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+1. Totally agree and envious you can get 5.59% in your money market fund. Along the point you are trying to make. It amazes me how worried many are about the safety of their money vs. the safety of their health. They don’t seem to worry about what they eat, their weight, their blood pressure, or their sugar and cholesterol/triglycerides levels. Yet their fret about every little minute detail of their finances as if they all expect to live to be 100.I get it, yes.
It has always struck me that many people (and I'm not saying you) are far more worried about the absolute safety of their money than they are about the absolute safety of their own lives. If they were half as worried about their own safety as they are about the safety of their money, they would never ride in a car.
Excellent yield, but generally I don't trust Wells and/or Allspring. I prefer Vanguard, Fidelity, and Schwab.The money market I am in at Wells Fargo is WMPXX. Its 7 day effective yield is now 5.59%. I see no reason to buy a CD with this money right now.
https://www.allspringglobal.com/investments/mutual-funds/fund-profile/overview/?accountingId=WBC7&shareClass=Prm&ecid=a2b2c5d4e1&gclid=CjwKCAjww7KmBhAyEiwA5-PUSmoIKzpnpEo0qG8Sjvx3LonlVIMh1tkFzCrOPvePv2zmMfGYEdUeaBoCQlsQAvD_BwE
- did you try privacy / incognito browser sessions using various browsers?@davidmoran
So what's the overall message of the article (hiiden behind paywall etc)?
Noting that Kraft-Heinz and Kellog's prices have risen by 25-30% over the past two years....you might scoff at this but I can tell you that cost increase inputs continue...I haven't seen any cost reductions at the grocery store....
Baseball Fan
At times like this, the young people say:Income investing is a myth that has been promoted for years. In many cases, the writer wants to sell you something. Income investing as someone's main/first criterion has no legs in reality because TR=total return (performance) is the ultimate indicator. TR includes everything and all distributions are part of it. Risk-adjusted performance is the first thing you look for, after that, you can look for high distributions.
I have been discussing HIGH INCOME since 2010.
First came ATT,VZ,IBM as a must vs SPY,QQQ. A simple chart can prove how pathetic ATT,VZ,IBM were since 2010.
Then came MLP which lost more than half.
Then came fixed income CEFs where they made a total of 6-7% in the last 5 years while SPY made over 70%.
Lastly, I'm not against high distributions, I'm against using it as someone's main criterion.
Same here. They do banking basics very well and efficiently. They're not out to beat quarterly numbers and 'analyst estimates' or start making tons of money for themselves. I've been a member of my CU since 1995 and for the most part I remain very happy with them.My preference is to use a local institution for checking and direct deposit.
I'm a member of a locally-based credit union with many nearby branches.
If any issues arise, I can readily speak to someone in person.
Over the years, I've found that CUs generally offer better terms for loans, credit cards,
and checking/savings accounts than many brick-and-mortar banks.
Their customer service is also superior to big banks in my experience.
My credit union provided a Medallion signature guarantee when I transferred
a Roth IRA from one institution to another.
Note: I also have an Ally online savings account.
Moody’s [downgraded] the credit ratings of 10 banks and put others under review, or giving their ratings a negative outlook. Credit ratings are very important for banks, which fund themselves partly with deposits, but also by selling bonds.
But the ratings moves are a reminder that many of the core issues revealed by the crisis this year—such as the risks posed by higher interest rates—are only beginning to be addressed. And one risk that investors can’t afford to ignore is that longer-term interest rates could keep pushing higher, even as the Federal Reserve looks to be pausing its rate hikes.
However, Moody’s also wrote that it saw some key issues unaddressed by the Fed’s thousand-plus-page proposal.
Moody’s analysts acknowledged in their Monday report that the Fed’s tougher capital requirements for banks with over $100 billion in assets should be positive for their credit risk, [but also said] that interest-rate risk is “significantly more complicated” than that. For example, there is the diminished value of loans like fixed-rate mortgages—a huge problem for First Republic, for one. In its analysis, Moody’s applied a 15% haircut to the value of banks’ outstanding residential mortgages.
The bond market’s focus on worst-case scenarios may explain the gap between the performance of many lenders’ debts versus their shares. In theory, higher capital requirements coming for many banks ought to provide more comfort for bondholders, who focus more on existential risk, than shareholders, who should be worried about the drag on banks’ returns on equity from higher equity levels.
But this security cushion isn’t what markets appear to be reflecting. Across regional banks with A ratings, though their bonds have rallied in recent weeks, investors are still demanding a lot more return to own them than they were prior to SVB’s collapse. The gap between those banks’ senior bond yields versus Treasurys was still about 50% wider than on March 8 as of Monday.
It is a relief that banks have found a number of ways to stabilize their earnings and rebuild some capital, but bond market jitters show there is still a lot more work to be done.
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