More investors counting on certificates of deposit. What are the benefits of CDs?

[@tahirisaid2693]

I’m glad I pulled through, despite the crises. I am retiring next yr at 55 with 3 houses paid off worth 4.5 million. One is my place of residence the other 2 properties will give me $80,000per/yr rent . I will have an income stream of $20,000 per mnth through my super which gives me total $240,000 a yr to live comfortably. I have no debts _.._ Stay Motivated!!

[@georgestone0123]

You have done great for yourself. I’m trying to get onto the housing ladder at 40. I wish at 55 I will be testifying to similar success!.!

[@tahirisaid2693]

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[@georgestone0123]

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[@georgestone0123]

Thanks to these recommendations, I successfully located her online profile and have already reached out to her with a message..

[@lidarman2]

You should call in on the Jill on Money podcast.

[@skoopqueen]

CD laddering is one of the smartest moves I made in diversifying my investments. 📈💰 By strategically spreading my investments across multiple CDs with varying maturities, I've not only safeguarded my capital but also enjoyed consistent returns.I wasn't financially free until my 40s, and I'm still in my 40s. I've bought my second house, earn on a monthly basis through passive income, and achieved 4 out of 5 goals. Investments are a wise decision I made

[@stephaniefythm]

Glad I came across this comment section. I was struggling to decide what to do with a good amount of money in the bank doing nothing. I would be happy if you could advise me, as I am ready to go the passive income path.

[@skoopqueen]

Okay, so generally speaking, investing calls for more knowledge. For this reason, it's crucial to have a strong support system (financial counselor) to lead you through, particularly while choosing assets. I work with (REGINA LOUISE COLLARO), a registered wealth management company's partner investment advisor. For the record, it has been the best experience for my finances. You may have heard of her because of how well-known her services are. She helped me become financially solid through investment, and now I profit from her passive income strategies on a monthly basis.Therefore, I'll suggest that you choose a reliable investment advisor for yourself.

[@skoopqueen]

Regina Louise Collaro is based in the United States and can work with anybody wherever they stay. If you would like more information about her, you can conduct a search online.

[@ugojazzy7812]

personally, I'm blessed and realizing I'm not the only one working with Regina Louise Collaro. I will consider myself lucky. I've been able to feed and make a living through her advice and great work. For such a person as Regina, I owe her gratitude, support and endless prayers as it is not easy to gain access to such a competent and reliable adviser. Who isn't just wise but has all it takes to handle an investment and is good at what she does.

[@kchaney9735]

Lol so obvious

[@randybatts2233]

Just made me good money off of 7 month CD!!

[@nala3038]

You don't want anything long term right now with rates rising and expected to rise for the foreseeable future. Buy short term treasury bills and earn 5% for 13 weeks and then roll them over into the new 13 or 17 week bills at the next higher rate.

[@guzzi95]

Why not mention Callable vs. Non-Callable too. I only buy Brokered CD's, non-callable.

[@roberthouston3809]

American1 Credit Union has a 6% CD

[@sharpaf310]

Do you have to pay taxes once you pull money out after maturity?

[@Soldierforchrist111]

You pay interest annually to IRS ......

[@sunshinevendetta]

so this is the cdo equivalent instrument to short like was in 2008 but now into 2023, the next bubble

[@TuAmiguito69]

How are the interest paid by the bank? 5% monthly?

[@vickierockwell5301]

No, 5% annually

[@colombiabound1633]

Some banks pay monthly

[@Darkstalker212]

My bank pays monthly

[@Sonofawildanimal]

The lady said buy now while the interest rates are still low!!! Buy now people because the buying frenzy has begun again!!!

[@ThraxMan84]

Would a short term CD be good for somebody who makes about $35k/year gross?

[@supraondueces]

Yes! Start something now, stack chips, drive whips and take trips my friend. The earlier the better, you will eventually learn how to transfer it to the stock market and start making even more money.

[@Eli-lx2fq]

USAA 5 percent 🎉🎉

[@ihmpall]

CDs nuts 🤣🤣

[@danasmith1899]

4% I got five and a half?, But the Ford stock was paying 5% and it's gone up 15 percent

[@ihmpall]

Wow you’re so smart

[@gsxr1189]

Isn't that Ford stock down 12.3% since this video & your comment was made? My CD's aren't down.

[@joe13869]

Wait a min, why aren't banks advertising this? I can't even believe this. Why even have more than 10 grand in cash, just put the rest in CD'S no?

[@sexygeek8996]

They want you to keep your money in low-interest checking accounts.

[@Sonofawildanimal]

Yeah put your money is cds and high yield savings accounts!!! High interest rates are actually good!!!! Home and car prices are far too high

[@jesse20241]

@@sexygeek8996 looks like you say .. banks don’t want us to earn on cd’s and so they are not advertising anything about it through emails. I just found out that my bank Wells Fargo came up with a new offer for cd’s in May this year with better interest rate compared to previous rate of terrible < 1% and I didn’t get any emails about it. I have been banking with them for over 9years now and never have they sent any emails about advertising cd’s . They send emails about all other unwanted offers which earn no interest on my savings. Am glad I now know we can earn something out of our savings. I will shift my savings to cds now. Thanks for your insights.

[@Direx232]

Why would they? It’s free money which is virtually no risk. What you want to do as a consumer is open multiple CDs on short term with those higher interest rates. By multiple, I mean open 3-4 CDs within a 7-15 month expiration period. Find a way to pay yourself back and explore other banks that have high yields in the upcoming year.

[@jesse20241]

@@Direx232 yup great advise.Other banks are giving better rates than Wells Fargo. Good bye to wells Fargo.

[@angelachanelhuang1651]

hello

[@pushslice]

the bank CDs are still lagging Uncle Sam. For fixed-term options, your money is better spent on a US Treasury bill at this point. Over 5% now. The banks are still being stingy. they want to feast on their fat overhead, and depending on Joe-public to be lazy enough not to know the difference . Further still: US treasury bills are exempt from state income tax, once you collect the interest! Bank CDs/deposits are not !

[@jasonc.5175]

Bore, no new information

[@0007tad]

Never trust a grown-up ( Professional ) wearing earrings, 2 no less...great corporate look..Im show he's rocking Jordans Hightops under the desk.

[@gringoboy701]

Ya we should only trust those corporate wall street looking old guys.

[@0007tad]

@@gringoboy701 as long as they arent liberals..

[@BrandonClark-StocksPassports]

waste of time

[@davediamond7228]

and you are such a genius that you wasted more time commenting !

[@john-smith.]

@Owen G You won't...enjoy the basement.