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November 2, 2017 4:58 pm at 4:58 pm in reply to: My savings account and CDs are earning almost no interest, any solutions? #1395062BubbyLKWDParticipant
Are preferred stock safe from going down? Or just safER than regular stocks?
November 1, 2017 2:18 pm at 2:18 pm in reply to: My savings account and CDs are earning almost no interest, any solutions? #1393703BubbyLKWDParticipantI’m not necessarily going to need the money in the short term. The drawback in investing directly in the S&P 500 index is that I may need the money and I can’t wait for the market to recover. In 2008 people lost so much of their retirement because they needed the money when the market is down. It didn’t help to hear the market will recover, they needed the money now.
October 31, 2017 11:54 pm at 11:54 pm in reply to: My savings account and CDs are earning almost no interest, any solutions? #1392739BubbyLKWDParticipantThe account mentioned on Dr of credit allows you to put in a maximum of $5,000. While that’s very nice, I am dealing with 6 figures.
October 31, 2017 11:29 pm at 11:29 pm in reply to: My savings account and CDs are earning almost no interest, any solutions? #1392711BubbyLKWDParticipantWhile over the long term the index recovers, it can sometimes takes years to recover. If the market crashes 50% in year 1 you need a 100% gain in year 2 just to break even. I can’t afford that.
Safer bonds, not junk bonds are ridiculously low yield.
The peer to peer lending sounds interesting. I have to research the safety and about how easy it is to cash out on the loan.
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