Another Good Day For CDs

Bozo | Feb 5, 2016 | 762 posts since 2011

Whenever my wife asks about "Mr. Market", I merely point out (a) it's not under my control, and (b) my serious money is in CDs.

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Bozo | Feb 6, 2016 | 762 posts since 2011

I do understand the concept that, over the long-term, equities "should" perform better than bond funds or CD ladders. I also understand the concept that, in the long-term, we are all dead. I try to hedge my bets. Equities for our heirs, CDs and bond funds for us.

Fixed-income is dull-and-boring. Yup, by definition. When one is retired, dull-and-boring is about as good as it gets.

lou | Feb 6, 2016 | 715 posts since 2010

Couldn't agree more. At my age, I don't need any more volatility in my life than what I'm already dealing with. I long ago stopped riding roller coasters, not the type of thrills I'm looking for in life.

Bozo | Feb 6, 2016 | 762 posts since 2011

Wm. Bernstein described it quite succinctly as "when you've won the game." The notion is, quite candidly, to cash out (to a degree), disregard yields or profits potentially going forward ,and just book green.