Quote:
Originally Posted by retiredguy123
CDs were a good investment 30 to 40 years ago. But, since then, the Government's policy to punish savers and reward borrowers and spenders has turned them into a bad investment. Very sad.
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Exactly…….but I am now spending some sideline cash on brokered CDs. I had never bought those before. I did not know that they are bought at $1000, so the number of CDs I needed to buy were in the number of 1000s I wanted to put in.
I have not laddered at this point. I just put some money in for 9 months at 4.70 (or was it 4.75?) annualized rate, FDIC insured, call protected.
Now…..watch for it……there will be at least one poster who will pop in to tell me I am not keeping up with inflation. (sigh) I know that, of course. But I also know it’s better than nothing like bricks-and-mortar banks think they can still get by with.
I do not sell long held dependable dividend stocks because we have been through this together before and I understand the companies enough to think they’ll be OK. Besides, if a dividend stock has been held for a very long time and the company is still doing well and has been increasing its dividend annually, without interruption, for a very long time, the math works nicely to see the dividend yield based on the original share price paid decades ago.
Boomer Whipple