Converting cash to CD's in the wake of recession.

Express Scripts / Eng
esrxstar

Express Scripts Eng

PRE
BlackBerry, Intuit, Cerner Corporation
esrxstarmore
Aug 23 16 Comments

With the trade war going on and with the interest rate cut. Is it a good idea to move money to CD's and No Penalty CD's. If you suggest buying gold, what are the trusted websites to buy gold or precious metals from.

So far I have 2CD's in Ally bank. One with @2.5 and other with @2.4. High yield savings account with Amex @1.9. Amex recently cut the interest rate from 2.1 to 1.9

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TOP 16 Comments
  • Bose
    nooblol

    Bose

    PRE
    Salesforce
    nooblolmore
    Any good cd recommendations?
    Aug 23 2
  • Microsoft Amurica
    Cdz are awesome. I invest a lot in CDs
    Aug 23 4
    • NVIDIA lovelybird
      The fuck 🤱
      Aug 23
    • Microsoft Amurica
      Making 3k cash a month off CDs from 6 years of savings. Permanent pension if you will.
      Aug 23
    • NVIDIA lovelybird
      Golf clubs on eBay would net more than that
      Aug 23
    • Microsoft Amurica
      Lol.
      Aug 23
  • NVIDIA lovelybird
    No grandpa, I don't want your dirty 1800s govt backed certificate of deposit.

    GIVE ME BITCOINS
    Aug 23 0
  • NVIDIA lovelybird
    Also, there is no recession
    Aug 23 0
  • Google SdrPikachu
    For gold just buy IAU or SGOL.
    Aug 23 0
  • Microsoft Dueces
    Gold
    Aug 23 1
  • Microsoft Amurica
    CDz or tax free muni bonds.
    Aug 25 0
  • New / Finance
    bigvalley6

    New Finance

    PRE
    LPL Financial, Edward Jones
    BIO
    Financial advisor since 1994. Independent RIA. CPWA, Advanced Planning, CPA Consulting, Business Advisory
    bigvalley6more
    Try not to time the market with long term money. The odds are against you. It's better to invest based on the probabilities of success over you life expectancy. Study the ranges of returns in various investment categories (stocks, bonds, cash) over various time frames. This will help you allocate your money, based on when you actually need it. It will also help you increase your likelihood of success.
    Aug 25 0
  • Microsoft tfsUEwWt
    a little too late for that
    Aug 23 0

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