Lori Ioannou
speaker
179 appearances
3 recordings
1 series
first heard Mar 2022
last heard Feb 2025
Lori Ioannou’s voice in public audio — every appearance, attributed to the second.
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Appearances
They offer different terms.
You can get three months, six months, one year, five year, three year.
And many financial advisors suggest using a latter approach when you invest in CDs.
This strategy involves buying CDs with staggered maturities while keeping some funds accessible in the short term.
So you can set one up very easily.
For example, if you had $40,000 to invest, you could divide the funds equally into four CDs with different maturity dates, say 3, 6, 9, and 12 months.
Who's best suited to go the route of certificates of deposit?
This is really for someone who is looking for a yield and is able to lock up a lot of money for a period of time.
If you need your cash accessible always at your fingertips, this might not be an option for you.
OK, so these funds are different from money market savings accounts offered by banks.
They invest in short term debt instruments issued by government and corporations such as U.S.
Treasury bills or commercial paper.
They work like a mutual fund and they issue redeemable units or shares to investors.
But a key difference is that these funds aim to maintain a net asset value of a dollar a share and earnings generated through interest on portfolio holdings are distributed to investors in the form of dividends.
A lot of people like to invest in a money market fund just like they would a mutual fund because they have a guaranteed rate and kind of a dividend check as well.
And most people invest in it typically not for a long term investment strategy, but for a short term strategy.
It's really for the cautious conservative investor.
Everybody's individual circumstance is so unique to their own needs and their own cash needs and portfolio needs.
Many people like to
Park their money in a high-yield savings account because you get so much more for your money than just putting in a traditional savings account.
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