Phew! It’s a good thing I opened that CD yesterday morning! I had been planning to open a CD before the January 29th meeting of the Fed Reserve Bank (when it was expected that rates would drop). But it came as a complete surprise yesterday with their emergency reduction of .75%.<\/p>\n
So, I quickly opened a CD in the morning with a 4.55% interest rate. By late afternoon the rate had been reduced to 3.50% (thanks feds). Fortunately, I made it before the lower interest rate took effect. Unfortunately, I stupidly only made it for 6 months (and it’s already predicted that the Fed will reduce rates to about 2.5% in the next few months). <\/p>\n
I’m such a lazy investor. I like the old days when I kept it simple: money was taken out of my check and thrown into my emplyer’s retirement plan, and a certain amount of money was taken out of my checking account each month and put into a Roth IRA. I never worried about what it was doing, and I never had to make rushed decisions regarding CD’s or new funds or what not. <\/p>\n
I miss the old days.<\/p>\n
On the plus side, I played Scrabble with Randy and Deano last night. The first game was just Deano and me and I won. The second game was played by all three of us and Randy beat me…by ONE point. I must say that the only reason he won was because toward the end of the game he was stumped and showed us his letters and Deano and I came up with a 38 point word for him.<\/p>\n
Note to self: don’t help competitors in Scrabble.<\/p>\n","protected":false},"excerpt":{"rendered":"
Phew! It’s a good thing I opened that CD yesterday morning! I had been planning to open a CD before the January 29th meeting of the Fed Reserve Bank (when it was expected that rates would drop). But it came as a complete surprise yesterday with their emergency reduction of .75%. So, I quickly opened […]<\/p>\n","protected":false},"author":74,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-1538","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/archive.blogs.harvard.edu\/snarl\/wp-json\/wp\/v2\/posts\/1538","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/archive.blogs.harvard.edu\/snarl\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/archive.blogs.harvard.edu\/snarl\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/archive.blogs.harvard.edu\/snarl\/wp-json\/wp\/v2\/users\/74"}],"replies":[{"embeddable":true,"href":"https:\/\/archive.blogs.harvard.edu\/snarl\/wp-json\/wp\/v2\/comments?post=1538"}],"version-history":[{"count":0,"href":"https:\/\/archive.blogs.harvard.edu\/snarl\/wp-json\/wp\/v2\/posts\/1538\/revisions"}],"wp:attachment":[{"href":"https:\/\/archive.blogs.harvard.edu\/snarl\/wp-json\/wp\/v2\/media?parent=1538"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/archive.blogs.harvard.edu\/snarl\/wp-json\/wp\/v2\/categories?post=1538"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/archive.blogs.harvard.edu\/snarl\/wp-json\/wp\/v2\/tags?post=1538"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}