Synchrony has a 13 month CD paying 2.65%

Discussion in 'Stock Market' started by MarathonMike, Sep 6, 2018.

  1. MarathonMike
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    MarathonMike Platinum Member

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    If you are looking for a place to park some cash this is the best CD I've seen in awhile FYI
     
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  2. Toddsterpatriot
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    Toddsterpatriot Diamond Member

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    Decent......
     
  3. Pavel Svinchnik
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    Pavel Svinchnik Member

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    The short-term T-Bills are paying a reasonable return. Here are the results of this week's auction:

    4-Week 2.000%
    13-Week 2.135%
    26-Week 2.297%

    From Institutional - Announcements, Data & Results

    I have four tranches invested in the 4-Week, one of which matures and is reinvested each week.
     
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  4. Mr Clean
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    Mr Clean Gold Member

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    Two hundred sixty five dollars per $10,000 for a year.

    Two hundred sixty five dollars divided by 12 months equals $22 per month divided by 4.3 weeks is five dollars per week. It's like a free cup of coffee and a bagel per week.

    Not bad. But not great either.
     
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  5. Cellblock2429
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    Cellblock2429 Gold Member Gold Supporting Member Supporting Member

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    /----/ or buy 100 shares of Netflix and sell a covered call expiring Dec 18 2018 at the money and get $3,050. A 10% return in 3 months. It's so simple to do
     
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  6. MarathonMike
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    MarathonMike Platinum Member

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    Cool 10% guaranteed return in buying stocks and options! I didn't know that was possible.
     
  7. Cellblock2429
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    Cellblock2429 Gold Member Gold Supporting Member Supporting Member

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    /---/ If Netflix is below $365 on 12/18 you keep the $3,000 and your stock. If it's over $365 then you keep the $3,000 and the market maker buys your shares at $365 each even if the stock is at $400. That's their incentive. It's like real estate's rent with the option to buy. I made $115,000 YTD doing this. Most stocks and ETFs have options. Just google how to write covered calls.
     
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  8. MarathonMike
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    MarathonMike Platinum Member

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    Interesting. I've done well trading stocks, never shorting and never doing options but it would be interesting to try it. Prolly not with $40K.
    No options strategy is without risk. That's what I was referring to. I agree the example you give has a good probability of making money. But Netflix could be way lower on 12/18 also.
     
  9. Cellblock2429
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    Cellblock2429 Gold Member Gold Supporting Member Supporting Member

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    /—-/ I never said it was without risk but if you own stocks you can write calls way out of the money. If the stock falls just buy the option back.
     
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  10. Cellblock2429
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    Cellblock2429 Gold Member Gold Supporting Member Supporting Member

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    /——: And there are $10 stocks with options so you’re investing $10K for 100 shares. I’m not trying to talk you into anything but there are better options than CDs paying less than the rate of inflation
     

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