Is a CD the Safest Place for Investments?

The Ramsey Show Highlights

Ramsey Network

Self-improvement, Education, Investing, Business

4.6 • 682 Ratings

🗓️ 9 February 2024

⏱️ 7 minutes

🔗️ Recording | iTunes | RSS

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Summary

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Transcript

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0:00.0	brought to you by the every dollar app start budgeting for free today
0:06.0	juliet is with us in greenville south carolina as promised hi juliet how can we help
0:12.2	well i wanted to ask your opinion me and my husband last year had about two hundred and
0:20.0	fifty thousand dollars and we invested in a CD at a credit union and it has matured. And we're wondering
0:30.2	if we should go back to the same thing invested in the CD and are to look elsewhere.
0:40.6	And we really don't want to take a risk with the money.
0:46.6	So we're both 80 years old and we didn't feel like we wanted to take a risk in the stock market.
0:53.4	But we wanted your opinion of what
0:56.6	you thought we should do.
0:58.5	I would go right back and renew that CD.
1:01.8	You would?
1:02.5	Yeah.
1:02.8	Okay.
1:03.5	It doesn't pay very much.
1:05.0	It's not a very good long-term investment, but it gives you a lot of peace, and you told me three times you didn't
1:12.4	want risk, and I heard you, and I heard you.
1:15.5	Okay.
1:16.7	Okay.
1:17.1	So I'm 63, and I don't have any CDs.
1:21.9	All of mine is invested in mutual funds in the stock market, But I'm comfortable with that risk.
1:28.9	And I can tell by talking to you that if you did that with your $250,000,
1:34.1	you would be awake at night scared.
	...

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