$SPDR S&P 500 ETF (SPY.US)$ Just submitted an additional or...
$SPDR S&P 500 ETF (SPY.US)$ Just submitted an additional order to transfer about $1100 from my retirement fund into a MMF yielding ~5% annually. There is enough confluence for me to believe the market is about to turn over "bigly" in the coming months, and possibly even in the coming weeks. This likely would have occurred regardless of who won the presidency.
If I'm wrong, then I'm still earning 5% in the MMF and even more in the retirement fund.
If I'm wrong, then I'm still earning 5% in the MMF and even more in the retirement fund.
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Just a dude highly interested in the financial markets who wants to share helpful info along the journey.
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PrimeTimeFortySix : LOL
Derpy Trades OP PrimeTimeFortySix : Lol, lol.
All Also Taken : why not put more in it if you're sure it's going to turn over bigly![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
Warren Buffed : Amazing
Warren Buffed : But isnt usd weaken with rate cut which is very anticipated? Thats affect the yield right ?
Derpy Trades OP All Also Taken : I've already moved more than half of my retirement account into other funds, including the MMF.
Derpy Trades OP Warren Buffed : Rate cuts will affect the yield, but I still feel that a 3 to 4% guaranteed yield is significantly safer than what I believe is coming to the markets. Heck, even if we have a liquidity crisis and the fund "breaks the buck" I'd probably still lose less money than I would if it were directly in equities. There's no guarantee we're going to have a market crash, but I have been studying this for close to 3 years now and there are so many reasons to believe we will that it's not even funny.