Same here. I also like to keep things light, even though I really don't have a sense of humor and feel that it's important for everyone not to feel intimidated.I encourage every rant negative & positive! As long as we all just avoid any on CRYPTO (it's like the 3rd rail around here) so we don't get censored (Poke at the moderatorI enjoy them.
Threads like this interest me. I love this forum and learn something from everyone here. The OP has encouraged my thinking that led to a discussion with my father about diversifying him out of his CDs.
When I find a thread particularly annoying or topic boring, I just read another more interesting thread.
If we discourage or poke fun at these topics, it will discourage others who really need the help from posting out of fear they will be ridiculed.
John
I enjoy them.As for discussion with parents, I have had fixed income discussion with my mom for the past couple of years, trying to move her away from cash mostly because she had most of it sitting in a bank account with 0.05% interest rate. My mom's major complain is about inflation, so it would make sense to get her money some place that at least exceed inflation. So what I have done so far was doing this in stages.
- Move money from bank to a money market. The returns jump from 0.05% to around 4-5%. This gives her about an extra $10K a year. Now she feels the bank's been cheating her so she wants to keep the money in the brokerage MM.
- After the money is in the brokerage, I shifted some of the MM to a rolling TIPS ladder. This ensure that the money keeps up with inflation and can be unwind if she needs the money and somewhat replicate the CD ladder she used to have. I could not however explain to her what a TIPS is and eventually just told her it was a special inflation adjusted CD from the federal government. I also invested some of her money in t-bills, but may stop that mostly because it seemed like a bit of a pain and doesn't yield too much above MM.
- I also redeem the 0% ibond that I helped her buy a while back and shift them to TIPS. I thought about buying more ibonds, but tracking yet another account like Treasury Direct is extra work.
Statistics: Posted by gavinsiu — Tue Jan 14, 2025 6:01 pm — Replies 61 — Views 4389