Quote:
Originally Posted by Rawn MacDon
@ Aero u can shop around for a cd...diff banks give diff interest %'ages..also time spent vesting plays a part..but if u do the research n can let the money sit, its the safest investment u can make...given the banks floor dont fall out from under them...but still all that shts fica insured, so the gov't (feds) will reimburse...so yeah.
Return is not huge, but safe...low risk. Its really just a matter of not touching the money, or having enough money to not touch the cd...n finding the right bank.
n i dont think gow is loansharking, i could b wrong tho (lol,) but more so like a silent partner, possibly. @ God Of War |
If you put your money in an investment vehicle that is not beating the rate of inflation it's not low risk. You're losing money. CDs are not paying above the rate of inflation as of now they have no reason to bc the Fed has kept it's interest rates as low as 0% to stave off a full blown depression. Only money insured by federal govt is money u put into your bank account and you really don't make money there.
GOW isn't loansharking he's trying to appear as though he invest but I'm the best investor here.