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Question: Is investing in a cd a good choice right now?

(Posted by: on 2010-03-09 07:47:34)

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Posted by: Michelle on 2010-03-09, 07:51:20

No. CDs are only good for landfill.

Posted by: Commander McBragg on 2010-03-09, 07:53:10

It is a good idea for a person that is retired and does not expect to live much longer-like maybe 10-15 more years. I would not invest in CD's for many other reasons. Too much risk of inflation. You would have to make 20% more than the inflation rate just to break even with taxes. Inflation could reach 10%-20% with our deficit soon.

Posted by: Kenny on 2010-03-09, 07:57:03

Yeah if you want to go long term and not have your money available. but investing in the market is smarter and with help from sites like tomsstockpicks.weebly.com/ they will give you information and tools to help you make good decisions in the market. ive been using the trade strategies and its been very useful

Posted by: Len on 2010-03-09, 07:58:46

CDs are not investment vehicles as they can't hope to match inflation. They are a safe, secure place in which to park cash on a temporary basis and not more than that. If you want to merely preserve capital, then a CD is excellent. I invest in stocks but won't suggest you do as I do for it isn't your bailiwick. Nor will I suggest any other investment vehicles for you haven't requested help of that sort. Len

Posted by: muncie birder on 2010-03-09, 08:43:30

Not a real good choice but perhaps better than some provided you do not go out beyond 2 years. You will not get rich doing so. They are just sort of a parking place more or less.

Posted by: jeff410 on 2010-03-09, 11:59:41

That depends on you and how much risk you can take. If you cant afford to lose principal and you need the money in the short term then a CD is a good idea.