UnThreaded | Threaded | Whole Thread (13) | Ignore Thread Prev Thread | Prev | Next | Next Thread
Author: Matt1344 Big gold star, 5000 posts Feste Award Nominee! Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 75890  
Subject: Re: What is 'Best' of the safe investments...? Date: 4/2/2005 10:04 PM
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Recommendations: 0
"3. Is the market now good for CD's?

I think she will probably sign up for the longest term cd."


HI GeMaximus88,

Not SirTas but a couple of thoughts... Because interest rates are moving upwards this is not the best of times to buy long term CDs as she will be locked into those returns for the length of them. I know ING is paying me 2.8% right now and will raise when the FED continues their move upwards. It is expected that rates will hit 4% within a year... If foreign nations quit buying our debt due to the falling dollar rates may be forced even higher... S. Korea has already served notice they will be reducing dollar assets. Japan, China & Malaysia will possibly follow suit.. So todays rates may not look too attractive in a year.

So to beat what you can get at ING or Emigrant you have to buy longer term CDs which may well be paying less than available rates in the next year...

Here are rates on Fidelity's site:

3Mo. 2.7%
9Mo. 3.35%
1Yr. 3.6%
2Yr. 4%
3Yr. 4.25%
5Yr. 4.6%

Best of luck,

Regards, Ken
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (13) | Ignore Thread Prev Thread | Prev | Next | Next Thread

Announcements

The Retire Early Home Page
Discussion on accelerating retirement day.
Pencils of Promise - Back to School Drive
"Pencils of Promise works with communities across the globe to build schools and create programs that provide education opportunities for children."
Managing Your Wealth
Our own TMFHockeypop from Rule Your Retirement fame on the TV show Managing Your Wealth.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and "#1 Media Company to Work For" (BusinessInsider 2011)! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.
Advertisement