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Art Cashin: "China May Boycott One Or Two Treasury Auctions"
I'm looking to do a little buying, in some of my good dividend paying equity funds, like (INUTX & SVAAX), should the S&P 500 Index venture into the 2750 range or below. INUTX has a yield of about 3.0% and SVAAX has a yield of about 3.5%. I'm not looking to add to my capital appreciation type equity funds, such as (KAUAX), at this time. US Treasuries simply are not offering enough yield for me to invest there when I can get a 1 year CD in the 2.4% to 2.5% yield range. Just last week I bought an 18mo CD paying 2.45%. In comparison, my money market mutual funds are currently paying north of 2.25%.
Hi O_S: thanks for stopping by . Jill S. was on the tube & said Intel, Apple, & Cat took the hardest hits today. I'd be with you on 2750 before putting some dry powder to work.
Comments
Derf
FWIW
I'm looking to do a little buying, in some of my good dividend paying equity funds, like (INUTX & SVAAX), should the S&P 500 Index venture into the 2750 range or below. INUTX has a yield of about 3.0% and SVAAX has a yield of about 3.5%. I'm not looking to add to my capital appreciation type equity funds, such as (KAUAX), at this time. US Treasuries simply are not offering enough yield for me to invest there when I can get a 1 year CD in the 2.4% to 2.5% yield range. Just last week I bought an 18mo CD paying 2.45%. In comparison, my money market mutual funds are currently paying north of 2.25%.
Good investing to all, Derf