), this also makes the option much more valuable, thus closing out the position will cost considerably more then the index level at the time (closing out the position before expiration could result a net a loss even if the underlying is above the strike). If this interests you, familiarize yourself with options thoroughly.
[/quote]

i like this idea for my non IRA money. i will do more research into setting up put options at my targets.

[sd_bear]

[quote=cooperthedog]Definitely contribute to your ROTH. Its better to have the money tax sheltered, and you can still stay in “cash” if you wish.

In addition, have you considered selling cash-secured put options at the price your willing to buy the index at (Dow 7000 in your case)? You will receive relatively large premiums while the volatility is high. This still allows you to keep all your funds in a money market (plus the premium from selling the option). I’d recommend options 1-3 months out. The risk is that the index blows through your “7000” strike price (since you will be assigned at that price), this also makes the option much more valuable, thus closing out the position will cost considerably more then the index level at the time (closing out the position before expiration could result a net a loss even if the underlying is above the strike). If this interests you, familiarize yourself with options thoroughly.
[/quote]

i like this idea for my non IRA money. i will do more research into setting up put options at my targets.

[sd_bear]

[quote=cooperthedog]Definitely contribute to your ROTH. Its better to have the money tax sheltered, and you can still stay in “cash” if you wish.

In addition, have you considered selling cash-secured put options at the price your willing to buy the index at (Dow 7000 in your case)? You will receive relatively large premiums while the volatility is high. This still allows you to keep all your funds in a money market (plus the premium from selling the option). I’d recommend options 1-3 months out. The risk is that the index blows through your “7000” strike price (since you will be assigned at that price), this also makes the option much more valuable, thus closing out the position will cost considerably more then the index level at the time (closing out the position before expiration could result a net a loss even if the underlying is above the strike). If this interests you, familiarize yourself with options thoroughly.
[/quote]

i like this idea for my non IRA money. i will do more research into setting up put options at my targets.

[sd_bear]

[quote=cooperthedog]Definitely contribute to your ROTH. Its better to have the money tax sheltered, and you can still stay in “cash” if you wish.

In addition, have you considered selling cash-secured put options at the price your willing to buy the index at (Dow 7000 in your case)? You will receive relatively large premiums while the volatility is high. This still allows you to keep all your funds in a money market (plus the premium from selling the option). I’d recommend options 1-3 months out. The risk is that the index blows through your “7000” strike price (since you will be assigned at that price), this also makes the option much more valuable, thus closing out the position will cost considerably more then the index level at the time (closing out the position before expiration could result a net a loss even if the underlying is above the strike). If this interests you, familiarize yourself with options thoroughly.
[/quote]

i like this idea for my non IRA money. i will do more research into setting up put options at my targets.

[sd_bear]

stockstradr,

unfortunately im 26, 5k is 20% of my retirement portfolio. i know you deal with stocks all day but i don’t have the time, the patience, or the stomach to watch the wild swings and try to make a quick buck. i do appreciate the advice but i can’t commit to strategy’s like that right now.

i haven’t turned my back on stocks overall. ive had indexes since i was a kid, which is where the majority of my money has been, but for the retirement portion of my assets i was looking to be a bit more conservative in this climate and did not want to dedicate hours each day to manage it.

[sd_bear]

stockstradr,

unfortunately im 26, 5k is 20% of my retirement portfolio. i know you deal with stocks all day but i don’t have the time, the patience, or the stomach to watch the wild swings and try to make a quick buck. i do appreciate the advice but i can’t commit to strategy’s like that right now.

i haven’t turned my back on stocks overall. ive had indexes since i was a kid, which is where the majority of my money has been, but for the retirement portion of my assets i was looking to be a bit more conservative in this climate and did not want to dedicate hours each day to manage it.

[sd_bear]

stockstradr,

unfortunately im 26, 5k is 20% of my retirement portfolio. i know you deal with stocks all day but i don’t have the time, the patience, or the stomach to watch the wild swings and try to make a quick buck. i do appreciate the advice but i can’t commit to strategy’s like that right now.

i haven’t turned my back on stocks overall. ive had indexes since i was a kid, which is where the majority of my money has been, but for the retirement portion of my assets i was looking to be a bit more conservative in this climate and did not want to dedicate hours each day to manage it.

[sd_bear]

stockstradr,

unfortunately im 26, 5k is 20% of my retirement portfolio. i know you deal with stocks all day but i don’t have the time, the patience, or the stomach to watch the wild swings and try to make a quick buck. i do appreciate the advice but i can’t commit to strategy’s like that right now.

i haven’t turned my back on stocks overall. ive had indexes since i was a kid, which is where the majority of my money has been, but for the retirement portion of my assets i was looking to be a bit more conservative in this climate and did not want to dedicate hours each day to manage it.

[sd_bear]

stockstradr,

unfortunately im 26, 5k is 20% of my retirement portfolio. i know you deal with stocks all day but i don’t have the time, the patience, or the stomach to watch the wild swings and try to make a quick buck. i do appreciate the advice but i can’t commit to strategy’s like that right now.

i haven’t turned my back on stocks overall. ive had indexes since i was a kid, which is where the majority of my money has been, but for the retirement portion of my assets i was looking to be a bit more conservative in this climate and did not want to dedicate hours each day to manage it.

[Author]

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