Invest in CDs now or wait?

[JohnHL]

P.S try to keep away from CSG big banks!

If I could look into a "leaders" accounts, that's what I would see.

Pardon my financial ignorance, but what are "CSG big banks" and "leaders" accounts?

John?

 

[ggibson511960]

True, but for this reason. His father died, and he requested a hardship discharge to go home and take over the family business. Request granted.

Inconvenient historical facts didn't stop the Peanut Farmer in Chief from falsely claiming to be a nuclear engineer. State professional engineering boards don't recognize non-accredited Naval Academy degrees as equivalent to accredited engineering degrees, worthy though a Naval Academy degree may be for leadership. You can't legally call yourself a nuclear engineer without professional registration. The Peanut Farmer could have obtained registration by working in the nuclear engineering field for a period of time, passing an Engineer in Training Exam, passing a professional engineering exam, and completing an application with recommendations from other registered engineers. Not even close. This is major thread topic drift, but relevant to the claimed qualifications of politicians to manage our economy.

 

[Faulkner]

The best way to double your money is to fold it in half and put it back in your pocket. Cash will always be there. Can't say the same about dividends and interest.

The financial term for that is lazy money. Your money should be working for you, not laying around.

 

[GypsmJim]

In times of trouble I'd INVEST heavy in expensive Bourbon and CHEAP women…….. I'd probably squander the rest

Well, that one way to do it. Personally, I like cheap beer and classy women.

 

[GypsmJim]

The time to invest in cash and/or CD's was about a year ago.

If I could look into a "leaders" accounts, that's what I would see.

That wasn't my experience. A year ago I had an account come due and the CD rates simply sucked. Last month I got one for 6 %.

 

[HOUSTON RICK]

Long term I still believe in direct stock purchasing (usually dividend reinvestment plans - low or no fee) even at retirement age. Stick with what you know - no crypto currencies for me - CD and money market funds when high for short term parking of money. Have happily had many of the same stocks for 40 years.

 

[tops]

I think land is the best investment. I can always use it to grow something to eat. The only stock I want is livestock and it can be used for food. Gold is not any good if you don't have food. Larry

 

[ladder13]

That wasn't my experience. A year ago I had an account come due and the CD rates simply sucked. Last month I got one for 6 %.

Point being the S&P and Dow were down 15-18% in the previous year. Being in a 0.1% CD would have been better than that.

Best I see currently is ~3.25-3.50%

 

[schutz5]

Pardon my financial ignorance, but what are "CSG big banks" and "leaders" accounts?

John?

Hi John,sorry for the typo.
ESG stands for environmental social governance.
Also be alert about banks that may get " bail ins".

 

[JohnHL]

Hi John,sorry for the typo.
ESG stands for environmental social governance.
Also be alert about banks that may get " bail ins".

Thanks for the clarification, schutz5.

I had a feeling that is what you meant, but I've learned (the hard way) it's best not to assume.

But now I wonder, what are "bail ins"?

John?

 

[JohnHL]

Thanks for the clarification, schutz5.

I had a feeling that is what you meant, but I've learned (the hard way) it's best not to assume.

But now I wonder, what are "bail ins"?

John?

Just googled it.

Good advice.

Thank you.

John