Owen Murray Contributes to an Article on the Safety of Certificates of Deposit



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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.

Horizon Wealth Advisors is a Houston based fee-only wealth management firm. Horizon is a fiduciary advisor. We specialize in helping successful individuals and families understand, organize, and manage their often complex financial situations. Horizon offers integrated financial planning and investment management services.

Larry Maddox, CFP®, CPA
Larry founded Horizon Advisors, LLC in Houston, Texas in 1999 with fellow business partner Joe Thomson. He collaborates with our wealth management team and other external advisors to provide comprehensive wealth management services.

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