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Old 09-26-2015, 06:36 AM   #21
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You ever had stuff pile up in the corner of your garage or a shed while you kept telling yourself you were going build or buy an organizer to house the stuff? So you let it sit until you find that perfect shelving unit or cabinet. That is currently the way my cash is beginning to look. Like a ever growing unproductive pile in the corner just waiting for something to come along with worthwhile bins for long term storage.
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Old 09-26-2015, 07:15 AM   #22
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+1 on that.
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Old 09-26-2015, 07:29 AM   #23
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This is very timely. I took a look at the CBS link posted by Veremchuka. It seems like the 5 year CD (only checked Synchrony) and cancellation after 2 years (1.72%) delivers a better return than the 2 year CD (1.45% at Synchrony).
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Old 09-26-2015, 07:37 AM   #24
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Originally Posted by ziggy29 View Post
so you never know. In hindsight a 5-year CD would have been fine in 2010.
And the 10 yr has been a good bet since 1984. I have a ten year CD ladder and sleep well at night.
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Old 09-26-2015, 10:44 AM   #25
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If you started building your yearly CD ladder as I mentioned in August, 2014 - you shouldn't be concerned with early withdrawal penalties as a portion of your money would have been available in August, 2015.
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Old 09-26-2015, 11:07 AM   #26
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I wouldn't tie up my money that long for a low rate, but that said, five years ago many of us probably wouldn't have thought "QEx" (aka the War on Savers) would still be going on heading into 2016... so you never know. In hindsight a 5-year CD would have been fine in 2010.
Yes. I swallowed hard and bought some 5 year 2 1/4 % CD's over three years ago. I also bought some 3% PenFed CD's a few years ago. Today, that decision makes me look pretty good. In reality, I was just the lucky guy who managed to flip head 10x in a row.
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