Is It Bad That I’m Only Invested in CDs?

Ramsey Everyday Millionaires

Ramsey Network

Careers, Business, Investing

4.6 • 3.6K Ratings

🗓️ 25 March 2026

⏱️ 5 minutes

🔗️ Recording | iTunes | RSS

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Transcript

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0:00.0	This episode is brought to you by SmartVestor.
0:07.8	Connect with an investing pro near you at ramsysolutions.com slash smartvester.
0:13.6	All right, we've got Katie who's in Billings, Montana.
0:17.2	Hey, Katie.
0:17.8	How are you?
0:18.8	Hi, I'm good.
0:19.6	How are you?
0:20.8	Excellent. How can we help today?
0:23.2	Great. So I am so confused when it comes to the world of investing.
0:31.9	My husband and I were not in debt, thankfully, and we have been able to save up about $500,000 in the bank.
0:41.5	Wow.
0:42.2	Well done.
0:42.5	I contribute $500 monthly into a Roth.
0:47.9	My husband does not have one.
0:51.0	And the investing, I guess, you could say that we do is just in CDs in the bank at 3.75%.
0:58.8	And we have about 200,000 in that.
1:01.6	But other than that, that's it because it feels safer to me.
1:06.0	And is that foolish?
1:07.6	Well, let me make sure I understood this right.
1:10.0	I thought you said you had 500,000 in the bank, but then you said 200,000 in CDs. So some of it's just sitting freely and some of it's in the CDs, or is that in addition to? Some of it's just in savings accounts. Yeah. Okay. Wow. Why are you guys averse to investing? What happened that made you feel squeamish? I guess nothing happened. It just
1:30.7	it's foreign to us. Yeah. And what you don't know can be scary. And when it, exactly. And when it
1:37.3	comes to retirement, like I said, I do put $500, $500 a month from my paycheck into a Roth account for myself. But you don't see that money until I'm
	...

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