handiacefailure

First part of Suze Orman's podcast today was on I-bonds and was really informative.   Especially for people who are out of the five year interest penalty window.

I bought a $10K one in January but am holding off on my second one and think I'm going to do a CD ladder with some money and see what happens with treasury itnerest rates.   She seems to think they could go up since the US government has to cover the new debt ceiling   

4 hours ago, KeepItReal said:

I hardly ever recommend buying individual stocks - even preferred stocks.  I suspect you are talking about BAC.PRL (L series). 

Would recommend you consider a fund that holds preferred securities instead, like the iShares Preferred ETF or PFF. That is what I would do - sorry Suze!

 

I have some mutual funds but did pretty good with my individual stocks, diversification is the key.

I edited the post.   I meant to type JP Morgan not B of A (JPM-J is the ticker symbol).

I corrected my post.   

Anyone here own preferred stock?

Suze orman's show yesterday was on it and I'm trying to buy stocks that pay a decent dividend right now since I don't see the stock market having any gains for at least a couple years.

She recommended a JPMrgan (JPM-j) prreferred stock that she thinks will be paying 10 percent pretty soon 

bumpiing this thread.   Anyone been with hiim lately?   I see he's back in my area.   I tried meeting him with him last year and got injured and had to have surgery and the recovery took longer than expected.   

On 5/3/2023 at 12:58 AM, augustus said:

As a New Yorker that T-bill rate is actually equivalent to about a 5.30% - 5.40% yield from a bank CD.

Should be worth more than that with NY's tax rates

4 hours ago, BuffaloKyle said:

Just saw on the treasury direct site:

• The Virtual Keyboard will be removed the week of May 7th to improve the customer experience.

Yay! I hate entering my password with that thing! I read awhile back too but didn't post on here they made it easier to change your banking information as well.

I hated the virtual keyboard.

Can you change your banking info online now?   I recently opened up a checking account with a new bank and am keeping my old one mainly because it's conneccted to my treasury direct account.

I wish it was easier to add a beneficiary to your Ibonds.

Suze Orman's podcast on Thursday will be about Ibonds and if you should buy them this round.   Her advice is usually pretty good on Ibonds and that's how I first learned about them and that I could also buy another $10K in my trust using my SSN since my trust doesn't have a fed ID Number.   I usually buy $10K in January and then another $10K in May or June and did buy $10K in January but probably won't buy anymore.

Something interesting about Ibonds is that Sheila Bair was on Suze's show a couple weeks ago (she used to be a high up in the treausry depoartment) and when suze asked her about Ibonds she said with no hesitation she wasn't buying them before May.   

7 hours ago, purplekow said:

Realistically, the woman is 91 years old.  You could not expect her to be singing and dancing for 90 minutes. Six songs at 3 to 5 minutes each would bring it to 1/4 of the show was her performing and 3/4 was Chita being Chita.  I was at a restaurant and she came in to a grand entrance.  This was more than 20 years ago and she looked every bit like a 70 year old.  So this account is not that surprising.  

I know she is 90 and looks great for her age and didn't expect her to sing the entire time and was surprised she had no intermission but was hoping she would have done more than five or six songs.   

I saw her perfrom in the Visit and that was a show with no intermission and I think she did more songs in that show.   She was remarkable in the and was in her 80s and did a signing after the show.

Anyone else seen it yet.   It is doing a very limited tour of her performing one night in various venues with Seth Rudetsky as her painist.

I listen to Seth's show on Sirius and have started reading his book and thought he was funny even though a little obnoxious and loved Chita in the Visit and Nine.   She was in Newark a couple weeks ago when I was in NYC and bought a ticket and regret wasting the money and time on the train to get there.

Her voice is starting to go, but she did a number with some dancing and still has amazing moves for being 90 years old.

My issue with the show was it was a little over 90 minutes long and she only did six songs.   It was more like watching a talk show.   They had a little sitting area on the stage and she would only do one song then her and Seht would talk for a good minutes and they would show video clips of her and on the few songs she did perform Seth would perform with her.   It was almost like Seth was doing the show with her as a guest.

I was in NYC a couple weeks ago and wanted to see it but tickets were absurd online and not available at tKTS and there was too long of a line at the box office so I passed.   I love Josh's music but wasn't that impressed with his acting in the Great Comet of 1812, but it did get nominated for a Tony IIRC.

I was lucky enough to see it about ten years ago with Patti Lupone.   I enjoyed that production because all the actors were also in the orchestra when they weren't performing and Patti played the Tuba in the scenes she wasn't performing.   

I really hated the movie version but I think it was because I had recently seen it on Broadway with Patti and the actress in the movie wasn't that good

I have tickets to see him in Detroit in May.   I loved him in Kinky Boots.

On 3/26/2023 at 12:24 PM, Jaroslav said:

I’ve used a friend’s air fryer when over at his place making dinner. I loved it. It’s my next kitchen gadget.

If you don't have an isntant pot you might want to look at a Foodi.   Costco has them on sale a lot and it's nice having one appliance that does both functions.   I also use the Saute function a lot.

