How many people under stand that when they buy a cd that they are agreeing to lose money and or purchasing?

Question

power? Earning 4 percent is a losers game.

Answer 1

The question asker is trying to say that if you commit your money to sit in a CD for three years earning only 4%, the real value of that money is actually decreasing due to inflation (3-4%) and the decreasing purchasing power of the dollar.

I agree that CDs are a bad choice, since you can put your money in a money market fund or online savings account, earn 5% or more, AND have access to the money anytime you want.

Answer 2

You're right, some people are overly risk averse. They actually lose money by being conservative. Only old people should do this--and not with the money they plan to leave as an inheritance.

(This is the Personal Finance section---he's talking about Certificates of Deposit.)

Answer 3

well, 4% is kind of low but there are times when I needed to be in cash for various reasons as I do now, awaiting my tax bill - and so I have a large amt of $$ in a mm fund that yields 4.5 % - which is better than a 2% checking account and not as good as my investment account that yielded 22% - so, there are circumstances, you know?

Answer 4

No one understands that, because we are talking about people who buy them:))

Answer 5

Listen you idiot. Your little comment about blacks not being smarter shows your own stupidity. It's a little thing called LOGIC and there's this little thing called FALLACY OF HASTY GENERALIZATION. Please school yourself because you sound really stupid.

Answer 6

What are you talking about?

Answer 7

I don't get this question AT ALL.

Answer 8

What?!