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Are CD's worth tying up your money?
Posted on 5/29/12 at 7:26 am
Posted on 5/29/12 at 7:26 am
Only making $920 bucks after tying up 10k for 5 years seems like it isnt even worth tying my money up for that long? Probably should just dump it into my mutual fund. Any suggestions?
Conservative CD Ladder
Estimated value after 60 months: $10,329.25
This ladder is structured so CDs mature at intervals of every 3 months. This will give you more frequent access to cash, so your earnings will typically be somewhat less than the other scenario, but greater than a simple rollover.
Moderate CD Ladder
Estimated value after 60 months: $10,918.47
This ladder is structured so CDs mature at intervals of every 12 months. This will give you less frequent access to cash, so your earnings will typically be higher than the other scenario.
You have available to invest in CDs. The longest you can wait for your CD to mature is 12 months and the shortest period you will wait for your CD to mature is 12 months.
Conservative CD Ladder
Estimated value after 60 months: $10,329.25
This ladder is structured so CDs mature at intervals of every 3 months. This will give you more frequent access to cash, so your earnings will typically be somewhat less than the other scenario, but greater than a simple rollover.
Moderate CD Ladder
Estimated value after 60 months: $10,918.47
This ladder is structured so CDs mature at intervals of every 12 months. This will give you less frequent access to cash, so your earnings will typically be higher than the other scenario.
You have available to invest in CDs. The longest you can wait for your CD to mature is 12 months and the shortest period you will wait for your CD to mature is 12 months.
6
Posted on 5/29/12 at 7:46 am to blades8088
Not a fan...
Posted on 5/29/12 at 8:10 am to blades8088
Since they're almost completely riskless on a default basis, I would say its "worth it" to basically be given $900, yes. If you want more yield you have to take at least some risk, the degree of worthness attached to that obviously varies greatly.
Posted on 5/29/12 at 8:58 am to blades8088
quote:
Any suggestions?
Buy either aapl, or a dividend paying stock like at&t or so.
Posted on 5/29/12 at 9:25 am to Chad504boy
Im not very knowledgeable in the stock field. How much of a payout might AT&T have? Is it paid monthly?
Posted on 5/29/12 at 9:27 am to blades8088
quote:
Im not very knowledgeable in the stock field. How much of a payout might AT&T have? Is it paid monthly?
quarterly, in the neighborhood of 5%
Posted on 5/29/12 at 9:57 am to blades8088
Should prob stay with CDs then.
Posted on 5/29/12 at 10:49 am to blades8088
IMO laddering a mere $10k seems like overkill. Hell, you'll spend your interest earnings on your time/$$$ spent on constant trips to the bank.
Just do one CD, highest rate. Penalty to break a CD is not as much as you might think. Usually just 30-60 days of interest depending on the bank.
Just do one CD, highest rate. Penalty to break a CD is not as much as you might think. Usually just 30-60 days of interest depending on the bank.
This post was edited on 5/29/12 at 10:51 am
Posted on 5/29/12 at 11:51 am to blades8088
Look for high yielding checking accounts in your area. Should be able to get 3-4% on your 10k and keep it liquid.
Posted on 5/29/12 at 12:03 pm to MikeDaTiger23
Should i even look into a divedend stock or not bother since i know so less about it?
Posted on 5/29/12 at 2:01 pm to blades8088
Invest in a silver or gold trust fund.
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