Many people like CDs because they offer relatively high yields for cash, and because they are safe (when you get a CD at an FDIC-insured institution). However, it’s not a good idea to just sign up for any CD. There are some things to keep in mind as you determine what CD product is best [...]
While it’s true that certificates of deposit can provide you with a safe place to park your cash, it’s important to realize that you need more than just CDs in your portfolio. Even a great CD ladder is no substitute for other investments that offer solid potential for growth. Indeed, while CDs can be great [...]
When it comes to having capital to put into different investments, and cash products, it requires planning. The first thing you need to do is figure out how much you can put into your cash products, as well as your goals for the money. If you are going to be using your CDs as part [...]
One of the ways you can shore up your financial future and prepare for setbacks is to build an income portfolio. This is a portfolio made up of relatively stable investments and products that provide you with regular income. Some of the most popular inclusions in income portfolios are dividend stocks and bonds. These are [...]
One of the reasons that many people invest in high yield CDs is in the hope of beating inflation with high yield cash products. If the yield on a CD is high enough, it can beat inflation, providing some (low) returns, while helping you preserve capital. However, the current economic environment hasn’t been to conducive [...]
One of the most important distinctions to make when choosing a CD is to understand the difference between the call period and the maturity date. Some savers like to consider callable CDs, since they can, in some cases, offer high interest rates — at least initially. One of the pitfalls of callable CDs is mixing [...]
It’s getting a little crazy out there in terms of the financial state of our country. In a lot of ways, the political leaders of the past 30 years have neglected some of the great financial advice offered by our Founding Fathers. And, at this point, it could mean a big mess for all of [...]
Many of us, during these tough economic times, are torn between saving and paying off debt. In times of economic uncertainty, it can be tempting to save up money while there is money coming in to be saved. At the same time, though, paying down debt is a big goal that many have. The path [...]