Quote:
Originally Posted by CoachKandSportsguy
Why would someone buy an interest rate instrument with penalties for selling, no potential capital gains, and less interest than the market rates from an institution which takes a huge management fee from the interest?
CDs should seldom/never be purchased as they are a very inefficient financial instrument
just my opinion from looking at the sales material as compared to other similar competitive instruments.
|
Agree with you but tell that to the people who worked for and invested in companies like ENRON. 2 years ago someone tried to sell me bit coins. Politely passed and could have made quick money. If I still had them, would have been down at least 50%. CD's now at 4%. Beets the heck out of my Well Fargo which is paying less than 1%.