What is a CD Ladder? | Capital One
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- Опубліковано 31 тра 2019
- A CD ladder is a plan for savings that may give you guaranteed returns and regular access to your money. Learn about CD laddering strategies and examples.
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I wasnt financial free until my 40’s and I’m still in my 40’s, bought my second house already, earn on a monthly through passive income and got 4 out of 5 goals, just hope it encourages someone that it doesn’t matter if you don’t have any of them right now, you can start TODAY regardless your age INVEST and change your future! Investing is a grand choice I made. Great video! Thanks for sharing!
Very inspiring! I love this
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@@eadad4371 look her up on the internet and leave her a message she's quite popular for her services as she was recently featured on cnn. She can work with anyone irrespective of where their located
Thank you for explaining a CD ladder!
OK... I have done some investigating on the subject and have a couple of recommendations.. First of all do your homework and comparison shop based upon both benefits and restrictions..Not ALL CDs are alike.. and surprisingly the minimums can vary greatly..I have two institutions in my community that allow for $100.00 CDs.. so I could feasibly open 50 CDs with the same $5000.. as shown in this video.. which gives greater access with less risk to EWP (early withdrawal penalty) because I could access smaller amounts of monies for an as needed application
Second.... have your interest payments going directly to your savings account..Yes... you lose the compounding benefits... but you have that greater interest of the long term CDs dribbling into your savings sooner.. If the CDs pay on a quarterly basis and you have the money spread out evenly in this possible scenario of $5000/50units.. You would have 16-17 CDs dribbling change into your savings account monthly.
Third.. know your EWP risks and hold the CDs for longer than the penalty if possible.. We all have those times when an "emergency" could arise and some institutions are more lenient than others.. In my community we have a Credit Union that only penalized 90 days of interest EWP but they have larger minimums ($500 vs. $100) so although the deposit is larger the EWP is comparatively small to the other institutions that charge 180-365 days EWP
Its a matter of growth and how you accomplish it
Hey i like your strategy i was going to invest in a cd i have 250k to invest i was thinking of opening a 3 month 6 month and 9 month cd 75k each do you have any advice for me i would greatly appreciate it
@@yungog2o3 It depends on your needs...... Emergency Fund...passive interest income to supplement your living expenses.... Right now the interest rates are in the toilet.. so CDs are under producing compared to stocks.. but my advice is to take 30K of the investment and build a 60 month Ladder as your Emergency Fund....$500 for each month in the first year, 6K in a one and two year, 6K in a three year, and so on..As the earliest CDs mature convert them to 5 year, and as each year matures continue with making the CD Ladder a monthly safety fund
But the homework is important too..Get to know your communities financial institutions..I recommend the website www.depositaccounts.com..They have mapping with rates of most institutions.. not all..some do get lost & its your responsibility to find the best deals As you grow accustom to the tool you will be able to explore other options..Like knowing which CDs are really the best to have....Some have highly restrictive EWP..Some may not allow add-ons (which would be a good thing today's situation)some may let you become a member even though you live out of state
@@kevinrehberg8758 i have extra money to spend my job makes plenty but since 250k is insured i would like to invest it
@@yungog2o3 If you already have an Emergency Fund then it would possibly be better to invest in the stock market..Get a financial advisor in line with your needs.. not all of them are.... But a little education with respect to finances wouldn't hurt either..My advice is structured towards those building a constructive CD Ladder Good Luck
awesome
like how it sounds
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