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For what rate would you buy a CD?
Posted on 12/2/13 at 12:27 pm
Posted on 12/2/13 at 12:27 pm
PenFed's rates have increased to 2%+ for 3-4 year CDs and 3% for 5 and over. I have noticed just a few months ago they were between .80% - 1.40%. Would anyone consider buying a CD outside of retirement? What kind of rate would be your buying point?
Posted on 12/2/13 at 1:44 pm to RickAstley
No. Why would you tie up money for 3-4 years for 2%?
Posted on 12/2/13 at 1:55 pm to RickAstley
quote:
For what rate would you buy a CD?
8%
Posted on 12/2/13 at 3:09 pm to RickAstley
I quit CDs when they fell below 5% for 6 months. Long time ago.
Buy blue chip stocks and hold. Last month I made 3K. Average increase in value over the last 10 years has been just over 2K per month. I haven't taken out a calculator to figure percent per year but it's a LOT more than 1%.
I don't consider it a gamble. Over the last 30 years I have never had a net loss over a 4 month period. Of course, I'm not actually making money since I don't sell. I do DRIPS. I let it sit there. Which is what you're doing with a long term CD.
Buy blue chip stocks and hold. Last month I made 3K. Average increase in value over the last 10 years has been just over 2K per month. I haven't taken out a calculator to figure percent per year but it's a LOT more than 1%.
I don't consider it a gamble. Over the last 30 years I have never had a net loss over a 4 month period. Of course, I'm not actually making money since I don't sell. I do DRIPS. I let it sit there. Which is what you're doing with a long term CD.
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