JTH's Account Talk

[Gumby]

So far this morning we are holding SPX support at 804. Could have made a tail.

For today anyway. We will see what the rest of the week brings.

 

[JTH]

I'm thinking of setting aside some cash for a CD. My bank offers a 182 day CD for 1.30%

Any opinions? I've not delt with CDs before.

 

[justbizness45]

I'm thinking of setting aside some cash for a CD. My bank offers a 182 day CD for 1.30%

Any opinions? I've not delt with CDs before.

Do you need to have the money accessible??

 

[JTH]

Do you need to have the money accessible??

Good question, if you ask my wife she would say yes , if you ask me, I'd say we could always go without. This would be money solely set aside for this purpose. I take it that I can take out the money after 182 days right?

 

[justbizness45]

Good question, if you ask my wife she would say yes , if you ask me, I'd say we could always go without. This would be money solely set aside for this purpose. I take it that I can take out the money after 182 days right?

Or roll it over. The reason I asked was a lady at work wanted to safe some cash and make it inaccessible and was commenting it was a shame she couldn't put it in TSP. I suggested she go to EBIS and change her TSP contribution to 100% for as long as it took to get her contibution up so she would be maxed out at 16,500 at the end of the year (the difference between 5% for 26 paydays and the cap). She could pay herself her normal take home for a few paydays from savings and still not lose her matching contributions. Not sure it it fits your desires but I may do the same myself later this year. It also reduces the AGI for next years taxes. JB45

 

[JTH]

Looking at the P&F 2 Box Reversal, we can see we have a Bearish price objective of 803.

Please note the 2 Box Reversal setup I've been using on the P&F charts. It is not the same as the default setup on Stockcharts.com

Price revised from 803.33 to 790

 

[justbizness45]

Or roll it over. The reason I asked was a lady at work wanted to safe some cash and make it inaccessible and was commenting it was a shame she couldn't put it in TSP. I suggested she go to EBIS and change her TSP contribution to 100% for as long as it took to get her contibution up so she would be maxed out at 16,500 at the end of the year (the difference between 5% for 26 paydays and the cap). She could pay herself her normal take home for a few paydays from savings and still not lose her matching contributions. Not sure it it fits your desires but I may do the same myself later this year. It also reduces the AGI for next years taxes. JB45

Of course this only works if you are not making max contributions already.

 

[JTH]

Not sure it it fits your desires but I may do the same myself later this year. It also reduces the AGI for next years taxes. JB45

I'm wanting to build up something for the short-term that I can access within a few months (say I need a down payment for a new house or car). Or perhaps when we do get back into a bull market, I can divert it for some buying power.

 

[JTH]

Of course this only works if you are not making max contributions already.

Ha ha, single income E5 with a wife and three kids. I could only max out if I canceled the cable and phone bill, and if I did that, the wife would leave me :cheesy:

 

[justbizness45]

I'm wanting to build up something for the short-term that I can access within a few months (say I need a down payment for a new house or car). Or perhaps when we do get back into a bull market, I can divert it for some buying power.

You can't say much for the interest rate but it's either a CD or a trading account that pays interest. I've seen a few advertised. Someone else may have a better suggestion.

 

[momacs]

Check out the rewards checking accounts. Some of them are still paying around 5%. There are some restrictions, $25,000 maximum for the high interest, I have to do 8 signature based debit card purchases, and I have to have an ach transfer, either into or out of the account.
google rewards checking account, and your location. They are available almost everywhere now.

 

[CapeChem]

Here I come JTH.....You passed me in the standings last week.....Look in your rear view mirror!!

At least we are both out of the bottom 10!!

 

[JTH]

Here I come JTH.....You passed me in the standings last week.....Look in your rear view mirror!!

At least we are both out of the bottom 10!!

Thanks buddy, I just noticed that, ya know while your down there ya could give me a boost :cheesy:

Seriously though, at this time I don't see a move worth making. Everything is still pretty much in the same status, with no move to FCSI worth taking.

Looking for the big dip down day into stocks, with a quick turn-around into Bonds or vice versa.

 

[JTH]

Please note the 2 Box Reversal setup I've been using on the P&F charts. It is not the same as the default setup on Stockcharts.com

Price revised from 803.33 to 790

Just noticed a Low Pole Reversal was put in. If I'm reading it right, then if 815 holds it's a Bullish sign. If not, well that's not a bullish sign. :laugh:

 

[CapeChem]

I don't know if there is a booster down here big enough for the two of us!!!! It looks like we are both poised for a good move.....lets hope we make good wise decisions!

 

[JTH]

Good afternoon

I have no problems sitting on the sidelines missing out on these volatile gains. I'll remind everyone, that we have all seen market sentiment turn on a dime more times than I care to remember. If you're invested and by some small chance picked the right entry point, then congrats, U-R-Da-Player of the week.

I've been doing my homework every night, and making my IFT (or lack of) decisions before I go to bed. Simply put, I have not seen a good enough buying opportunity worth risking my money on END OF DAY prices.

2 IFTs with Cash is King...

 

[JTH]

For those of you who like to give their opinions, I awlays enjoy hearing them. I was able to tuck away 1,000 into my ROTH IRA this week. For me, that's a good deal of money, so I need to invest it wisely.

I'll spend the next week researching stocks and try to figure out what to get and when to get it.

 

[XL-entLady]

For those of you who like to give their opinions, I awlays enjoy hearing them. I was able to tuck away 1,000 into my ROTH IRA this week. For me, that's a good deal of money, so I need to invest it wisely.

I'll spend the next week researching stocks and try to figure out what to get and when to get it.

And when you decide, will you consider sharing it with both worlds? TSPTalk and ETFTalk both? Thanks! I'm learning lots over there.

Lady

 

[JTH]

And when you decide, will you consider sharing it with both worlds? TSPTalk and ETFTalk both? Thanks! I'm learning lots over there.

Lady

Thanks XL-entLady, I didn't even know about ETF Talk. I'm not sure if I'll go the ETF route because I'm more interested in going long with dividend paying stocks. However, I will start keeping track of SPY & SDS and may buy in for some gains off the quick dips.

 

[JTH]

Looking at the daily, weekly, and P&F charts for $EMW (S-Fund) I'm watching heavy resistance at 377-380. Looking at the bollinger bands, I just don't see much more upside left. I could be wrong, but I'd rather not chance it given the limitations of the TSP.