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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Probably depends on what your goals are. If you want to protect that $750k because you need it in the not-too-distant future, a CD is a good option.
If you aren't retiring for 30+ years, you'd probably be better putting it into investments. But, of course, that comes with risk, and there's a good chance it could be ulcer-inducing for a while as the market continues to have a lot of volatility.
But FWIW, you don't need a financial advisor to invest. Just open up a Vanguard or Schwab account and throw it into some index funds.