Financial Advice

Are CDs worth investing in, right now? Or should I wait until the economy returns to some state of normalcy. The best APR that I can find, for how much I want to invest, is 1.6%. Thanks, in advance, for any advice or suggestions.

definitely - just make sure it's got one of these stickers

At the very least you should Park the money in an online savings account make 1.2 1.3%.

Quit being a pussy and YOLO some options.

Assuming that you have no high-interest debt and 3-6 months typical expense cash available (money market or similar) for unexpected needs, and are funding retirement accounts as much as possible...

Main question is when do you anticipate wanting to spend the money you’re investing. Anytime in the next few years, just add it to your interest-bearing cash reserve account. 5+ years, probably go with diverse stock fund of some sort.

I haven’t looked in a little while, but I doubt CDs are paying enough to make them worth the relative loss of liquidity compared to a good money market account. None of these are paying much interest.

ChrisL68 said:

At the very least you should Park the money in an online savings account make 1.2 1.3%.

Click to expand...

This. Or just do some USO options as Knight would say. Then again, I've been short Zoom for the past month.