All Things Personal Finance

[computerwiz]

19 hours ago, bobby said:

what is QQQ

 

QQQ is the ticker symbol for the Invesco QQQ Trust, an exchange-traded fund (ETF) that tracks the Nasdaq-100 Index. This index includes 100 of the largest non-financial companies listed on the Nasdaq Stock Market.

Key facts:

• Tech-heavy: QQQ is heavily weighted toward technology companies like Apple, Microsoft, Amazon, NVIDIA, and Meta.

• Growth-focused: It typically appeals to investors looking for growth rather than dividend income.

• Liquid and popular: It’s one of the most traded ETFs in the world due to its performance and tech exposure.

In short, QQQ gives you a simple way to invest in many of the top-performing tech and growth stocks in the U.S. without buying each stock individually.

[Cushi]

While you can find a few news articles online about stock market recovery, the mainstream media is less boisterous about its recovery than it is when it dips or crashes.

 

 

[Witness1970]

The stock market is not the same as the economy.  I had heard that before this guy made a similar comment in this video.  I know people who lost money in the stock market years ago.  They got out of the market and refused to get back in.  They watched from the sidelines as the stock market kept going up.

 

Does it really matter?  I wasn't in the stock market for the first 20 years of my life.  I don't care.  I never got hurt once.  But staying out of the stock market right now is good for my marriage.  My wife gets insecure when she sees the stock market drop.  I'll stay out if it keeps her happy, makes her feel secure.  (I only ever put about 26% of my retirement funds in the stock market and none of my regular savings anyway.  It relly makes very little difference.)

 

They say if the SS fund runs out, everyone's SS check will be about 70% to 80% of what it is now.  I have lived frugally for a long time.  I can live on a smaller SS check.  I have been doing it already.

 

Live like you will die tomorrow, invest like you will live forever.  I know that's not the actual quote, but I thought it fit OK.

Edited May 14 by Witness1970

[computerwiz]

Getting my first big dividend from BTCI.  That 30% APY is no joke!  This will be monthly!  👀

 

[Cool.As.Ice]

Wow, you’re doing really good

[computerwiz]

So tell me why this wouldn't work:

 

BTCI - 30% dividend locked in 6/25.  Sold all BTCI.  Buying CONY today.

 

CONY - 130% dividend locks in tomorrow, 6/26.  Will sell all CONY, buy MSTY.

 

MSTY - 134% dividend locks in 7/3.  Sell all MSTY, buy TSLY.

 

TSLY - 107% dividend locks in 7/10.  Sell all TSLY, buy NVDY.

 

NVDY - 87% dividend locks in 7/17, sell all NVDY, buy BTCI.

 

Rinse & repeat.  If this works, this could net me $10,000/month and I would need to set aside $3000/month for taxes, leaving me with $7000/month extra income.

 

Seems to me like the price drops on payout day, not the locked in day.  So I'm not seeing why this wouldn't work?  In fact, I'm putting it into practice right now to see how things go...

 

This would be incredible if it works out this way!!!  👀  Even Grok is telling me it's a good idea.  Am I missing something???

[computerwiz]

So far so good.  I'll give a detailed update tomorrow when I see my 2nd dividend hit.  First one hit just fine, I timed it right.  

[computerwiz]

On 6/26/2025 at 10:16 AM, computerwiz said:

I'll give a detailed update tomorrow when I see my 2nd dividend hit. 

 

I'm a little late, but...

 

BTCI - Collected a nice $730 dividend

CONY - Collected a nice $1600 dividend, but sold my shares at a $601 loss.

 

So....working great so far!

 

MSTY - Just bought some today at around $21.42 per share.  I'll need to sell it on 7/3 to lock in my dividend and keep this party going!  As of right now, all lights are green.

 

 

 

As long as nothing crazy happens between now and 7/3, I should be good!!  

[computerwiz]

Get some ULTY and YMAX!

 

 

[Witness1970]

On 12/25/2024 at 6:56 AM, Witness1970 said:

Well, I did it.  I opened up a CD ladder.  I put 1/5th of the money I had available in each of the CD's.  They are listed as 12 month, 24, month, 36 month, 48 month, 60 month.  I was tired of having my money in a bank account with 0.3% APY and figured ~4% APY (it varies slightly with each fund) would be better.

The thing is that I was not concerned with having an income.  My thoughts behind the CD ladder were so that all of my spare money would not be tied up for five years.  However, my bank did a little sleight-of-hand.  The CDs at this bank suddenly have the same interest rate no matter the term length.  So, no more CD ladder.  As each CD matures, I will just put money back into a one-year CD.  There is now no advantage to having longer term CDs.  It still beats having money in a bank account that pays almost no interest.

 

In the PNC bank, interest on the so-called "PNC Growth" account pays $0.25 per month on about $10,000 invested.  The interest on the PNC reserve account gets $0.01 per month on a balance of about $1,000.00.  The PNC check account pays NO interest whatsoever.  I just don't know how I would survive without that extra 26 cents per month 🤪.

[computerwiz]

On 7/13/2025 at 6:09 AM, Witness1970 said:

There is now no advantage to having longer term CDs.

 

Rates can change.  Longer CDs ensure you lock in the rate as it is today.

[computerwiz]

Hmm...I never posted here about August.  Whoops!

 

Well...I sounded the alarm elsewhere...  

 

 

 

 

And well.....look at crypto go!  👀