you cant find a better investment than a CD which isnt even keeping up with inflation?I have three CDs maturing in the next three months and I am thinking I should hold off renewing them hoping for a better rate soon this year. Comments?
Don't do it.I have three CDs maturing in the next three months and I am thinking I should hold off renewing them hoping for a better rate soon this year. Comments?
What do you mean by "better?"you cant find a better investment than a CD which isnt even keeping up with inflation?
I have three CDs maturing in the next three months and I am thinking I should hold off renewing them hoping for a better rate soon this year. Comments?
What do you mean by "better?"
TIPS and Ibonds work differently. Of the 2, Ibonds are easier to understand and will probably return more, but you can only by $10,000.Am I wrong in presuming you want a safe place to park your money long-term? I don't know how much you have in your CDs, but if you want a "better rate," why not just purchase an inflation-protected savings bond directly from the United States Treasury? It's guaranteed by the United States government and, if nothing else, at least your money grows at the rate of inflation.
Savings Bonds: About — TreasuryDirect
www.treasurydirect.gov
CD's are for principal protection and guaranteed return. They are investments too.Better ROI? Of course that is assuming @rhinefire is treating the CD as an investment rather than as a vehicle for secure, long-term savings.
CD's are for principal protection and guaranteed return. They are investments too.
I'm not disagreeing with that. I didn't say it was the "best of investments," Everything has trade offs.True. But with the present rate of return in which the purchasing power of the principal is lost year over year, I cannot say it is the best of investments...unless of the market crashes like in 2008 and he is the last one left standing to pick up the pieces with a solid amount of inflation-diminished savings. To have had a few hundred thousand dollars in mature CDs back in 2009 when some of the best companies in the US and around the world were available at bargain-bin prices. It might well happen in the future.
Why did you have your money in a CD in the first place? The Biden inflation has destroyed anything you might have made in interest even if you had it for 5 years. The only reason I put my money in a CD is while I am waiting for our government to crash our economy so I can invest it and make some real money.I have three CDs maturing in the next three months and I am thinking I should hold off renewing them hoping for a better rate soon this year. Comments?
How do you know when he purchased the CD's?Why did you have your money in a CD in the first place? The Biden inflation has destroyed anything you might have made in interest even if you had it for 5 years. The only reason I put my money in a CD is while I am waiting for our government to crash our economy so I can invest it and make some real money.
I get the sure investment insider trading tips magazine put out by Pelosi and congress. That way I know when to pull my money out and when to invest.
Hopefully it hasn't been for too long. Interest rates on CD's have sucked for decades now. Of course now that Carter I mean Biden is in office it might not be too bad. Of course it is doubtful the bankers will give you an interest rate high enough to overcome inflation. That is why they all have their money in the stock market.How do you know when he purchased the CD's?
Not true. show your work. As to the rest of your post -- you're not well-informed.Hopefully it hasn't been for too long. Interest rates on CD's have sucked for decades now. Of course now that Carter I mean Biden is in office it might not be too bad. Of course it is doubtful the bankers will give you an interest rate high enough to overcome inflation. That is why they all have their money in the stock market.
TIPS and Ibonds work differently. Of the 2, Ibonds are easier to understand and will probably return more, but you can only by $10,000.
This is irresponsible language.Nothing in the market is 100%
But there are some pretty safe bets
Equities where you can be fairly certain the dividends will be safe....and the company will still be in business in say 5-10 years
They only grow at 5-7% annually organically....but a lot of people have invested in them for decades safely
You can put your money in CD's or savings accounts and actually lose money to inflation
Or try to at least stay abreast in a safe dividend paying equity