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Re: Interest Rates 

By: ribit in POPE 5 | Recommend this post (1)
Wed, 22 Aug 18 6:58 AM | 31 view(s)
Boardmark this board | Pope 5 		Msg. 06384 of 62138
(This msg. is a reply to 06377 by Decomposed)
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...I have only had dealings with an investment banker one time. Gave em $3000.00 bucks they managed it down to $1500.00 and charged me $750 for it. Id rather have a monkey throwing darts at the sunday paper to pick my stocks.




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Liberals are like a "Slinky". Totally useless, but somehow ya can't help but smile when you see one tumble down a flight of stairs!

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The above is a reply to the following message:
Interest Rates
By: Decomposed in POPE 5
Wed, 22 Aug 18 6:06 AM 		Msg. 06377 of 62138

I was at the bank today trying to figure out what to do with the money from the sale of my father's house. The bank was paying interest of something like 0.15% which I thought sucked. 90 day CDs weren't any better. And even 6 month CDs were only somewhat higher: 1/2%. They did tell me that I could do better by talking to one of their investment managers, so I headed to another town with a bigger branch of the bank.

The end result was that I put the money today into a two-year CD paying 2.8%. Rates were increased by a quarter percent just last week, so my timing is fortunate. I was told that predictions are for 2 more interest rate increases this year. I'm not willing to wait for them however. After all, predictions have been known to be wrong.

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