A Safe Investment for Volatile Times

Money Rehab with Nicole Lapin

Money News Network

Education, Self-improvement, Business

4.4 • 1.4K Ratings

🗓️ 21 March 2023

⏱️ 7 minutes

🔗️ Recording | iTunes | RSS

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Summary

We know a safe investment isn't as sexy as a startup with the potential to go to the moon. But say that startup ends up being a... Silicon Valley Bank. Slow and steady doesn't sound so bad now, does it? Listen in for Nicole's picks for a safe investment that won't have your stomach in knots. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	I'm Nicole Lapin, the only financial expert you don't need a dictionary to understand.
0:07.0	It's time for some money rehab.
0:15.6	Lately it seems like ads for CDs are everywhere, and I mean certificates of deposit here not
0:20.9	compact discs for you 80s babies out there.
0:24.8	If you're wondering what the heck CDs are and if they're worth investing in, you are
0:29.0	not alone.
0:30.6	CDs, honestly both the investing kind and the music kind, have been out of favor for
0:35.6	a while now.
0:37.0	The financial CDs haven't had any real begging return rate since before many of us were
0:42.8	born.
0:43.8	They were earning over 10% in 1984 for instance, and since the music CD got ditched for streaming,
0:51.1	the return rate on certificates of deposit have been less than 1%.
0:56.2	Making them about as useless as a physical CD in a Tesla.
1:01.4	Just as vinyl records have made a comeback though, CDs, the investment vehicles, are coming
1:06.2	back along with higher interest rates.
1:08.8	And just to be clear, financial CDs and music CDs are unrelated, and one's popularity
1:14.1	has nothing to do with the other.
1:16.0	But it is an interesting coincidence right?
1:18.2	Anyway, because this is money rehab all of course we focusing on the financial CDs,
1:23.4	they come in two forms, bank CDs and broker CDs.
1:28.0	Let's talk about bank CDs first.
1:30.2	Much like a treasury bond, a CD is a way you lend an institution money.
	...

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