Wellington as an alternative to CDs?With CDs so low, what other options exist for low risk investors ?I put my low risk money in Wellington Fund, a balanced mutual fund with the goal of income & preservation of principal. That doesn't mean it won't go down in value but it seemed to me to be the best low risk option. Available through Vanguard, or Fidelity for $75 fee.
May have meant Wellesley (VWINX).Wellington as an alternative to CDs?
Is this some kind of trick question?With CDs so low, what other options exist for low risk investors ?
I wouldn't consider Wellesley an alternative to CD's in general either, but that's just me...May have meant Wellesley (VWINX).
Yep, they sneaked that one-year early-redemption penalty in 6-12 months ago. But I think the three-year CDs are still 180 days.Pen fed 5yr CDs are now 2% with a 365 withdrawal penalty
Pen fed 5yr CDs are now 2% with a 365 withdrawal penalty
With CDs so low, what other options exist for low risk investors ?
We should be turning cartwheels & backflips that CD rates are so low, because it implies that inflation is also low. I'd much rather have 2.5% CDs in an era of 3% inflation than to have 5% CDs in an era of 6% inflation.
Is this some kind of trick question?
"Low risk" means you aren't willing to take risks of losing principal.....
Asking for some other option for "low risk" investing is like asking for some other vowel to use for spelling "aardvark". You can have any vowel you want, but you won't get the intended result.
Pen fed 5yr CDs are now 2% with a 365 withdrawal penalty