Quote:
Originally Posted by retiredguy123
There is no separate management fee with Fidelity. The brokered CDs listed on their website already have any fees built into the APY. There is a percentage fee if you turn over funds for them to manage, but that is optional, and you can allow them to manage only a part of your portfolio. Typically, that would be the individual stocks in your portfolio. It wouldn't make sense to pay them to select brokered CDs.
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I know. I have bought some for a short and shorter term. I was getting ready to do it again, but started over-thinking how long to tie up the cash.......
Sure, a CD is a known and it's good to have some knowns. And I have been waiting forever to get some return on cash......
But I could not decide how long to tie up the next batch......
I have been fretting about this for days.......How much? How long? I already bought a 4.7 something, so there it sits, and that's OK.....but I guess the thrill is gone.......
And soooooo, instead of buying a CD this time, I just spent the money on a utility that will pay me 4-ish. (not as much as a current CD rate would) It will never take me on a rocket ride, but the check will be in the mail, and there is always hope for gain along the way, and the term to hold is strictly up to me -- months? years? forever?
Hello, my name is Boomer, and I think I am addicted to dividends. (sigh)