Monday, January 18, 2010
CDs are not a good bet for most investors
We're always happy to talk to local media and share our perspectives on finances. With this story in the St. Joseph News-Press by Ryan Davis, we were able to offer our contrarian point of view that CDs are not a good investment, due to the fact that rates are incredibly low and the money that's in them is tied up. You're sacrificing flexibility, and lots of it, for security. We don't advise this in most situations. Notice that the folks who are SELLING CDs are still advising people to buy them. It's a conflict of interest, and exactly what we avoid by being fee-only investment advisors.
Read the story here and offer your comments.