Bankroll investment
- Thread starter Sonny
- Start date
There is nothing
Investing bankroll is no different than any other investment. How much risk for return are you willing to take?
I have a bunch of cash, but it is in a savings account. I want liquidity, safety, and growth (however slow). After consulting with two accountants, they couldn't think of anything better for my needs.
--Mayor
Investing bankroll is no different than any other investment. How much risk for return are you willing to take?
I have a bunch of cash, but it is in a savings account. I want liquidity, safety, and growth (however slow). After consulting with two accountants, they couldn't think of anything better for my needs.
--Mayor
The Golden Hedge
The articles below make an attractive case.
Especially revealing are parts 2-3. zg
The Golden Hedge - Part One
(Dead link: http://www.lasvegastribune.com/bizfin17.html)
The Golden Hedge - Part Two
(Dead link: http://www.lasvegastribune.com/bizfin10.html)
The Golden Hedge - Part Three
(Dead link: http://www.cardcounter.com/nonBJ.pl?read=2343)
The articles below make an attractive case.
Especially revealing are parts 2-3. zg
The Golden Hedge - Part One
(Dead link: http://www.lasvegastribune.com/bizfin17.html)
The Golden Hedge - Part Two
(Dead link: http://www.lasvegastribune.com/bizfin10.html)
The Golden Hedge - Part Three
(Dead link: http://www.cardcounter.com/nonBJ.pl?read=2343)
Savings Account?
I would find it shocking that a math professor and advantage player would keep anything more than $1k in a savings account.
AT LEAST move it into a money market account where you'll pull 5% interest with almost as much liquidity as a bank account and similar (zero) risk. You can get these from just about any brokerage firm (and probably from most banks as well). If you have enough money deposited, most brokerage firms will give you checking privileges, and you can use it much like a bank account.
Why play a 1.5% +EV game when you can play a +5% EV game?
I would find it shocking that a math professor and advantage player would keep anything more than $1k in a savings account.
AT LEAST move it into a money market account where you'll pull 5% interest with almost as much liquidity as a bank account and similar (zero) risk. You can get these from just about any brokerage firm (and probably from most banks as well). If you have enough money deposited, most brokerage firms will give you checking privileges, and you can use it much like a bank account.
Why play a 1.5% +EV game when you can play a +5% EV game?
blackhack is correct
One should never have more than I say $200 in any bank account.
You can sign up for a discount stock brokerage
account try Charles Schwab, or similar you do
not need to trade stocks at all.
Or try ING they offer quite high rates of savings.
http://www.ingdirect.com/osa_work/
One should never have more than I say $200 in any bank account.
You can sign up for a discount stock brokerage
account try Charles Schwab, or similar you do
not need to trade stocks at all.
Or try ING they offer quite high rates of savings.
http://www.ingdirect.com/osa_work/
many different ways Mayor ...hows 9.27%.
stocks/mutual funds can pay more but risky
here is a closed end fund that pays over 9% and not as risky as
stocks
but a little more risk than a money market. the rate is not guaranteed
but it has been staying there..
and they sure have been paying. Go to a discount broker otherwise
they will rack you for a high commission.Ameritrade charged
me 11 to buy this one,same fee to sell.I do not know
any money market rate paying more than a couple of pts.
here is the high end closed fund..then pay ya dividends every month
no limits to the funds you invest, are not locked in and certain
amount of time and it
doesn't move too much
up or down..other choices would be symbols: fax,and dhf but
I feel this phy is less volatile.and a better choice.here is some
info do your
research..good luck
PROSPECT ST HI NEW (NYSE
HY) Delayed quote data Edit
Last Trade: 3.54
Trade Time: 3:51PM ET
Change: Down 0.02 (0.56%)
Prev Close: 3.56
Open: 3.56
Day's Range: 3.52 - 3.57
52wk Range: 2.65 - 3.62
Volume: 51,800
Avg Vol (3m): 86,500
Market Cap: 102.13M
P/E (ttm): 3.97
EPS (ttm): 0.892
Div & Yield: 0.33 (9.27%)
stocks/mutual funds can pay more but risky
here is a closed end fund that pays over 9% and not as risky as
stocks
but a little more risk than a money market. the rate is not guaranteed
but it has been staying there..
and they sure have been paying. Go to a discount broker otherwise
they will rack you for a high commission.Ameritrade charged
me 11 to buy this one,same fee to sell.I do not know
any money market rate paying more than a couple of pts.
