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For just 2 years, I'd do a 2-year CD. Stock market could be down in 2 years, who knows. Crypto could be...well just forget that. You could maybe invest in some
by auslegung 9y ago
For just 2 years, I'd do a 2-year CD. Stock market could be down in 2 years, who knows. Crypto could be...well just forget that. You could maybe invest in some turnkey coin car wash or laundry mat, I've heard they make money.
- paulcole 9y agoCan you get a better overall rate by doing shorter term CDs and reinvesting at the end, hoping the rates have gone up a bit? Or is 2 years not enough time for that to have any real effect?
- auslegung 9y agoThat might not be a bad idea right now. CD interest rates go up as the Federal Reserve interest rate goes up, and it's likely that the Fed Reserver rate will be going up soon. However, I'd do some historical research to see if that could actually turn out to be helpful, or if the difference between 6-mo, 1-yr, and 2-yr CDs is too large.