Posts by Patrick Thompson77

coastalmarlin64 said:What kind of setup would you guys suggest for saving up for a kid while throwing in some insurance coverage?
I’m looking at putting away roughly $67 a month, but the main thing is I want to make sure if anything happens to the little one, they're actually covered.
Hey, does anyone at USA have something like this in their portfolio?
I’m just having a hard time digging up the specifics—like, out of that $67 monthly chunk, how much is actually going toward savings versus how much is just paying for the insurance side of things?

Since you're looking for that insurance component, you're really talking about life insurance products specifically!!!
As for how much goes to savings versus premiums... there isn't a simple answer to that. In the beginning, a bigger chunk of your money goes toward the insurance cost, but once you pass the halfway point of the term, more starts going toward the actual savings side. Honestly though, my two cents? It might be smarter to insure the person taking care of the happy child, but set the beneficiary as the kid. There's a much higher chance that something could happen to a parent, and then having those funds available to help the kid out is huge... Hope that makes sense—just remember that the kid won't be able to touch any of that money until they hit adulthood...

copperowl17 said:I’ve been looking into an interesting strategy that could potentially net you an annual return of roughly 12–15%, all while keeping risk at a minimum:

The idea is to park your capital in a money market fund (which generally yields around 6–9% annually). Then, around mid-December, you pull those funds out and pivot into AT&T stock (which typically sees gains of about 6–10%). You’d want to sell your AT&T shares just before the company officially announces its dividend payout—specifically, before February 10th.

Now, you might be wondering: why bother selling the stock before the announcement?
It’s pretty straightforward: once a dividend is declared, the stock price almost always drops by the exact amount of the dividend payout. From a purely mathematical standpoint, there’s no real benefit to holding onto the shares longer than necessary.
There is, of course, the small chance that they decide not to issue a dividend at all, but we won't know that until after February 10th. Historically, however, the stock tends to trend upward starting about two months before the dividend announcement. By selling right before that news hits, you capture that upward momentum regardless of whether they actually end up paying out a dividend this year or not.

Once you've liquidated the position, you simply move the cash back into the money market fund and repeat the cycle every year.

Should I go with a Chase money market fund or a standard USD one? Which one do you think hits better? Where are the returns higher? And should I really jump in and out in mid-December? Why specifically then? I'm not actually looking to buy any AT&T stock myself...

man, honestly, I think that whole TAN thing is a complete waste of time. I mean, anyone could just clone your card info from those 40 digits and...