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UnderpantsWeevil@lemmy.world ⁨1⁩ ⁨week⁩ ago

Fair enough. Hope you made some money on the plunge. I would not have guessed an 8% drop, given the weirdly stubborn endless equities enthusiasm, but here we are.

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theunknownmuncher@lemmy.world ⁨1⁩ ⁨week⁩ ago
Yeah 8% over 1 month is pretty huge. Not suggesting this will actually happen, but if the current trend continues at the same rate, it will be a 62% loss over a year.

A short period of time before the Iran war started, I pulled all my money out of the market and am 100% in CDs now. I didn’t time the top perfectly, but that’s never really my goal anyway, and I’m definitely beating the market right now with modest returns.

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- UnderpantsWeevil@lemmy.world ⁨1⁩ ⁨week⁩ ago
  
  Not suggesting this will actually happen, but if the current trend continues at the same rate
  
  It never does. Markets move periodically - early slow change, mid-point rapid change, tail slow change - for the most part. Nevermind that a 62% sell-off raises the question of “Who is selling?” versus “Who is buying?” Dollars are still far too cheap for a plunge that steep.
  
  A short period of time before the Iran war started, I pulled all my money out of the market and am 100% in CDs now.
  
  CD rates are shit right now, thanks to low interest rates.
  
  You’d be better off in utilities or REITs. US energy companies have done very well in the wake of the Hormuz straight closure. I dropped a bunch into United Healthcare recently, thanks to their bargain basement price. Doubt it’ll pay off soon. But I see a healthy upside long term.
  
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  - theunknownmuncher@lemmy.world ⁨1⁩ ⁨week⁩ ago
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    CD rates are shit right now, thanks to low interest rates.
    
    Actually, they are really good. The interests rates have come down a bit from their peak, but aren’t actually low at all compared to the last 10 years. These past 3 years have been the most prime time to be in CDs since the 90s.
    
    I am mainly in CDs due to external factors that make locked in returns over regular periods more attractive than other options, though.
    
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    UnderpantsWeevil@lemmy.world ⁨1⁩ ⁨week⁩ ago
    
    Actually, they are really good.
    
    That’s barely above the Treasury rate.
    
    Talk to me when they’re north of 7%
    
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