Thread: CDs in today's marketplace

Are there any advantages of a CD in comparison to a high interest savings account? I have roughly 15 months salary in a savings account making 1.59% APY, my banker suggested I open a CD. (Sounded like normal salesmen talk) Looking at the rates I'll be only making .5% to .6% Clearly in the sense of dollars it's foolish. Are there advantages of a CD that balance out the low interest rate?

You should look at putting a portion in non US cds, often you can get 4-7% with 30 day liquidity. Plenty of stable governments out there. The US rates suck.

Here is the link to what you need to see including links to a few banks

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Going international I would have to watch the current currency exchange rate, right? With the USD as weak as it is, and AUD on the climb, it could enable me to make even more on the investment if the AUD gets stronger? Or does the money just stay in USD format and I receive interest solely on the USD? I have no fears in foreign government, only that if the dollar crashes or rebounds and the % I gained on the investment is lost to the conversion rate.

My local CU got me locked in at 5.75% a few yrs ago before the financial crisis. 25k in that one and i cant complain.

get some gold/silver.

in the currency war, nobody is going to be printing more of that.

Originally Posted by sickmint79

get some gold/silver.

in the currency war, nobody is going to be printing more of that.

buying gold at a record high..?

Originally Posted by Forfend

Going international I would have to watch the current currency exchange rate, right? With the USD as weak as it is, and AUD on the climb, it could enable me to make even more on the investment if the AUD gets stronger? Or does the money just stay in USD format and I receive interest solely on the USD? I have no fears in foreign government, only that if the dollar crashes or rebounds and the % I gained on the investment is lost to the conversion rate.

The money will convert to AUD and when you withdraw it you pay fees and it gets converted back to USD. You can profit off this strategy.

Originally Posted by dirago

buying gold at a record high..?

Gold goes up when an economy is weak. Price of gold goes down when the economy is strong.

Buying gold now provides a safety net. To make a lot of money off gold, buy it when it is cheap and sell when the price goes way up.

Build a long term investment strategy and you can get a good ROI. If you invest just to profit you will not reach as high of ROI than you would if you make a strategy for long term.

Originally Posted by dirago

buying gold at a record high..?

it's not anywhere near it in inflation adjusted terms. that's besides the question anyway, which is whether it's undervalued/going to go up

Originally Posted by medinvest56

Gold goes up when an economy is weak. Price of gold goes down when the economy is strong.

Buying gold now provides a safety net. To make a lot of money off gold, buy it when it is cheap and sell when the price goes way up.

Build a long term investment strategy and you can get a good ROI. If you invest just to profit you will not reach as high of ROI than you would if you make a strategy for long term.

there isn't any strategy here whatsoever. your points about ROI and "strategy" couldn't be any more unrelated.