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Joined 2 years ago
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Cake day: June 13th, 2024

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  • CD rates are shit right now, thanks to low interest rates.

    Actually, they are really good. The interests rates have come down a bit from their peak, but aren’t actually low at all compared to the last 10 years. There hasn’t been a better time than the last 3 years to be in CDs since basically the 90s.

    I am mainly in CDs due to external factors that make locked in returns over regular periods more attractive than other options, though.


  • Yeah 8% over 1 month is pretty huge. Not suggesting this will actually happen, but if the current trend continues at the same rate, it will be a 62% loss over a year.

    A short period of time before the Iran war started, I pulled all my money out of the market and am 100% in CDs now. I didn’t time the top perfectly, but that’s never really my goal anyway, and I’m definitely beating the market right now with modest returns.