I Have $20,000 in a CD, What Should I Do With It? 

A healthy portfolio needs three essentials: ETFs for diversification, cash-flow assets like dividend stocks, and leading tech stocks such as. While I can't provide personalized advice, consulting a reliable advisor is crucial for proper investment planning.

True. I’ve been investing in the stock market for 11 years now, last 5 years with the help of a financial advisor. Through this period of advisory support alone, I've been fortunate enough to achieve a 10x return compared to my previous efforts as a DIY investor, summing up nearly $1m roi as of today. My best so far.

@@Frankweily Impressive! I admit I'm scared about retirement as I turn 60 on my next birthday. I need to ensure I have enough money to survive on. How can I consult your advisor? My retirement account isn't performing well.

"Melissa Elise Robinson" is the licensed advisor I use. Just research the name. You’d find necessary details to work with to set up an appointment.

Thanks for sharing. I curiously searched for her full name and her website popped up immediately. I looked through her credentials and did my due diligence before contacting her.

Hi. I’ve been forced to find additional sources of income as I got retrenched. I barely have time to continue trading and watch my investments since I had my second child. Do you think I should take a break for a while from the market and focus on other things or return whenever I have free time or is it a continuous process? Thanks

@@Donnafrank-k6e However, if you do not have access to a professional like Clementina Abate Russo, quitting your job to focus on trading may not be the best approach. It is important to consider all options and seek guidance from reliable sources before making any major decisions. Consulting with an AI or using automated trading systems can also be helpful in managing investments while balancing other commitments.

@@caseycantrell-gh6fg Oh please I’d love that. Thanks!.

@@Donnafrank-k6e Clementina Abate Russo is her name.

Lookup with her name on the webpage.

How does that work. The smart vester pro, charges you just to look at everything? I know you pay a monthly fee,but it can come out of your investment

everything is a commercial for his smart vestor pro rap because he gets a kickback.

@@RavnerRavner Yep, that's why he pushes mutual funds rather than ETFs. You can do the same thing with good ETFs but since Dave won't make money on that he won't say anything.

Nursemidratz..I am in CA. I am not surprised

What a scam.

I was thinking the same thing. Why, not just set aside more income into the CD or HYSA until he has an additional 20k saved up. Pay off the truck, then have the same amount of money he started with. lol idk seems more simple than moving it all around.

@@tapangasoul6928 I’m in the same boat I was thinking of doing that

Dave is a moron. Said it would only take the kid 2 months to recover the money bc he doesn’t have a truck payment 😂 what a dipshit…

Exactly, I thought this was pretty dumb advice. Why move it from a CD that is gaining you interest into a depreciating asset.

@@Nrokklldepending on the interest rate and cd returns & taxes but most likely paying the truck off will save you the most money, although draining your savings is risky

Really it’s not - they are selling actively managed mutual funds with high fees

the average person doesn't know how to trade- what's the best option for those who want someone else managing them@@royroyce6620

I'm looking into CDs too. I'm thinking of starting with 5k for 9 months. Do you feel that's a good start?

@@nnvngno

@@ecclesiastes423 All my 3 CDs matured. I reinvested in a 17 month CD at 5%. 😁

@@ecclesiastes423 I have 3 CDs with over 100K, with avg rate of 4.75% : I am not so intelligent about all these bonds, etc. CD is just about the only thing brain understands and whew, I am satisfied when I look at my bank statements. Yet brokers want to sell me ETF, roll-over 7 day paper etc.. hmmmm.

Really? It does not beat the stock market which has returned 10% for the last 5 years

Disc

@@barbieblue3336 ok MR pronounsiation/speilling

Bro 😂😂😂😂

okay so im not the only one!!

I thought too .. but I’ll get one soon I just did

Thanks for the comment +1

How much pay for certified of deposit penalty Please tell me

@@arunmahour8151 from what I see you have pay penalty in interest.

This is exactly why I clicked this video. I was wondering how exactly you have money stashed on a compact disk. 😅😅😅

Do you feel differently now since interest rates have increased? I need help. I inherited 141 acres of land back in 2014, and because of the current timber prices, I’m logging some of it. On Thursday after meeting with lawyers I’m signing the contract with the top bidder for 1.4 million. Capital One is offering 3.5%. I’d imagine more depending on how long term and the amount I deposit. But let’s say I did 500k, 3.5% would be 17.5k every single year. That’s a pretty decent guaranteed chunk

@John Doe Yep. Thank you. I did $250k in treasury bonds so far. Waiting until January to do $250 to $500k in savings CDs.

