No. of Recommendations: 2
I can't help but think of Hocus when it comes to CD ladders.

There are a whole lot of really bad ideas being tossed about now, largely by people who have no idea of how to characterize or analyse risk. There are a lot of people who are reaching for yield without realizing that's what they're doing, and the danger involved, and who get very nasty when it is pointed out to them.

When told “More money has been lost reaching for yield than at the point of a gun.” they generally respond "Yeah, that's what all you fuddy-duddy old-timers say, but *my* strategy is different. I've been doing this since 2011[*] and never had any problems, so it's a sure-fire never-fail strategy."

[*] Of course, they never bother to look at a chart and see that they've been investing in a pure bull market.
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