Why It’s Getting Tougher to Sue Your Bank
Fifth Bank Failure of the Year - Allied Bank in Arkansas
Fed Holds Steady with Future Rate Hikes Anticipated To Be More Gradual
Best Bank Account Interest Rates - Summary for September 20, 2016Forum Tips and a Thank You to the Forum Members
I thought it would be useful to highlight the discussion forum and the DepositAccounts.com members who have contributed the most. We have over 10 members who have each written over 100 forum posts. Below are the top 10 members with their forum names and their post numbers as of last night. Thanks to all who have posted, but I would like to give a special thanks to the following members for their efforts in contributing to the website:
- 51hh - 612 posts
- Shorebreak - 499 posts
- WhataBummer - 413 posts
- pearlbrown - 312 posts
- Mike - 262 posts
- me1004 - 229 posts
- lou - 180 posts
- rosie43 - 120 posts
- darkdreamer4u - 115 posts
- pdxmale - 107 posts
Simple Way to View the Forum
The forum is definitely more complex than the old "open thread" post. Please understand that the forum makes things more organized which becomes important as more people leave comments. If you like a simple blog format, you can view the forum using this link. This page shows the latest featured threads in an expanded format that shows the first post of each featured thread. Click on the title of the post to view any comments for that post or to leave a comment. Unlike the blog, the forum requires you to log in before you can comment.
You can get to this Featured Threads page by using the forum menu and clicking on the "Featured Threads" link. Then click on the "Posts" link below the menu. I actually prefer the "Threads" view which shows just the title of the posts along with the number of comments or posts for each thread.
I'm the one who gives a thread "featured" status. I try to select those that I think are most interesting. The "Latest Threads" link in the forum menu will show you all of the threads including ones that haven't been marked as featured. The "Latest Posts" link will show you the latest forum comments.
Posting to the Forum
If you find a noteworthy bank deal or some interesting financial news, please consider posting this information in the forum. This can be done in 3 steps:
- You have to be logged in to post in the forum. If you have never registered, just click the "Register" link on the top right of a DepositAccounts.com page. Note, you don't have to be logged in before you write your post, but it's required before the post can be submitted.
- Find the appropriate subforum. Start at the top of the forum and click on the appropriate topic.
- Click the "New Threads" button at the top of the subforum page, and follow the instructions. For the subforums that are specific to a particular bank, you first have to identify the bank. When you get to the message box, you can start typing your information. Note the icons at the top of the message box. These can be used to format your message. The one I use most is the link icon. This isn't active until you highlight the text that you want to convert into a link. Once the link icon is active, you can click on the icon which will open up a box where you can enter the web address.
Viewing and posting are more complicated in the forum than in the blog, but as I mentioned, this helps keep things organized. For more details on using the forum, please refer to my forum announcement post.
@smartsaver, you might want to review this forum thread which talks about REITs. You can see all of the REIT threads via the Forum Search for REITs. One advantage of the forum is that it allows discussion on topics outside the scope of just bank accounts.
So I appreciate it. So I post to try to help all, but also to help a very good site that is deserving of reader support.
Thank you, Ken. Nice to know I'm appreciated at some level too.
I personally have Vanguard high yield bond fund VWEHX that pays me 7%
I also have a mortgage fund REM is the symbol pays me 12% it does fluctuate.
NLY AGNC are mortgage reits they pay high yields, I went with REM because it was a fund with them in there so I wasn't concentrated in 1.
You can buy bond funds also, the higher the duration(the maturity) in years the more it will be affected by higher rates.
All of these will be negatively impacted by higher rates, be careful and do your homework.
REM is an ETF
As I said they will lose value if rates go up... so be careful.
I have them in an IRA
BSE,BFY,BNY,BQH
It will fluctuate but it's the yield you are drawing, unless you sell it when it is down in price.
Hope it was helpful, cya
My major stock buying days are over unless something happens to make them real cheap again.
Lou I did say be careful and people need to do their own homework.
Mak1118, this is only true for new money into the fund. Whatever you have already invested will receive the lower yield.
Bond funds nav and yield will fluctuate on you and you are not guaranteed what you will get back at maturity because there is no maturity on a bond fund, but duration will give you an idea how much it will move.
Hey if I keep going I might be at the top of that list...... haha
If we do get another bear leg down and I don't know if we will but if we do and say the market gets back down under 10,000(hopefully 8,000) again, then I would have to hold my nose and start buying stocks for the next secular bull and I would keep buying them all the way down. VTI index fund would be my weapon of choice or you could use SPY or VOO.
BTW if you buy an individual corporate bond and the company goes out of business you will not get back all your money if any at maturity.
Your yield the % you get changes,yes your yield would be 16% but you would stilll only recieve the same amount or maybe even a little less but for someone who needs to live off their money this gives them a chance to do it. If you have a $100,000 CD at 2% you get $2,000..... now take $100,000 and get 6.5% you recieve $6500 and it drops 20% to $80,000 and now you might be getting a yield of 8% you are still getting $6,400 yes but that is what is supposed to happen. If you don't need the money you reinvest the dividend and you add more when it is down.
It is not the cure all... it is just another tool.... as I said before be careful and do your homework. Some people will not be able to handle the fluctuations and some will... and yes it should be considered a stock market asset not a really a fixed income investment.
If you are trying to live off your 2% income from a cd and you can't so you keep spending principle...... well the amount of money you have is going down,no?
Diversification is the name of the game.
If you had money in an index fund like VTI when the market dropped in 2008 into 2009 and you sold at the bottom.... well then you lost money but if you held it and added more when it dropped you would actually have more now.
If you need the investment income to live on, well you decide Lou...... it works for me.
I love CDs but the reality is OUCH.... I don't believe in what the FED is doing never have but it is what it is and sometimes you have to adapt.
BTW if things go badly what makes you think your money is safe anywhere?
Wait and see what happens to our cash if the US ever has to default..... maybe the printing press won't save us after all......just saying.
I also have a 6 year CD ladder and I try to keep that the same..... I have 9 months worth of 5% and 6% CDs left and then it is going to start to hurt.
A gain today might be a loss next month or a loss this month mat be a gain next month.... who knows?
I try not to think about that. It wouldn't be good for my karma. :)