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**DaFace** · 06-27-2016, 11:23 AM

A place to talk about investing stuff.

**Rain Man** · 10-25-2024, 04:03 PM

Quote:

Originally Posted by ChiliConCarnage

Would it be considered too greedy if I inquired about purchasing multiple subscriptions?

With multiple subscriptions, I'll throw in a free football phone.

**Rain Man** · 10-25-2024, 04:08 PM

Okay, lesson learned here. I bought a ton of long-term CDs when they were offering rates of 5+ percent. We're talking 5, 10, and even a few 20-year CDs. I've been looking at income projections and for some reason my fixed-income projections are declining, which should not be happening.

I went into my messaging, and the stupid banks are calling my CDs left and right. So I took a lower rate a year or two ago to lock in long-term rates, and now the banks aren't going to honor them. They've giving me my money back since I made a good call.

Screw bank CDs going forward. I'm not going to buy any going forward for more a 3-month or 6-month term.

And yeah, I knew they were callable when I bought them, but I didn't know what the likelihood of that was. I figured it would have to be some sort of cash crunch to do it. But no. The banks baited me into giving them money and now they're screwing me over.

I repeat: screw bank CDs going forward.

I hope at least a few of them will honor their promise.

06-27-2016, 11:23 AM
DaFace Kind of a mod DaFace's Avatar Join Date: Aug 2005 Location: Donkey Land	Investing megathread extravaganza A place to talk about investing stuff. Last edited by DaFace; 02-19-2021 at 06:35 PM..
Posts: 52,492

10-25-2024, 04:08 PM	#14102
Rain Man Seize life. Be an ermine. Rain Man's Avatar Join Date: Jul 2001 Location: My house	Okay, lesson learned here. I bought a ton of long-term CDs when they were offering rates of 5+ percent. We're talking 5, 10, and even a few 20-year CDs. I've been looking at income projections and for some reason my fixed-income projections are declining, which should not be happening. I went into my messaging, and the stupid banks are calling my CDs left and right. So I took a lower rate a year or two ago to lock in long-term rates, and now the banks aren't going to honor them. They've giving me my money back since I made a good call. Screw bank CDs going forward. I'm not going to buy any going forward for more a 3-month or 6-month term. And yeah, I knew they were callable when I bought them, but I didn't know what the likelihood of that was. I figured it would have to be some sort of cash crunch to do it. But no. The banks baited me into giving them money and now they're screwing me over. I repeat: screw bank CDs going forward. I hope at least a few of them will honor their promise. Last edited by Rain Man; Yesterday at 09:01 PM.. Reason: Typographical error required correcting.
Posts: 143,110