Quote:
Originally Posted by Shag
I'm sitting on a good chunk of cash currently, as a result of the VMW to AVGO acquisition. Looking to get that money back in the market, into a relatively safe investment available at Etrade. Suggestions?
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How old are you? Are you playing defense or offense?
I've been banging the drum for CDs for a while now. Etrade has a 10-year CD at 5.0 percent and a 5-year CD at 5.3 percent, both with small banks. I've been spreading my money around at a bunch of different banks through the CD tools at the brokerages, so I don't know that I'd put a large amount of money in any of these tiny banks, but I don't think we'll see a 5.3 CD rate again for many years, and it's almost guaranteed to beat inflation.
If you're younger and still accumulating, that might be too conservative, but if you're courting retirement, it's a good safe way to beat inflation.
As far as stocks, I always struggle to recommend stocks, because I worry that I'll recommend a stock that's up when it's too late for other people, or that I'll recommend a stock that's down and it's down for a good reason. I'll look to see what I'm more bullish on, but I really have no expertise at all other than trying to link stocks to trends in society. I really don't do in-depth analysis of stocks other than looking at growth trends.