Do you think I should get a 5 year CD at 3%?

Do you think I should get a 5 year CD at 3%?
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1 Answer

Answer :

Fact from fiction, truth fro diction. I would dump the CD route. If you were looking to tie up cash for the next 5 years I would go with real estate, in the form of lien sales. Depending on where you got it you would only have wait as little as 6 months to see a return on investment. Even states with crappy interest it is better than 3% somewhere near 8% and some of the better states you can get as high as 26% interest. The worse that can happen if you chose the market well is you will end up with a piece of property you can fire sale even in this slow market and still make a profit because you would have paid around 6 to 12 cents on the dollar to get it.
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