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/biz/ - Business & Finance

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54570120 No.54570120 [Reply] [Original]

Goldman is offering 5.05% for a 10 month CD. Should I take their offer?

>> No.54570131

If you value your money, no.

>> No.54570135

Buy a DVD

>> No.54570138

>>54570120
(((Goldman)))

>> No.54570158

>>54570120
Why bother? RobinHood offers 4.4% on all unused money in your account and you can take it out or use it to buy stocks/crypto at a moment's notice without it having to mature.

>> No.54570217

>>54570120
Why would you do this when you can get roughly the same in a pure government moneymarket? If you lock your money into traditional bank instruments or bonds RIGHT NOW you are a fucking idiot

>> No.54570242

>>54570158
I was genuinely thinking about doing this. It’s better than it just sitting in savings getting 0.01% interest lmao

>> No.54570263

>>54570120
Keep in mind it's a 10 month term but the rate is still expressed as an annual return. You'd only make 4.2% on your money at the end of the term.

>> No.54570273

>>54570158
>RobinHood offers 4.4% on all unused money
Isn't just some fdic account. boutta do this

>> No.54570312

>>54570242
>>54570273
Retards, you can make more in pure government moneymarket funds with a safer more liquid base

>> No.54570314

>>54570273
It’s for their gold account. $5/monthly subscription. Take that into account if you’re only depositing a few thousand.

>> No.54570324

>>54570312
>4.85
Ok

>> No.54570337

>>54570158
>>54570273
3 month T-bill bought on treasury direct pays 4.89%. You guys are MORONS if you lock you cash up on Robinhood. Why the fuck do you even still use them as a broker? They aggregate and sell data to bet against you and have betrayed retail investors multiple times. They, like Jim Cramer, are the opposite of what they pretend. They aren't robbing the rich by giving you the opportunity to invest. They are directing order flow and selling the data to institutions and using you as exit liquidity.

>> No.54570354

>>54570120
I can’t wait till late December when my CD interest hits my account… gonna be sweet

>> No.54570370

>>54570337
>They aggregate and sell data to bet against you
is this our counterparty...?

>> No.54570372

>>54570324
Choose a good one based on what risk you want. Read the portfolio breakdown. Some are higher in reverse repo, some in bonds. Some have agency securities, some don't. Some are FDIC some have different insurance policies. Shop around. All are better than Robinhood.

>> No.54570380

>>54570337
Set limit orders then, retard.

>> No.54570396

>>54570370
Why do you think Robinhood (the retail designated brokerage) is marketed as "free trading?" It is like Facebook but directly predatory to you and you being poor and stupid. If you don't pay for subscription, you are the product.

>> No.54570397

>>54570372
Yea I used Robinhood a collective 2 times maybe... pretty sure ameritrade does the same thing also. are these funds even beating company equity in terms of appreciation vs interest or dividends?

>> No.54570403

>>54570380
Limit orders for what and when? Learn more before posting..

>> No.54570405

>>54570396
>>54570397
ironically every exchange does this?

>> No.54570421

>>54570397
It depends whether you are talking about an incoming quad 4 earnings recession within a massive scramble for pristine collateral. After the bust go corporate. Attractive rates aren't always a good thing. Higher percents seem nice until you realize why corporate debt margins are so high.. Chasing an odd percent or 2 for a few months to a year is not worth eating the crash and waiting 8 years to reach baseline.

>> No.54570434

>>54570405
Unironically, no, they don't. Just stop using default zoomer bullshit.

>> No.54570484

>>54570403
Your entire complaint is about RobinHood's market order system where it gives institutions the split second chance to use their bots to buy whatever shares you submitted an order for before your order goes through and sell it to you at a slightly higher price. If you only use limit orders, RobinHood can't screw you 99% of the time. Only in very niche situations like when they shut down GameStop orders.

>> No.54570504

>>54570484
"Only in very niche situations like when retail is winning." This is wrong fundamentally but either way, just to be clear, in your perspective, it is worth earning a lower percent on less safe portfolio so that the institution which sells your order data for millions to those using you for liquidity can earn more? What is the even hypothetical reason to do this? Literally just because you are too heteronomous to not go for a less sleek UI? Lol Are you kidding?

>> No.54570552

>>54570504
I don't care enough about RobinHood to keep defending it. I like Ameritrade's system better in general, especially their level 2 quotes. I'm just saying there's literally no reason to not park any extra cash you got sitting around into RobinHood to earn that 4.4% instead of it doing nothing, there's no way for them to screw the clients who just have money sitting there.

>> No.54570580

>>54570552
There's no reason to have cash sitting around on Robinhood. You can earn more elsewhere pull cash from a shitty institution literally designed to draw you to it like a moth to a lamp. What is the downside? E-trade is a big PFOFer too, but I have less of a problem with them than Robinhood. I just don't know why you would use either.

>> No.54570627
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54570627

>>54570552
In 2021 40% of Robinhood's revenue was from Citadel (a marketmaker and hedgefund lol).

>> No.54570633

>>54570120
>inflation 10-20% per month
>goy il pay you 5% roi per quarter, what a stea- i mean a deal!

buy #rope *this IS funancial advice

>> No.54570664

>>54570633
>It isn't per month
>Measure earnings vs. what you plan to buy in the future post quad 4, not the purchasing power vs. goods and services you aren't going to spend it on. If you play this right you will outplay the supplyshock driven inflation massively. If you don't you will want to rope holding equities for the next few years waiting to regain what you originally invested.

>> No.54570746

>>54570504
>>54570580
>>54570627
Well there goes that idea. :/

>> No.54570757

>>54570664
they are going to force you to spend all your money on power and food and then convert the entire system into some fake and gay digit currency.

invest in land, infustructure, power generation, and a wall to keep all the poors out.

>> No.54571386

>>54570757
>invest in land
does the .25 acre a house sits on count..

also why couldn't they take away Land

>> No.54571411

>>54570120
Mr OPBTID UFB bank is paying over 5% on a savings account, so you don't sacrifice liquidity.

>> No.54572075

>>54571386
They can
>something something, imminent domain
>here’s 10k
>that’s the fair market value
>according to our totally non biased estimator employed by us.
>now fuck off, you’re trespassing on government property

>> No.54572078

>>54570120
If you value your money, yes.