MANAGING YOUR CASH – DO’S AND DON’TS
Is a CD the best investment vehicle for long-term growth?
Article published: September 05, 2024
When it comes to CDs and cash accounts, high interest rates can be a great source of comfort. However, they can come with caveats, including potential tax implications and the possibility of inflation eroding the benefits of gained interest. Instead of putting your assets into a CD, having 12 to 24 months of cash reserves may be the better choice. And regardless of market conditions, maintaining a diversified, 60/40 portfolio can help position you for long-term success. Take a listen as Edelman Financial Engines planners discuss why it’s best to control the things you can control and how working with a financial planner can help you address your individual cash management needs.
Investing strategies, such as asset allocation, diversification or rebalancing, do not ensure or guarantee better performance and cannot eliminate the risk of investment losses. All investments have inherent risks, including loss of principal. There are no guarantees that a portfolio employing these or any other strategy will outperform a portfolio that does not engage in such strategies.
Past performance does not guarantee future results.
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