))
Ep.47 The Pros and Cons of CDs as an Investment Option
Manage episode 407247570 series 3559080
Content provided by Sean Moran. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Sean Moran or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.
Ep.47 The Pros and Cons of CDs as an Investment Option
Many people are turning to CDs as a safer way to save money right now, but is it really the best option? In this episode of the Red Barn Financial Podcast, we explore the pros and cons of Certificates of Deposit (CDs) as a savings vehicle.
Pros:
Interest Rates are higher than they have been
Less risky in the short term than stocks
Short term CDs are yielding close to 5%
Cons:
Liquidity
Taxes will eat into your earnings
Getting out early could cost you interest/yield
If you are invested in CDs and the stock market rallys you could miss out.
Disclaimer - The information in this podcast is for educational purposes only. It is not tax, legal or financial advice. Everyone's financial situation is different. If you have questions about your financial situation, contact us at redbarnfinancial.com email smoran@redbarnfinancial.com or call 615-619-6919
79 episodes
Share
