Can you advise as to your CD shopping?
It goes like this:
a. I notice that I've got 25K in checking (don't ask me about savings account...that's also zero interest).
b. Do I need a new car? If yes, buy it with cash. If not, proceed to 'c.'
c. What are the best 1 year CD rates around here? Best I ever got was 10% but that was during the S and L debacle. Made a lot of fast cash off of that. Last search was 1.5% CD for 1 year. Too low. Proceed to 'd'.
d. Check stock performances. Best over the few months was Chevron but I'm overloaded on Chevron. Next best was United Technologies. Returning about 6%. So, I bought 10K more of that.
e. Allow current 15K in checking to get up to 25K. Wash, rinse, repeat.
I've never gotten burned on a stock. The bad ones produce about 2; the good ones about 10. They have always exceeded inflation. I don't use a broker. I deal with them all directly.