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Saturday, March 16, 2013 - 2:02 PM

Market Linked Cds // Webinar // Patelco

Dear Readers,

There is a free Webinar by Patelco about the "Market Linked CDs". 

Surf to URL below and seaarch for "Market Linked CDs". 

  https://www.patelco.org/Tools/Education/#Webinars

It is on 3/20/2013. It's free, and to the best I know even non-members of Patelco are allowed.

Yours Truly,
- Anonymous
6
ytytytytytytytyt136 posts since
Jan 28, 2013
Rep Points: 561
1. Saturday, March 16, 2013 - 2:07 PM
Dear Readers,

BTW "Market Linked CDs" are also called the "Structured CDs".

As I've poined out before, the principal is FDIC insured, but the interest / contingent-interest is not.

Yours Truly,
- Anonymous
4
ytytytytytytytyt136 posts since
Jan 28, 2013
Rep Points: 561
2. Saturday, March 16, 2013 - 8:32 PM
We have gone over and over these products. They have so many negatives that they are not worth it.
4
ShorebreakShorebreak1,279 posts since
Apr 6, 2010
Rep Points: 4,761
3. Saturday, March 16, 2013 - 9:17 PM
Dear Readers,

Aha ... and those who have gone over (and over) these products are convinced (rightly or wrongly) that these products are not worth it, are .. oh so totally "allowed" not to join the webinar !! 

;-)

Yours Truly,
- Anonymous
2
ytytytytytytytyt136 posts since
Jan 28, 2013
Rep Points: 561
4. Sunday, March 17, 2013 - 6:49 AM
"Using complex products designed to cater to your sense of fear is rarely a smart move. Sometimes you'll get lucky, but more often, you'll end up paying more than you should for protection you don't need and can build more cheaply and simply on your own."

http://www.fool.com/retirement/general/2010/06/23/the-wrong-way-to-protect-your-portfolio.aspx
2
ShorebreakShorebreak1,279 posts since
Apr 6, 2010
Rep Points: 4,761
5. Sunday, March 17, 2013 - 10:54 AM
Dear Reders,

The risks associated with the Market Linked CDs are well documented.  URL below has description of many such risks:

http://www.sec.gov/answers/equitylinkedcds.htm

Before putting in any money into any product is it quite essential for one to understand the risks. 

Nobody  has ever claimed that the risks associated with Market Linked CDs are on par with those associated with Traditional CDs.

Yours Truly,
- Anonymous
1
ytytytytytytytyt136 posts since
Jan 28, 2013
Rep Points: 561
6. Sunday, March 17, 2013 - 8:29 PM
"Nobody has ever claimed that the risks associated with Market Linked CDs are on par with those associated with Traditional CDs."

"As I've pointed out before, the principal is FDIC insured, but the interest / contingent-interest is not."

Thank you, my point exactly.
1
ShorebreakShorebreak1,279 posts since
Apr 6, 2010
Rep Points: 4,761
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