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re: For what rate would you buy a CD?
Posted on 12/2/13 at 6:20 pm to Janky
Posted on 12/2/13 at 6:20 pm to Janky
quote:
No. Why would you tie up money for 3-4 years for 2%?
Because it would come with a put option in case rates go up, probably 6-months interest, which is better than buying 3-4 yr term bonds or a fund where he would lose principal if rates increased and he wanted/needed to sell. Really depends on what he wants to do with the money. Not like the stock market only goes one direction.
1
Posted on 12/2/13 at 8:34 pm to tirebiter
cd's are a waste of time for no money really.
my grandmaw made a shite ton of money with them when they were more than 4%. now shes old and the money is draining quickly.
my grandmaw made a shite ton of money with them when they were more than 4%. now shes old and the money is draining quickly.
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