here is the high end closed fund..then pay ya dividends every month
no limits to the funds you invest, are not locked in and certain
amount of time and it
doesn't move too much
up or down..other choices would be symbols: fax,and dhf but
I feel this phy is less volatile.and a better choice.here is some
info do your
research..good luck
PROSPECT ST HI NEW (NYSE
HY) Delayed quote data EditLast Trade: 3.54
Trade Time: 3:51PM ET
Change: Down 0.02 (0.56%)
Prev Close: 3.56
Open: 3.56
Day's Range: 3.52 - 3.57
52wk Range: 2.65 - 3.62
Volume: 51,800
Avg Vol (3m): 86,500
Market Cap: 102.13M
P/E (ttm): 3.97
EPS (ttm): 0.892
Div & Yield: 0.33 (9.27%)
I guess I am not clear
I don't want bonds or stocks, those have commissions on purchase/sale, and are not liquid (I can't walk in and get 12k out today for a bankroll). What LIQUID account gives above 3%, and by Liquid, I mean that at the drop of a hat you can walk in and get as much out of the account, for free, as you want, with no cost involved for deposites or withdrawels. Also, I don't want anything that has good *past performance*. I want something that is insured for my bankroll ... no risk at all.
I want: absolute liquidity (cash today on demand), high interest, and safety for my BR. I still say you can't give me above 3%.
I don't want bonds or stocks, those have commissions on purchase/sale, and are not liquid (I can't walk in and get 12k out today for a bankroll). What LIQUID account gives above 3%, and by Liquid, I mean that at the drop of a hat you can walk in and get as much out of the account, for free, as you want, with no cost involved for deposites or withdrawels. Also, I don't want anything that has good *past performance*. I want something that is insured for my bankroll ... no risk at all.
I want: absolute liquidity (cash today on demand), high interest, and safety for my BR. I still say you can't give me above 3%.
I like the gold Idea
For as paranoid as I think people are here walking into a bank and withdrawing or for that matter depositing 12k would throw up all kinds of flags.
Of all the ideas Zengrifters idea I would think to be the best. The key to that would be finding a dealer or broker that would be fair and have cash on hand. I dont think gold will make any serious downward moves while we are in Iraq. Its almost as liquid as cash easier to transport you could roll up 20 1 oz. gold coins
around 9k and throw it in your luggage which would be a lot less conspicous than moving hard currency.
Also if you dont want to liquidate it I would think most major banks would accept it as collateral on short term notes. Hell I bet even casinos would accept it though that would bring attention to yourself
For as paranoid as I think people are here walking into a bank and withdrawing or for that matter depositing 12k would throw up all kinds of flags.
Of all the ideas Zengrifters idea I would think to be the best. The key to that would be finding a dealer or broker that would be fair and have cash on hand. I dont think gold will make any serious downward moves while we are in Iraq. Its almost as liquid as cash easier to transport you could roll up 20 1 oz. gold coins
around 9k and throw it in your luggage which would be a lot less conspicous than moving hard currency.
Also if you dont want to liquidate it I would think most major banks would accept it as collateral on short term notes. Hell I bet even casinos would accept it though that would bring attention to yourself
Returns . . .
If you take a look at any house up on the hill behind you you'll see $10k per month in appreciation. Since I'm willing to bet you're clever enough to figure out how to purchase just such a house and clever enough to set up a line of credit secured by same, I'd suggest you look there as a possible parking spot for your bankroll.
2%?
Say it ain't so!
P.S. Looking forward to receiving your book. Ordered a few days ago.
If you take a look at any house up on the hill behind you you'll see $10k per month in appreciation. Since I'm willing to bet you're clever enough to figure out how to purchase just such a house and clever enough to set up a line of credit secured by same, I'd suggest you look there as a possible parking spot for your bankroll.
2%?
Say it ain't so!
P.S. Looking forward to receiving your book. Ordered a few days ago.
Already done
We do own and our house is appreciating 10k per month, but it is hard to turn on the spigot and get that out for bankroll. It's great for retirement, if, say, I move to Nebraska (with apologies to all Nebraskans).
>P.S. Looking forward to receiving your book. Ordered a few days ago.
Publisher says they will be delivered tomorrow (Friday, 01/07). We'll ship them immediately to those who pre-ordered. Thanks for your patience!
--Mayor
We do own and our house is appreciating 10k per month, but it is hard to turn on the spigot and get that out for bankroll. It's great for retirement, if, say, I move to Nebraska (with apologies to all Nebraskans).
>P.S. Looking forward to receiving your book. Ordered a few days ago.
Publisher says they will be delivered tomorrow (Friday, 01/07). We'll ship them immediately to those who pre-ordered. Thanks for your patience!
--Mayor