Quote:
Originally Posted by GregWeld
THE MONEY PAYS FOR YOUR CAR!
You'll feel better about putting money into your toys -- when you have REAL MONEY being earned and saved (not home equity rising - that don't count).
Just be mindful of INTEREST RATES when you're investing in Annaly (NLY) or HYG or JNK.... because these invest in interest rate sensitive product... and as interest rates RISE you'll take a hit in the capital side...
I use these to PARK money and get a great return -- so think about it this way -- you can have money in a money market account and make .025% --- or you can park money in JNK - HYG - NLY and make 7 to 12%... but you have to be ready to move. They are not "park it and forget it" names.
Since the FED has said it's leaving rates LOW.... we're looking good here - but be ready if the FED SIGNALS it's changing it's mood! Then you SELL these names quick!
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One good thing about this thread is that it has legs. I don't think it will just end, because its something like cars that we all have in common. Its just another part of the car hobby(funding it to a lesser degree sorta). It might even pass vegas69 build thread one of these days! I know I check it daily. thanks for getting it going and keeping it going.
mike