The employment cost index came in a little softer at 1% than the 1.1% expected while the Case Shiller home price index showed a 3.1% reduction –both playing into the scenario of a softening economy. What is bad news is good news today–equities are up 2/3% and interest rates are off just a tiny bit.
As I expected dividends and interest payments hit the Fido account already giving me a 4/10% bump today–no skill needed for that–just have some investments. eTrade is always late crediting payments so have to wait until tomorrow for that ‘bump’.
So I am in the position of now having a little cash ready to invest, but not having a setback in prices to deploy it–patience is the key I guess–as many have noted at least I am getting near 4% on idle cash–a damned sight better than a year ago.