CD MAXXING

[Anonymous No.54625305]

How the fuck is this real? 5% a month? You’re telling me I can bank 100k into this CD move to the Philippines and live off the 5k every month??? Is this correct or have I just exposed myself as being a complete autist? What am I missing?

[Anonymous No.54625336]

think about what APY means, anon

[Anonymous No.54625357]

>>54625305
Divide by 12 you fucking paste eater

[Anonymous No.54625385]

>>54625305
Bearish, dumbasses like this still haven't capitulated and left /biz/.

[Anonymous No.54625422]

>>54625305
Wow. Do you know what apy means?
Hint: what does Y stand for?

[Anonymous No.54625490]

>>54625422
Yield lol

[Anonymous No.54625536]

>>54625422
I think the "A" is more relevant

[Anonymous No.54625542]

>>54625422
Wow. Do you know what apy means?
Hint: what does P stand for?

[Anonymous No.54625569]

>>54625305
you have to trust putting significant sum of money in a filipino bank

[Anonymous No.54625645]

APM should be a thing.

[Anonymous No.54625690]

>>54625305
>5% a month

[Anonymous No.54625829]

>>54625305
Sorry bruh, in one month you would only get 1/12th of that 5%
not worth it

[Anonymous No.54625838]

>>54625305
A Percentage Yearly, dumbassi.

[Anonymous No.54625874]

>>54625305
In this topic: people that don't know what APY means. Anon, if you bank 100k then yes, you make $5000,- a month. You can live off that in many european countries as well.

[Anonymous No.54625892]

>>54625357
What the fuck is paste?

[Anonymous No.54625896]

Absolutely kino midwit trap by the banks.
>OY VEY GOYIM 5% (PER YEAR)

[Anonymous No.54625963]

>>54625422
kek
good effort anon

[Anonymous No.54625987]

>>54625536
Kekked

[Anonymous No.54625991]

>>54625305
Better off buying short dated treasury notes which are roughly 4.8 - 5%. You can always sell them early if you need the liquidity and because they're short dated you're not likely to lose value like you would on the longer dated shit if yields do go up. On top of that most brokerages allow you to collateralize and borrow against your treasuries if you feel like trading or buying more shit (albeit at expensive borrow rates) but for intraday trading purposes it's still nice.

[Anonymous No.54626228]

you would be right if it was a 60% APY, that would net you 5k a month, but under your terms of parking 100k, you'd be making 42 basis points a month:

.0041666 X 100,000 = $416.667 per month

[Anonymous No.54626278]

>>54625542
Penis

[Anonymous No.54626320]

>>54625305
This is either a troll, or a bit of gold that I rarely find on biz

[Anonymous No.54626388]

>>54625305
5k a month. lol.

at least you are starting to pay attention to finance and economics 101. keep studying genius. but also, yes, short term t-bills and cd's are a good idea.

[Anonymous No.54626432]

>>54625305
based retard

[Anonymous No.54626434]

>>54625305
Anon just do low risk longs and make real 5% a month MINIMUM

[Anonymous No.54626447]

>>54626388
I like crypto and stocks better at this point, not arguing the fact that cds and bonds are solid, but I need a lot more than a 5% return to have life changing money.

[Anonymous No.54626664]

>>54625892
Glue

[Anonymous No.54626697]

5% APY is still crazy “risk free” yield. Think of boomers in the past creaming themselves over their 2.5% dividend stocks


So where else are you parking your money? Only reason they offer 5% apy is because they can make more lending it at a higher rate, so any money you’d put in this CD is better spent buying equities IMO unless you have a major purchase at a certain timing interval you are going to make

Thoughts ?

[Anonymous No.54626881]

>>54625357
So you're saying multiply 100k by 12, bank that into this CD, then go bang ladyboys on 5k a month?

[Anonymous No.54626895]

>>54625422
I dont think you know what the Y stands for.

[Anonymous No.54626896]

>>54625305
You dumb retard lol but at least you're trying.

[Anonymous No.54626909]

>>54626664
>Glue
???

[Anonymous No.54626927]

>>54625892
Paste is glue you fucking paste eater

[Anonymous No.54626940]

>>54625892
It's that stuff you ate when you were a kid

[Anonymous No.54626983]

>>54625542
Poor

[Anonymous No.54627024]

>>54625422
masterful bait all these leddit faggots ate it up

[Anonymous No.54627059]

>>54626447
If you took advantage of the CD this very moment, then sure it’s a good short term one year hold. But you’re also risking locking up whatever money you have in it while it’s currently being inflated to liquid shit by the fed and every other economic entity lying to your face about it right now.

But if you look at shit like JEPI, any random YLD ticker from Global X, you can essentially get a similar yield (if not better in some cases) by parking some money there. Plus there is the chance it actually gets a slight gain in a years time. Plus, you can sell covered calls on them and reap in extra money that way. It’s they’re only real appeal to me, the fact that they hardly move at all and offer a good monthly dividend while you wait out the volatility and use that yield to make the occasional option play or potential pump on a stock.

[Anonymous No.54627389]

>>54627059
Stocks will eventually reflect the inflated price, they are good inflation hedges long term even if short term they get squeezed

[Anonymous No.54627612]

>>54626697
I already parked a bunch of money in a CD, and would put a bunch more but want to keep it available for a large purchase I’m considering making. To me, the CD is worth not having to dick around with the crab market and constantly pay attention to what’s going on.

On a similar note, perhaps we’ll see some traditional, non-CD savings accounts be offering higher interest rates? I noticed e-trade (Morgan Stanley) is offering something like 3% APY on what looks like a regular, non-CD savings account. Lower rate obviously, but no withdrawal restrictions I think. Has anyone seen anything similar with other banks?