Joined Oct 2008
L4: Apprentice
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What to invest in with extra after tax money?
May 16, 2023 at
08:40 AM
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if you can get non-callable CDs at 5% for 3 years, i'd go that route personally. i'm not too sure how growth will be in the short term. i think we are starting to get the QE hangover that people have been worried about.
My 2 cents.
My 2 cents.
What are the chances the crazies cause US debt to default? Should I wait until June when debt ceiling is raised?
Who knows? Trying to understand yet alone predict crazy morons is a fool's bet. That said, in my limited understanding of it, the likelihood of an actual default is near zero as it would be totally catastrophic. Of some sort of government shutdown to trim costs and buy that more time...more likely. As I understand it, the Gov will pay its debt obligations as not doing that would cause the gov's bond ratings to drop and interest rates to spike big time not only for us but for their tax and spend, out of control borrowing each year. They are much more likely to stop paying gov workers and cutting off discretionary spending and services to people, but even that really can't last too long.
As to waiting, it is May so waiting until June is no big deal imo. Leave it in a 4+% savings account with a reputable bank in the interim.