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Sanrith Descartes

Sanrith Descartes

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"According to the FT, Citigroup credited a client’s account with $81tn when it meant to send only $280, an error that surely hinder the bank’s attempt to persuade regulators that it has fixed long-standing operational issues.

Citi’s $81tn near miss in April was due to an input error and a back-up system with a cumbersome user interface, according to FT sources. In mid-March, four transactions totaling $280 destined for a customer’s escrow account in Brazil had been blocked by a screen that catches payments that are potential sanction violations. The payment was quickly cleared, but nonetheless remained stuck in the bank’s system and unable to be completed normally."
 
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Sludig

Sludig

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I know some options to possibly invest already but I'd still kinda like to stay liquid for any crazy farm expenses, but sofi continues to creep rates down.

Any other aggressive good rates out there to compete with them? I'm down to like 3.6 i think it was.
 
tugofpeace

tugofpeace

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Sludig said:
I know some options to possibly invest already but I'd still kinda like to stay liquid for any crazy farm expenses, but sofi continues to creep rates down.

Any other aggressive good rates out there to compete with them? I'm down to like 3.6 i think it was.
Click to expand...

It's 3.8.

Best High-Yield Savings Accounts Of April 2025 - Up to 4.50% | Bankrate

To find the best high interest rate for you, browse Bankrate's list of the best high-yield savings accounts from federally insured, highly rated institutions.
www.bankrate.com www.bankrate.com

There's various banks out there offering about 4.5% or so. You could park your money in SWVXX which looks to be about 4.2% right now.
 
Jysin

Jysin

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Treasuries still paying 4.32 for a 1mo. (Buy directly through Fidelity)

That is how I roll my short term cash positions.

If you ever need the cash on short notice, you can sell on the open market, wait 1 day for the trade to settle, then initiate your transfer to your bank.
 
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tugofpeace

tugofpeace

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Jysin said:
Treasuries still paying 4.32 for a 1mo. (Buy directly through Fidelity)

That is how I roll my short term cash positions.

If you ever need the cash on short notice, you can sell on the open market, wait 1 day for the trade to settle, then initiate your transfer to your bank.
Click to expand...

This is interesting.. but for me the payoff doesn't seem worth the hassle.

4.32% yield vs 3.80% on say, $100k is just $520/year or $43/month

Good advice though. I would rather just move my funds to a bank that has a similar APY, there are some out there that are FDIC insured
 
Sanrith Descartes

Sanrith Descartes

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Blazin

Blazin

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Still didn't touch it so the streak doesn't end yet. We really going to get this close and not touch it.
 
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Sanrith Descartes

Sanrith Descartes

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Blazin said:
Still didn't touch it so the streak doesn't end yet. We really going to get this close and not touch it.
Click to expand...
A wise investor once told me to always price a buy a little above the mark and not be OCD about the exact price :)
 
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Borzak

Borzak

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Got a call earlier in the day one of my mineral rights payouts for a couple of months is being trasferred today. Nice timing, for me for now.
 
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Tirant

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Are you in the Haynesville? Good time to be getting Natty G royalties. Just had some new wells come on in the SCOOP under some of my minerals and the gas price for September was $1.27, by December was $2.92, and the current Henry Hub is at $4.40. Make sure you double check your division orders, O&G minerals is one of my primary businesses and the most annoying part is trying to get one of these giant O&G companies to get my interest correct, they always want to keep paying whatever decimal they were paying the guy I bought them front, regardless of what they really are.
 
Sanrith Descartes

Sanrith Descartes

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Missed the bottom on my JPM fill by 5 cents. Added to my position at about the 100 DMA ($246). Added to my TOPT position at $24.70, missed my GOOGL fill buy about $2 and as previously mentioned added to AMZN at $200.
 
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