On 3/27/2023 at 11:04 AM, Lucky said:

Who eats hot dogs these days?

I like them on the grill.    Tony Packo's that was made famous on Mash has a location only a couple blocks from me and it is always packed.   Hotdogs are a big seller at the costco cafe. 

I know I’ll have to deal with RMDs since my last employer didn’t offer a Roth option for the 401K and  the Roth match is in a pretax account but most of my money is in Roth accounts and thanks to the changes RMD’s arent required on Roth accounts.   I’m planning on having my match be treated post tax pretty soon as well.

16 hours ago, Unicorn said:

You know you can pop a hotdog in the microwave for 1 minute? 90 seconds if you have two hotdogs. 

Taste like they come right off the grill in the airfryer though LOL   Plus the bun taste toasted when you throw that in the airfryer

23 hours ago, GTMike said:

All very interesting and potentially different based on where one lives and what typical policies are for insurance.

For example I don't know if this applies to all of California but i live in Los Angeles. A typical Home Insurance Policy your home destroyed by a common variety fire.

The $ amount of the insurance proceeds (at least in my case) has little to do with the current "projected market value" but based and priced on the current projected "replacement value" of what it would cost to rebuild a similar sized and construction quality of a house.

Again (just speaking from experiences), the major insurance carriers have projected costs of construction that they use to estimate by zip code or some metric what it costs to rebuild and the brokers literally advise me against paying more in premiums as customer's reflexively tend to "overinsure" thinking they need an amount equal to it's market value.

But also being in LA we also are advised to get supplemental insurance for Earthquakes. As if there is an earthquake and gas pipes blow and that causes a fire that's falls under a different policy.

I can't remember specifically but i think if home is destroyed by flood then SOL. 

It's my understanding you are SOL if it's flood unless you have flood insurance.   If someone is in a flood zone the lender is going to probably require it if someone has a mortgage and it can be pretty costly.  

Bump he's in my area and into kink.

On 3/12/2023 at 12:17 PM, BuffaloKyle said:

The FDIC said everyone should have access to their money by Monday. So we'll see. But yeah I didn't know the FDIC only insures up to $250,000 per account. Might be a good idea then for people to break up their money into multiple banks if they have well over $250,000 in an account. Roblox I believe it was as well had a good amount of their money at that bank in mutual funds which are not insured at all.

There's ways of keeping your funds insured if you have over $250,000 and want to keep it at the same bank.

If it's a couple each one can have an individual account with $250K and also a joint account with $250K and all three accounts will be insured.     I could have $250K at a bank as an individual account and my trust could have $250K in it and both would be insured.   You can do TOD accounts if there are people you know you want to leave money to if something happens and I think you can open up to five TOD accounts with a bank that will be insured for $250K each.

On 3/12/2023 at 12:24 PM, Kevin Slater said:

The NY Times reports today that 87% (I think it was) of all assets held at the bank were above the 250k insurance limit.

Kevin Slater

Fortune said 95 percent.   Crazy people with that kind of money don't know the FDIC rules and work arounds

6 hours ago, Luv2play said:

That's not what Biden said today. Depositers at SVP are being covered for all of their deposits including those above the insured limit of $250,000.

8 hours ago, augustus said:

Yellen claims that assessments on banks will cover the cost of this unlimited guarantee.  That simply passes the costs on to taxpayers through higher borrowing costs and lower interest on deposits.

That is BS the taxpayers are covering this.   If my house is worth $500K and I only have insurance for $250K the government isn't going to cover the difference if the house burns down.  This is the same thing.

I think with the S&L bailout in the 90's though the government covered all the customers funds that were over the FDIC limit.

If someone has over $250K in a bank then they should be smart enough to know the FDIC rules.   Even if you want to keep over $250K in a single bank, it's easy to get around the limits by opening up different account types, like TOD accounts.

Alliant CU has a 5% six month rate and 4.85% three month rate with only a $1K minimum.   

myalliant.com/ultimate

I saw it in the west end in July and liked the play better than the movie.   The puppetry was really good.   I didn't know it was coming to broadway.

Another west end musical I went to and really enjoyed was Back to the Future.   Hope that makes it to Broadway.   Roger Bart was perfect for the part.

On 2/26/2023 at 10:23 AM, Karch said:

Please tell me more! Links?

spankdc.com

I use to only eat hotdogs in the summer when I can make them outside on the grill but they are reall good in the airfryer and almost as good as those cooked out.

Preheat the airfryer on 390 for a couple minutes and then cook the hotdog for 9 minutes turning it every three minutes and for the final three minutes drop a buttered hotdog bun.

Something else I really like is Red Baron french bread pizzas.   Seven minutes at 400 degrees

4 hours ago, Eggman said:

To anyone into spanking, the SpankDC event is lots of fun.   The 3rd Saturday of every month.

Moonburn in LA and the Chicago spanking parties are also fun.   The DC parties are fun also but the MAL one has too many people to have space to play