Ally Bank No Penalty CD

Discussion of the Cash portion of the Permanent Portfolio

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jhogue
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Re: Ally Bank No Penalty CD

Post by jhogue » Wed May 22, 2019 5:04 pm

One thing is certain: Goldman Sachs will be "playing with your money."

That is who they are. That is what they do.
“Groucho Marx wrote:
A stock trader asked him, "Groucho, where do you put all your money?" Groucho was said to have replied, "In Treasury bonds", and the trader said, "You can't make much money on those." Groucho said, "You can if you have enough of them!"
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pugchief
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Re: Ally Bank No Penalty CD

Post by pugchief » Wed May 22, 2019 7:05 pm

jhogue wrote:
Wed May 22, 2019 5:04 pm
One thing is certain: Goldman Sachs will be "playing with your money."

That is who they are. That is what they do.
Who cares? FDIC insured.
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jhogue
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Re: Ally Bank No Penalty CD

Post by jhogue » Thu May 23, 2019 9:13 am

See Craig Rowland's comments in Cash FAQ:

"Q: Why a Treasury Money Market Fund and not something else with better yield?

A: Because you are not looking to take risk with your cash. Treasury Money Market Funds that are properly run are one of the most liquid investments you can own. There are no FDIC limits to worry about, no bank credit worthiness to worry about, and you will always be paid barring some extremely catastrophic event in the country. Chasing yield with your cash means you are taking on more risk and those risks can show up when you least expect (or want) them to. "
“Groucho Marx wrote:
A stock trader asked him, "Groucho, where do you put all your money?" Groucho was said to have replied, "In Treasury bonds", and the trader said, "You can't make much money on those." Groucho said, "You can if you have enough of them!"
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ochotona
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Re: Ally Bank No Penalty CD

Post by ochotona » Tue Jun 18, 2019 8:48 pm

Ally CD rates are declining now... :(
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Re: Ally Bank No Penalty CD

Post by dualstow » Wed Jun 19, 2019 7:27 am

ochotona wrote:
Tue Jun 18, 2019 8:48 pm
Ally CD rates are declining now... :(
It won’t last, but Vanguard’s treasury money market (fund #11) is still paying over 2.3%.
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ochotona
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Re: Ally Bank No Penalty CD

Post by ochotona » Wed Nov 20, 2019 9:05 pm

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dualstow
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Re: Ally Bank No Penalty CD

Post by dualstow » Thu Nov 21, 2019 4:46 am

ochotona wrote:
Wed Nov 20, 2019 9:05 pm
Ally "buckets" sound useful

https://www.ally.com/go/bank/savingstoo ... L400001540
Cool. Seems like a fun way to allocate the right amount for bills and emergencies and see what’s left.
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