Quote:
Originally Posted by Rain Man
Today I just put a bit of money into a 1-year CD for 5.0 percent and also a 5-year CD for 5.0 percent.
Did I do good or did I do bad?
My goal these days is to just match or beat inflation overall. So I don't need to get rich. I just need to avoid getting wiped out. It seems to me that inflation over the next five years will be less than 5 percent, so I'm liking the long-term CD.
This is all money that's just sitting in cash right now.
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I did something similar a couple of weeks ago. I bank through Capital One and they offer an 11 month 5% CD.