Horizon’s director of investments, Owen Murray, contributed to a recent article for U.S. News & World Report titled “Why a Certificate of Deposit Is a Safe Investment”. Author Wayne Duggan suggests that, with rising interest rates, Certificates of Deposit (“CDs”) should become a more popular investment. Duggan does a good job of explaining how CDs work and their relative safety. Owen agrees with Duggan’s longer term premise, but says, “Although CD yields have improved, they remain well below historic norms. After adjusting for inflation, there still isn’t any real value created by owning CDs at today’s low yields.” Time will make them more appealing.
To read the article, click here.
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