Quote:
Originally Posted by BWillie
I'm putting 750k into a 4.35% Ally CD.
This is the part you guys tell me how stupid I am.
Seems like a good deal to me. No risk. I dont have to pay a financial advisor to potentially lose money for me and I dont have to do.....anything. Thats the best part. 33k to sit on my ass. Sold.
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My in-laws did something back in the 1980s that I thought was pretty smart. When inflation spiked in early 1980s they put a bunch of money into long-term CD ladders. Then inflation went down and for 10+ years they were getting something like 8 percent risk-free on their investment returns in 3 percent inflation. I'm trying to figure out when they peak so I can do the same now. That's the key to success.