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Do any of you use certificates of deposits?
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02-28-2024, 11:25 AM
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#1
- TheScapeGOAT
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- TheScapeGOAT
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Do any of you use certificates of deposits?
Seems like a poverty way to make a little interest. I have a risk tolerance and it just doesn’t seem aggressive to tickle me.
However, if you have a reason to get one, please share.
However, if you have a reason to get one, please share.
02-28-2024, 11:35 AM
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#2
02-28-2024, 11:35 AM
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#3
02-28-2024, 11:36 AM
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#4
02-28-2024, 11:40 AM
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#5
- DolphinPilot
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Id go for them but T-bills are slightly better yield than the CDs I'm seeing. To be honest I'm not sure what the differences are between the two as far as taxes go. You may have to pay federal income tax on CDs. Someone will correct me if I'm wrong
02-28-2024, 11:41 AM
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#6
- TheScapeGOAT
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- TheScapeGOAT
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Originally Posted By JIGSAW⏩
All your buddies that aren’t complete chit heads like you.what semen guzzlers actually rep you?
02-28-2024, 12:20 PM
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#7
- stevebec
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- stevebec
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Originally Posted By DolphinPilot⏩
You pay federal income tax on both. No state or local (LOL) income tax on T-bills.Id go for them but T-bills are slightly better yield than the CDs I'm seeing. To be honest I'm not sure what the differences are between the two as far as taxes go. You may have to pay federal income tax on CDs. Someone will correct me if I'm wrong
"Bones heal, pain is temporary, and chicks dig scars" - Evel Knievel
02-28-2024, 12:43 PM
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#8
- TheScapeGOAT
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- TheScapeGOAT
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Originally Posted By akferd⏩
Why not 50K into the FXAIX?I do. 50k in a 5% 6-month. About to add another 50k in a month. Wish i thought of it alot sooner.
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