@John Doe Also, the Capital One CD I was referring to in my initial comment, it’s already up to 4.25% right now. Wouldn’t be surprised if it reached 4.5% or even 4.75% by February.

@@NothingButSilicone so happy for you! Maybe look at doing a CD ladder? You can do it on your own, but fidelity has a really strong one with 1,2,5 year ladders premade. Are you going to roll that money into new CD’s? Or are you using it as income?

Great point.

I saved 2 grand a month and lost 180 ugly pounds when my wife left me. Like Louis said, "Marriage can be fun, but divorce is fantastic!"

Well man she might of stayed if you hadn't got fat 😂

​@@SamLee-ds7fi Bad mindset

@@SamLee-ds7fi the 180 pounds was the shitty nagging wife

I've had VTSAX for over 20 years, it is my main retirement investment.

What’s that?

​@@avenuebaby9703popular mutual fund ppl buy for retirement

What is vtsat

I have alot in it including the ETF version VTI

some people need to move big and heavy shit around

Yeah, You're still driving a 2014 Ford Focus.

@@NOBLEFILMS1987 hey shoulda got a fiesta ST everyone knows it’s the superior car.

@@spankydoodlegaming6971 YEAH! HAHA!

Oh this will not age well

All on DOGE...to the moon! Lol

Ive been shorting doge since 0.34

More simple: Move it into the CD Player of a Dodge, but make sure to never ever put it into the CD Player of a Ford e̶̶s̶̶c̶̶a̶̶l̶̶a̶̶d̶̶e̶ escalate if you want to stay on track financially.

Such WOW

Yeah honestly it’s best to maximize the amount of capital you have on hand as long as the interest you’re gaining on your capital out competes the interest you’d have to pay on your loan for the truck.

Thanks for the review +1

Sell the car

And rice and beans!

Thanks for the review +1

I’ve been laddering CDs in my emergency fund for years. I think I still have some over two percent.

Same!

@@blackworldtraveler3711 Hope your doing better than that today.

not with $20000 it isn't

yeah I was like... who the hell has that much money in ...anything?! good for him!

@clarencewright8123or to do even better, stop hating

Oh dear. I guess you can’t know what you don’t know.

It stands for Certificate of Depreciation, because CDs don't usually pay out enough to keep up with inflation. Hence, your real value depreciates over time.

Thanks for the review +1

Thanks for the review +1

Metallica baby 💕💕

Getting married and having kids is a mistake ? 😂 you are wrong my friend. Why will you want to be rich if you can have happiness.

@@ixcuinaserpentbecause Dave got them brainwashed and they have no life. Just work and invest everything until they die

Go to your local bank and talk with a financial advisor. Basic growth stock mutual funds are all you really need.

The music must be pretty great then.

Because it's from the very popular, yet still kind of underground band named "Rice and Beans".

Thanks for the review +1

Trust, but verify.

Don't mislead people, the CD itself is silent.

You put this "noise" on it

S and p500 or mutual fund if you have paid off your debts

Good question. It's mostly because you can't lose what you own. For a lot of people it's a security for their peace of mind to know no one can come repo their vehicle or take their home or whatever else.

Thanks for the review +1

Because debt is expensive

The fastest way to become financially independent is to pay off debt as fast as possible.

Why? Because the majority of people can't even cover a $400 emergency due to being in debt.

As someone who works in banking (truist). Yes. Money market account are coming around 3. And cd are coming in at 4%+

@@nicolasrosario9467 Which CD is better? Featured, Flexible, or Fixed?

Thanks for the review +1

What 10% return?

@@bsmythe3214 this aged like milk lol

You can make more on a 4.75% CD now.

How do I invest in S&P500 Eric?

10% what book did you read that from ???

Guy makes 84k a year and he has an auto loan. Sad, really.

If the interest rate is low enough it makes sense to get a loan. Years ago I was getting 5 % in a money market account. Got a car loan at 2 % so left the money in the money market and was making 3 on the money that was in the account. Same as 6 years ago bought a new car with 0 % so took out a loan for the maximum amount even though I could have taken some money from a stock sell and paid for the car.@@michaelhunsinger8351

B### please!

@@age_of_reason😂😂

Not

Thanks for the review +1

You’ll loose $15k?

​@@ruralmillennial4354 Lol you don't lose money from having a CD account. Just pull the money from the account when it mature..😅

🤣🤣🤣

80k a year is hella good,

@@MikeyLee559 I know! An $80,000 per year income is incredible! That is what you call, Rich!!

Thanks for the review +1

CDs are generally all the same and don’t change a lot. As of 2024 most CDs will be about 5%. 2023 4%-5%.

