Are CDs a Good Investment in This Market?

Ramsey Everyday Millionaires

Ramsey Network

Investing, Careers, Business

4.6 • 3.6K Ratings

🗓️ 21 June 2023

⏱️ 3 minutes

🔗️ Recording | iTunes | RSS

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Summary

Listen to how ordinary people built extraordinary wealth - and how you can too. You’ll learn how millionaires live on less than they make, avoid debt, invest, are disciplined and responsible! Featuring hosts from the Ramsey Network: Dave Ramsey, Ken Coleman, Rachel Cruze, John Delony, George Kamel & Jade Warshaw. Helpful Resources: Need Help with your investments? Click here to connect with a SmartVestor Pro. To learn more about how to plan for Retirement click here To learn more about Investing click here Create a college savings plan for your child’s future. Click here to connect with a SmartVestor Pro. Learn more about your ad choices. https://www.megaphone.fm/adchoices Ramsey Solutions Privacy Policy

Transcript

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0:00.0	This episode is sponsored by Smart Vester.
0:07.2	Connect with an investing pro for free at Ramsey Solutions dot com slash invest.
0:15.2	You're listening to Ramsey everyday millionaires where we talk investing, retirement, building
0:19.7	wealth and outrageous generosity.
0:22.9	Zach's in Houston.
0:23.9	Hey Zach, welcome to the Ramsey shop.
0:25.7	Hey Dave, thanks for taking my call.
0:27.5	Quick question about investing.
0:30.9	With interest rates being when they are are CDs, a wise investment option for right now
0:37.4	for short term.
0:38.4	Well, for short term, but the short term is not an investment short term savings.
0:43.4	Okay.
0:44.4	Investing is long term and you've got to outpace inflation and taxes long term.
0:49.7	You got to be north of 10 most of your life investing and CDs aren't north of 10.
0:56.6	Right, even with a like a nine month CD.
1:00.2	Why do you mean what is this money for?
1:03.7	Just general money that's set aside.
1:08.0	My brother's been whispered in my ear man CDs man they're going up there the way to go
1:12.7	and way to go for one.
1:15.2	For get rich investing to get rich.
1:20.5	I think just for short term is what he's looking at not long term.
1:23.4	Well, yeah, I mean the interest rates on CDT.
	...

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