Did that a couple months back, man I miss Trump!
Looked a bit ago and G was the only one in the positive for the year, .12%, big whoop. All the rest were negative.
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Looked a bit ago and G was the only one in the positive for the year, .12%, big whoop. All the rest were negative.
Correct.
On days like today..................I'm happy with my positive 3 to 6%. Especially at my age!!
I don't have a lot of complex investments -- 100% SP500 index funds. I'm 40 and make it a point not to look at my balances when markets go in the red. Just keep putting money in each month, knowing I'm buying on sale every month the markets are down. Remember it's only a paper loss until you cash out. At that point you've REALLY lost money.
I have an online savings account with Discover where we're stashing money for our next house. It is "high yield", which at the time meant it paid 0.50% APY. In the last couple of months I've watched it increase to 0.6%, 0.7% and as of last night 0.80%. Sure beats the 0.10% my credit union would be paying me on a savings account.
I have an online savings account with Discover where we're stashing money for our next house. It is "high yield", which at the time meant it paid 0.50% APY. In the last couple of months I've watched it increase to 0.6%, 0.7% and as of last night 0.80%. Sure beats the 0.10% my credit union would be paying me on a savings account.
Dollar cost averaging is the way to go!
You might look at Vio bank. It’s owned by Midfirst out of OKC.
That’s where I keep our emergency funds.
https://www.viobank.com/
I have some credit card debt, I look at it this way if it gets that bad would I really pay it back? F*** no.
I'll look into them. We have our emergency fund with CFCU in a "reverse tier" money market account. The interest rate really drops off after you reach $6,000, but we still keep the whole balance there just for simplicity sake. Sometimes I'll stick part of the emergency fund into a short term CD but it's a hassle if it's only getting me a few tenths of a percent above what I'd get just leaving it alone.
We are officially in a Bear market.
My financial planner has me about 80% out of the market, will be 100% out within a day or two, depends how long it takes to settle the account.
It feels good sitting in cash as the market continues to decline.
My financial planner has me about 80% out of the market, will be 100% out within a day or two, depends how long it takes to settle the account.
It feels good sitting in cash as the market continues to decline.
problem is when a wheelbarrow of cash doesn't buy much more than a tank of gas or a couple bags of rice.
better to hold whatever you really value right now.
Big Crypto Lender Celsius Freezes All Account Withdrawals
Company manages more than $11 billion in customer assets
Vicky Ge HuangUpdated June 13, 2022 1:23 am ETCelsius said it hoped to lift its suspension on withdrawals, swaps and transfers as quickly as possible.
Photo: Benjamin Girette/Bloomberg NewsOne of the largest crypto lenders, Celsius Network, told users Sunday night that it is pausing all withdrawals, swaps, and transfers between accounts due to extreme market conditions.
“We are taking this necessary action for the benefit of our entire community in order to stabilize liquidity and operations while we take steps to preserve and protect assets,” the company said in a blog post.
Celsius lends out customer deposits to other users to earn a return. The company managed $11.8 billion in assets as of May 17, according to its website. It offers users annual percentage yields of up to 18.63% on cryptocurrency deposits. The company said it has 1.7 million users. Celsius raised $750 million in funding late last year from investors including Canadian pension fund Caisse de dépôt et placement du Québec.
In April, Celsius came under regulatory pressure and stopped offering interest-bearing accounts to nonaccredited investors in the U.S. Some market observers claimed Celsius also played a role in the collapse of Luna and terraUSD cryptocurrencies last month, which Celsius disputes.
Celsius’ announcement came at the tail end of a brutal weekend for cryptocurrencies. In the past 24 hours, bitcoin fell 6.3% to $25,756 as of 12:10 a.m. on Monday, while ethereum lost 6.4% to $1,373, according to CoinDesk data. The global crypto market cap decreased 6.7% in the past day to $1.03 trillion, according to CoinMarketCap data. The price of Celsius’ token plunged 33% to $0.25 in the last 24 hours, according to CoinGecko, a cryto data provider.
Celsius said it hoped to lift its suspension on withdrawals, swaps and transfers as quickly as possible, but couldn’t predict when that would happen.
“There is a lot of work ahead as we consider various options, this process will take time, and there may be delays,” it said.
Wall Street Has Been Betting Billions on Crypto. Here’s Why.
Wall Street Has Been Betting Billions on Crypto. Here’s Why.
WSJ’s Dion Rabouin explains why Wall Street is now betting big on crypto and what that means for the new asset class and its future. Photo composite: Elizabeth Smelov
