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CDs ARE A THING OF THE PAST: An Old School Investment With Little Benefit - MNO EPISODE 173
I have nothing against investment strategies that worked in the past. In fact, much of what we do when it comes to investing is based on what has worked in the long-term past. This said, there are some investment vehicles that used to have far more legitimate utility than they do today. One of these investments is the Certificate of Deposit (CD). CDs, in their current form, have little application to investors looking for adequate growth or income on their investments. CDs can benefit a small number of individuals in specific situations, but that does not make them an investment vehicle that the vast majority of retail investors should consider. Today, we will discuss:
1. What CDs are
2. Who can benefit from owning a CD
3. Who should not be owning a CD
4. How CD characteristics stack up with other investment choices
Begin your path to financial freedom today: https://www.youtube.com/channel/UCjyCApAbHBN0Jtw5bAehbRg?sub_confirmation=1
Don’t forget to like, subscribe, and leave comments below as I would love your feedback. Be sure to check out my website (www.mnowithdylan.com) where you can get more information on my financial coaching services and more, the podcast of these shows if you are more of a listener than a watcher, and follow the show on any social media outlet (FB, Twitter, & Instagram) @mnowithdylan (Money’s No Object with Dylan Howell) [All links in description]. Tune in tomorrow to learn what type of investment a preferred stock is. Don’t forget to check-in every weekday (Monday-Friday) for new videos which will be uploaded each day at 6 a.m. CDT. Thank you, guys, for tuning into this episode of Money’s No Object. I’m Dylan Howell. God Bless!
Website: https://www.mnowithdylan.com/
Financial Coaching Information: https://www.mnowithdylan.com/workwithdylan/
Facebook: https://www.facebook.com/mnowithdylan/
Instagram Page: https://www.instagram.com/mnowithdylan/
Twitter: https://twitter.com/mnowithdylan
(Please keep in mind that I am not a financial advisor. I create these videos for educational purposes only. You and only you are responsible for the investment decisions that you make.)
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By mnowithdylanI have nothing against investment strategies that worked in the past. In fact, much of what we do when it comes to investing is based on what has worked in the long-term past. This said, there are some investment vehicles that used to have far more legitimate utility than they do today. One of these investments is the Certificate of Deposit (CD). CDs, in their current form, have little application to investors looking for adequate growth or income on their investments. CDs can benefit a small number of individuals in specific situations, but that does not make them an investment vehicle that the vast majority of retail investors should consider. Today, we will discuss:
1. What CDs are
2. Who can benefit from owning a CD
3. Who should not be owning a CD
4. How CD characteristics stack up with other investment choices
Begin your path to financial freedom today: https://www.youtube.com/channel/UCjyCApAbHBN0Jtw5bAehbRg?sub_confirmation=1
Don’t forget to like, subscribe, and leave comments below as I would love your feedback. Be sure to check out my website (www.mnowithdylan.com) where you can get more information on my financial coaching services and more, the podcast of these shows if you are more of a listener than a watcher, and follow the show on any social media outlet (FB, Twitter, & Instagram) @mnowithdylan (Money’s No Object with Dylan Howell) [All links in description]. Tune in tomorrow to learn what type of investment a preferred stock is. Don’t forget to check-in every weekday (Monday-Friday) for new videos which will be uploaded each day at 6 a.m. CDT. Thank you, guys, for tuning into this episode of Money’s No Object. I’m Dylan Howell. God Bless!
Website: https://www.mnowithdylan.com/
Financial Coaching Information: https://www.mnowithdylan.com/workwithdylan/
Facebook: https://www.facebook.com/mnowithdylan/
Instagram Page: https://www.instagram.com/mnowithdylan/
Twitter: https://twitter.com/mnowithdylan
(Please keep in mind that I am not a financial advisor. I create these videos for educational purposes only. You and only you are responsible for the investment decisions that you make.)