Befriend the Trend Trading Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Befriend the Trend Trading

SPY 683.47

+0.6%

Nov 28 4:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: wilywilly who wrote (38450)	7/18/2006 3:22:11 PM
From: Ken Adams	Read Replies (2) of 39683

I just talked to her as I got an e-mail from World Savings (I have a CD with them). They're offering 5.51% for 5 month CD's right now, at least in this area. I told her I saw nothing wrong with going with something like this and just rolling it each 5 months. She could break her lump sum into 1/3 or 1/4 pieces and go in each 3 or 4 months, rolling each time one matured. I know this has tax implications, but she wouldn't be tied up for very long. If interest rates stabilized, she could go out a little longer. She needs some of her gains to add to her IRA and S/S income. What is wrong with this picture? I used to work with a guy who came into some money and as I recall, he broke it into 12 parts and bought one year bonds once a month. After a year he just rolled the maturing bond forward, taking out the gain for pocket money.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next