@Unduplicatable Cds are not generally all the same. Callable vs non callable makes a pretty big difference on the yield. (Just one example)

@@Unduplicatable Flexible CD, Featured CD, and Fixed CD. Which one is best?

@@plantsonlycindy5809 I should clarify that I'm talking about common CDs from banks. I've never seen a bank offer different options, front facing.

Yea I know right

Hugh? Who would give him $1200 a year for nothing? a CD is great compared to letting the money sit untouched.

Bad idea 😂CD is up between 5.00% to 5.50% interest Rates

Precede

Does anyone have any examples of people disagreeing with Dave? Only one I can think of is when he is with his daughter they sometimes argue.

Well, let's see. Anthony is no longer employed at Ramsey.

Invest it

People like me who don’t know what to do about “investing” are better with a CD than nothing

Smart guy invest now and lose it

Sure, here are some pros and cons of a CD (Certificate of Deposit) account: Pros: 1. Higher interest rates: CDs typically offer higher interest rates compared to regular savings accounts, allowing your money to grow faster. 2. Fixed interest rate: Your interest rate remains constant throughout the CD's term, protecting your savings from fluctuations in the market. 3. Low risk: CDs are considered low-risk investments since they are insured by the FDIC (up to the maximum limit allowed by law) in the United States. 4. Time-specific savings goals: CDs are suitable for short- to medium-term savings goals since they have fixed terms ranging from a few months to several years. Cons: 1. Limited access to funds: Withdrawing money before the CD's maturity date usually results in penalties, which could eat into your earnings. 2. Opportunity cost: While CDs are secure, they may not offer as high returns as riskier investments like stocks or mutual funds over the long term. 3. Inflation risk: If the CD's interest rate does not outpace inflation, your purchasing power may erode over time. 4. Fixed terms: Once you invest in a CD, you cannot easily access the funds or adjust the investment strategy until the term ends. Before opening a CD account, consider your financial goals and timeline to determine if it aligns with your overall financial plan.

Google it

Pros are you can get 4-5% annually Cons you can’t touch that money for 12-24 months

Better to make 5% interest on CD instead of money sitting in a savings account.

@@jamilgotcher365 soem savings accounts yield like PayPal

Certificate of Depreciation.

Ended up coming back to my comment my daughter cd account is a 12 month account at 4% today I learned td bank offers 5% 6 month that’s double the money I’m moving the money to td to double up 🎉

People who want to own a hard item to listen to music, maybe they don't have or want to pay for streaming services Or people who get nostalgic when listening to music, holding a physical cd or cassette could bring happy memories Or people who want to build a huge collection of physical music Anyone can buy cd's, it's just a preference thing

Is this sarcasm?

It does because if your married the lady gets half your money

Cuz the the court systems favor women that why that matters

Compact Disc ;)

@@GT-1902 Certificate of deposit.

401k match if you company has one( i would match up to their match) , max your roth out (around 6k per year max)they are ez to set up dont forget to actually invest it , the key is to put into the roth every year bc their is a limit each year you can put in . you can add to the roth in steps not all at one time if you dont want to. :) here if ya need me

@@Tj11714 thank you I really appreciate it. I Can do 6 year and if they match up to that cool. So Roth IRA or traditional Roth?

I disagree with Dave's investment philosophy, but putting a CD in a Roth IRA is buying prime oceanfront property and putting a scrapyard on it. A CD ladder is fine for emergency savings, but Roth space is way too precious to waste on a CD.

Lmfao

🤣🤣

I think the (almost) equivalent to a CD (certificate of deposit) in Europe is a Fixed Deposit. The Roth is one of the containers for investing for retirement; the other most common container being 401k, which is employer sponsored. You can use these containers to do any type of investing (i.e stocks, bonds, CD, etc), but they discourage you from pulling your money out before retirement.

Thanks, now its clear.

Thanks for the review +1

😅😢😂😂😢😢😅

How about anything not related with Tesla? Don't listen to that donkey.

Thanks for the review +1

I wouldn’t marry anyone if I have debt .

Thanks for the comment +1

@@riverdaletales8457 if I have good debt sure

Maybe they love each other but don’t have the money for a party. People can be committed without needing the paper. Marriage is a contract more than a love confession

@@gladlock nah uh!

Certificate of Deposit.

Old people used to use them to play music, I think. ;-)

@@robedmund9948 hahaha!!

Dave dubs them Certificates of Depreciation

It's a shiny object that's able to make noise.

Yeah

Thanks for the review +1

Cd today March 2023. Paying 5.4 %

@@ceasergert2780right