Dow and S&P closed at record highs today

[james.hendrickson]

And we're in another panic-driven selloff today.

Its probably concerns that NVDA is overvalued.

[bjl584]

And back up almost 500 points today.
If nothing else, the markets have been very volatile.

[james.hendrickson]

I'm buying bonds and large caps. The small cap tech stocks I've been dallying with are pretty volatile.

Anyone holding NAT? Nordic American Tankers?

[disneysteve]

I'm buying bonds and large caps. The small cap tech stocks I've been dallying with are pretty volatile.

Anyone holding NAT? Nordic American Tankers?

The interest rates on bonds have come down quite a bit and will just keep dropping as the Fed lowers rates. The ones I'm buying now are already paying a lot less than the ones maturing were paying. At least I've got bonds paying 4.9% and above going out through 9/2026. I'm sure those rates will look pretty sweet 6 months from now.

As for NAT, it's probably in the Total Stock Market index fund so I must own a little that way.

[ua_guy]

I just had another Chase CD at 5.4% get called, 3 months before maturity on a 12 month CD. But I'm not complaining about market performance this year. My only regret is probably buying CD's and not putting that slice in the stock market.

[kork13]

I just had another Chase CD at 5.4% get called, 3 months before maturity on a 12 month CD. But I'm not complaining about market performance this year. My only regret is probably buying CD's and not putting that slice in the stock market.

I'm not really familiar ... I've heard of callable CDs, notes, bonds, etc ... but does the company compensate you at all for the hassle of no longer having your money invested? Or is the situation more like "here's your money, take it and go away." It sounds more like the latter is the case.

[ua_guy]

I'm not really familiar ... I've heard of callable CDs, notes, bonds, etc ... but does the company compensate you at all for the hassle of no longer having your money invested? Or is the situation more like "here's your money, take it and go away." It sounds more like the latter is the case.

The latter. They return your principal and interest accrued to that point, and you're on your own. On Monday I'll need to find a new investment.

[disneysteve]

I'm not really familiar ... I've heard of callable CDs, notes, bonds, etc ... but does the company compensate you at all for the hassle of no longer having your money invested?

You're compensated in the form of higher interest. Callable instruments are typically paying a higher rate than non-callable ones to offset some of that risk.

For example, right now I can get a 1-year non-callable CD at Vanguard for 4.35%. A 1-year callable CD is 4.65%, but callable in December 2024. So I'd collect 0.3% higher interest but that might end as early as 12/24 where the non-callable one will continue to pay 4.35% for 12 months.