Al18
Thinks s/he gets paid by the post
You can choose to have dividends reinvested or paid in cash
Things change fast in the world today, so I would not want to bet on whether interest rates will be higher or lower in 2 or 3 years than they are now.
My goal is to not lose money when investing, even if that means sacrificing purchasing power. Though as I stated being outside the US mostly mitigates that.
Today I'm happy because I'm getting between 3.5% to 4% in various savings accounts, 1m cash.
I'm concerned about tomorrow, if rates get cut.
Are the only safe options long-term CDs?
I would like to purchase two $100,000 CD's, but should I wait for the Fed to announce interest rate decision, or do these look like a good buy now?
I see on Merrill Edge the following:
Wells Fargo CD,s paying: 5.1%, 1 year to maturity
Wells Fargo CD,s paying: 5.0% 1.5 years to Maturity
Thanks gang for input!
If you buy brokered CDs you can flip out of them. No penalty, but you get the market price, which can actually be higher than you paid depending on the interest rate at which you purchased.
If I buy a brokered CD, who gets the FDIC coverage, me or the broker?
Also how does "Coupon frequency: At maturity" differ from lump sum at maturity (zero-coupon) ?