I have taken money out of some investments and am doing research?
mary ann s asked:
I have taken money out of some investments because I was losing money.I want to put it somewhere else.Maybe certificates of deposits.I am of retirement age right now.Are certificates of depoit pretty safe? The economy being the sad shape it is in right now I am not wanting to lose anymore. I have thyought of burying it.No interest there but at least it would not go with wind.
I have taken money out of some investments because I was losing money.I want to put it somewhere else.Maybe certificates of deposits.I am of retirement age right now.Are certificates of depoit pretty safe? The economy being the sad shape it is in right now I am not wanting to lose anymore. I have thyought of burying it.No interest there but at least it would not go with wind.
JohnGalt:
CDs are pretty safe, as safe as the US dollar. Just keep below $100,000 in each bank for FDIC insurance. You could consider putting some of it in a CD of another currency too, thru Everbank. You may get a different interest rate, as well as some protection if/when the Democrats bankrupt the country.
May 3, 2009, 11:19 am