It is too bad that these rates are a result of the Fed trying to play catch-up with inflation……when they have let stupidly low rates ride for years and years. That simply could not continue and now we are seeing the fallout.
But, hey, I will take these CD rates and play the short-term game. I recently bought Schwab and Truist and will be shopping again soon. (I did not buy into the BOC because I simply did not want to. I had looked up that FDIC thing for them just to see WTH? It has been there a loooong time.)
To each his/her own though. I understandand, and I would never try to tell anyone else where to put their money. If they ask me, I do share a very general idea of what I do.
We all have our own risk tolerance and we should behave accordingly. I have only 2 rules for when it comes to where to put money: 1.) Know Thyself and 2.) Understand what you are buying.
Boomer
Last edited by Boomer; 03-15-2023 at 03:43 PM.
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