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OT- Have any of you put money into a CD recently i am having a hard time finding
any banks that will give 5% or more on 150-200k unless i do 3 years. i am in Arkansas any suggestions?
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Originally Posted by
99jc
any banks that will give 5% or more on 150-200k unless i do 3 years. i am in Arkansas any suggestions?
Yeah - buy rural land
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i have enough land i own a freaking mountain just trying to avoid capital gains tax for a while
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Originally Posted by
99jc
i have enough land i own a freaking mountain just trying to avoid capital gains tax for a while
I don't want to own the mountain, but I wouldn't mind visiting said mountain. For research purposes of course.
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Originally Posted by
Vandownbytheriver
I don't want to own the mountain, but I wouldn't mind visiting said mountain. For research purposes of course.
Don’t let him fool you. The only mountain he owns is a Yogurt Mountain
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Originally Posted by
Dawgology
Don’t let him fool you. The only mountain he owns is a Yogurt Mountain
Oddly enough, I used to work for the guy who founded that company. Ran some Blockbuster Video stores and then sold off his shares in the franchise and opened up the yogurt chain. Always was a nice enough guy.
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Senior Member
Instead of a CD take a look at RYLD, it's a covered call ETF paying around 1%/month. I use it for a short term place to park some cash.
It may not be a fit for you but it's worth checking out.
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Take a look at Ally or Bask Bank. Bask is the online banking line of business for Texas Capital Bank.
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Synchrony is like 4.55 I think. Check local FCUs you should be able to find above 5.
I Bonds are 6.89%
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Senior Member
Originally Posted by
99jc
i have enough land i own a freaking mountain just trying to avoid capital gains tax for a while
There's no such thing as 'enough land'..
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Originally Posted by
mo7888
There's no such thing as 'enough land'..
you may be right but i am satisfied...... i got a huge inheritance of land...and my wife is about to get a big inheritance of land about 400 acres on the Buffalo River in Arkansas.... thanks to all for the input i will check them out.
Last edited by 99jc; 01-04-2023 at 09:09 PM.
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You can get a money market for 3-4% right now. Get the interest plus have access to your principal if you need it.
Bonds are really good right now too
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Senior Member
Originally Posted by
99jc
you may be right but i am satisfied...... i got a huge inheritance of land...and my wife is about to get a big inheritance of land about 400 acres on the Buffalo River in Arkansas.... thanks to all for the input i will check them out.
I hope it works for you...I'm in the Ozarks myself...if you decide you wanna lessen the burden of having that land let me know lol
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Muni bonds aren’t bad if you find the right one. Can get 4.5% tax free and pay under par. So the yield is over 7%.
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I’m kind of in the same boat minus the land (though I am looking for some it’s just hard to come by in Lowndes County). I’ve got a chunk of money I’m trying to put in properties but the out of state flippers and local realtors beat me to everything or outbid me on auctioned properties. It’s frustrating because the stock market is kind of a wash right now.
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Well, this is a world I can't relate too lol
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NM didn't see the 150-200k part.
Why not buy I bonds? They were paying 9.x% last year and 6.89% right now.
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Originally Posted by
MrCoachKlein
NM didn't see the 150-200k part.
Why not buy I bonds? They were paying 9.x% last year and 6.89% right now.
You can only put 10K in an I Bond.
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Originally Posted by
HoopsDawg
You can only put 10K in an I Bond.
Yeah, if you hit it in December you could do 10k for you spouse and all kids then turn around and do the same in January. You can also go over that with tax returns, but I completely missed the amount he said in his post.
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Originally Posted by
HoopsDawg
You can only put 10K in an I Bond.
He and his spouse can put $20k total, and if they have a refund coming, can get another $10k that way. Any LLC can also put $10k in. With him already owning a bunch of land, presumably at least some of that land is in a business entity so that's $40k out of $200k that he can get in over the next few months depending on when his return is due.
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