Think Before Reinvesting CD Proceeds
Certificates of deposit (CDs) can be a valuable part of an investment strategy. But just because you have money in CDs doesn’t mean it should always stay there. A successful investing strategy requires balancing your short-term needs with your long-term goals. As time passes, your goals change and interest rates fluctuate, and how your portfolio is allocated among short- and long-term investments may need to change, too.
If you have CDs maturing, before you automatically reinvest the money in similar CDs again, be sure to review your financial situation, goals and current market conditions. Our strategy report, The Role of Cash and Short-term, can help you better understand the role CDs can play in your overall portfolio.
For a personal review of your situation, call or visit your financial advisor today.
