Fidelity - Stocks by the slice?

[tallyho8]

Just checked, still getting 1%. View attachment 660679

I saw that advertising page also when I was checking into my account. But when I logged into my savings account and went to the details page, it showed that now they are only paying .5%.
I believe that they just did not update that advertisement.

 

[two_bit_score]

My online savings account pays 1% with no minimums, no fees, no restrictions. Capital One 360 which used to be ING Direct. Oh for the days when CD's paid 7-8%!

Heck I remember when Jumbo's (>$100k) paid 15-16% easy some would go higher on short term teasers in early 1980 - 81. Yes the Carter/Volker years were good for something.

"The Federal Reserve board led by Volcker raised the federal funds rate, which had averaged 11.2% in 1979, to a peak of 20% in June 1981. The prime rate rose to 21.5% in 1981 as well, which helped lead to the 1980–1982 recession, in which the national unemployment rate rose to over 10%."

NOT political just a historic FACT.

 

[two_bit_score]

I think that's a bogus analogy (though I've heard lots of people supposedly "in the know" who've used it).
Buying a distressed stock isn't necessarily buying it "on sale". You don't know if it's going to bounce back or not. Yes, if the market in general is down, and it's a good solid company then it could very well be a good buy. But you've gotta do your homework...that stock could be in the tank for a good reason too. It's not the same thing as a sweater, box of ammo, tool or other physical item.

Buyer beware!

Enron (ENR) anyone??? Anyone????

 

[jmc]

Just stumbled across this blog posting by a financial guy who is skeptical of the stock market and of stock marketers right now. He talks about fractional shares and who pioneered them. It's kinda entertaining.

Two Reasons to Worry - HumbleDollar

 

[riptides]

Just stumbled across this blog posting by a financial guy who is skeptical of the stock market and of stock marketers right now. He talks about fractional shares and who pioneered them. It's kinda entertaining.

Two Reasons to Worry - HumbleDollar

"investing requires a healthy balance between optimism and pessimism"

LOL. I factor in my greed. I have set monetary goals, over time. Once reached, I rethink and reinvest.

I don't go for day trading, I don't go for fire and forget.

I play old school rules. But alas, even those cannot beat an algorithm.