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SnoopDoug
- Senior Member
posted: Feb. 6, 2009 @ 8:48a 
fleetwoodmac said:be careful about what?
I got close to $100K that I got from credit cards with %0 APR, and the highest interest rate I can get is %5 from checkin accounts, so I am trying to get more, that is all You're talking about credit card money that your going to have to pay back in the near future? No way should you be putting that money in ARS. What will you do when it comes time to pay it back and you can't sell your positions? A lot of people have their money stuck in what have become illiquid investments. Seriously, unless you have spare money you don't need to access for many years, you should steer clear of these. |
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jdmetz
- Thrifty Member
posted: Feb. 6, 2009 @ 9:06a
How is it that the failure rate is so low on those MARS? Actually, looking at this list of recent MARS auctions, I find a number with a maximum rate of 0%. Where do you find how the maximum/failure rate is computed for these securities? |
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Aldosdad
- Cranky Member
posted: Feb. 6, 2009 @ 10:37a
jdmetz said:How is it that the failure rate is so low on those MARS? Actually, looking at this list of recent MARS auctions, I find a number with a maximum rate of 0%. Where do you find how the maximum/failure rate is computed for these securities? It's tied to the LIBOR more often than not.
Libor current rates are:
(1 Month LIBOR Rate 0.45) (3 Month LIBOR Rate 1.23) (6 Month LIBOR Rate 1.78) |
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Aldosdad
- Cranky Member
posted: Feb. 6, 2009 @ 10:47a
jdmetz said:How is it that the failure rate is so low on those MARS? Actually, looking at this list of recent MARS auctions, I find a number with a maximum rate of 0%. Where do you find how the maximum/failure rate is computed for these securities? Been on that site many times never saw that info b4.
Thanks!
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fleetwoodmac
- Senior Member - 1K
posted: Feb. 6, 2009 @ 11:29a
SnoopDoug said:fleetwoodmac said:be careful about what?
I got close to $100K that I got from credit cards with %0 APR, and the highest interest rate I can get is %5 from checkin accounts, so I am trying to get more, that is all
You're talking about credit card money that your going to have to pay back in the near future? No way should you be putting that money in ARS. What will you do when it comes time to pay it back and you can't sell your positions? A lot of people have their money stuck in what have become illiquid investments.
Seriously, unless you have spare money you don't need to access for many years, you should steer clear of these. Thanks for the advice but isn't there a safeplay here if I stick with AAA rated ones? What do you think? |
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SaveMoreThanABuck
- Addicted Member
posted: Feb. 16, 2009 @ 8:06p
fleetwoodmac said:Thanks for the advice but isn't there a safeplay here if I stick with AAA rated ones? Credit ratings should be a reflection of the default rate. They have almost relevance to the liquidity of the issue. Good luck. |
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firefigher161
- New Member
posted: Feb. 20, 2009 @ 4:55p
dolmar said:
UBS - will open an account for anyone except unless you have $500k there is $195 annual fee. I understand this fee is waived with direct deposit. Believe it or not, that came straight from a UBS F/A. Does anyone have the RMA account? Any reviews/comments on it? or the AMEX "Debit" Card program? Account opening process? Thanks. |
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dolmar
- Senior Member - 4K
posted: Mar. 13, 2009 @ 2:21p
I scored some California Dept. of Wtr. Res. (Power Sys.) bonds paying 5.5% triple tax free. The question becomes how fast they get called. Fitch downgraded CA Dept of Water from AAA to AA3 with a stable outlook and S&P and Fitch still have them rated AAA with stable outlook. The bond is FSA insured with a letter of a credit from JP Morgan Chase. As long as the bond maintains a BBB+ rating or above it is fully liquid. So they are some high quality VRDN paying high rates still out their. I took all the inventory Citi had of this VRDN. |
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SaveMoreThanABuck
- Addicted Member
posted: Mar. 13, 2009 @ 5:37p
Hi Dolmar. Can you share the CUSIP? Perhaps there is some inventory elsewhere. Thanks. SMTAB |
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dolmar
- Senior Member - 4K
posted: Mar. 13, 2009 @ 6:44p
SaveMoreThanABuck said:Hi Dolmar.
Can you share the CUSIP? Perhaps there is some inventory elsewhere.
Thanks.
SMTAB 13066YLM9 |
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largeeyes
- Senior Member - 2K
posted: Apr. 21, 2009 @ 11:37a
I keep seeing mention of Citi's "inventory", but my searches of the thread of turned up bupkis. Can someone link me? |
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talljay
- Happy Member
posted: Jul. 14, 2009 @ 7:51a
I don't want to see this thread get archived. Any interesting going on in this realm? |
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