Quote:
Originally Posted by petegz28
With rates going up and it looks like wage inflation with it, I think the "free ride" is over. Things are going back to normal. Meaning this is going to be a stock pickers' market again. The index fund craze will probably taper off. Savers who are in the market by force and not choice will start to sell out as rates go up on bonds and CD's.
And I said immediate term, not intermediate. I'm talking about over the next year or two.
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I have money for CDs too when the rates go up. I've actually been looking at online banks for a money market accts that pay a little more interest. if I could get 1.75 in a money market I might put some money there. I also read about buying CDs in foreign currency where you get a better rate. Not sure I'd be comfortable with that but it's a possibility.
I guess there's no "stock pickers" on CP. Oh well.