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Safety of the CD
Investors and savers alike make investment decisions based on the seeming appeal or lack of appeal of the investment. With stocks or stock mutual funds, the appeal is past performance. With bonds and certificates of deposit, the appeal is interest rate. This strategy consistently produces failure for both the investor and saver.
Investors and savers shun CDs when rates are low and embrace them when rates are high; however, certificates of deposit produce similar investment growth results, whether the credited interest rate is historically high or historically low. Purchasing CDs is always the right choice when attempting to preserve purchasing power. However, CDs are always the wrong choice when attempting to achieve meaningful growth above the rate of inflation or when trying to reasonably increase the certificate’s purchasing power.
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Subscribe now - $295.00 per year gives you access to a 13-point report card on every mutual fund, volumes of reports, studies, proofs, and other support documents that provide investment professionals a proven approach to mutual fund investing. This powerful information will help you convert prospects into clients and solidify relationships with existing clients.
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"In terms of making a positive impact on my business, Jeff McTague's philosophy and process is the single best presentation I have seen in my 22 years as a financial consultant.”
- JoLynn Free
First Vice President
RBC Dain Rauscher,
Austin TX
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