Yes, the Sharonview interest payment was very nice. You notice right away the extra dollars on account of 4% vs. a lower rate of interest. Am still kicking myself for not putting in more money. What was I thinking!
Also, for me, a nice boost on 4/1 to my Bellco Index Advantage interest rate. Rate is now at 2.95%. If Fed continues to increase the federal funds rate, and I’m not certain they will, but if they do I could end up with 3.45% later this year at Bellco if you assume two more 0.25% hikes.
Bellco and Sharonview are my success stories. My failures, which I shall not mention in any detail, are more numerous. Can say that if I sense falling interest rates I will be dumping in a lot of money fast. And right now I do not really know why people think rates will continue to rise, but I acknowledge most people think that and I acknowledge rates are not falling . . . at least again for now.
I was feeling great about things earlier when the stock market was ebullient. That situation is supportive of higher and higher interest rates. But the stock market has gone south and, along with it, many of my hopes for lots of 4% and 5% CD interest rates later this year. Now it’s just “wait and see” and “watch very carefully”.