Archived Is there a subverse to learn about how stocks work and how to start using them? (whatever)
submitted ago by Peynus
Posted by: Peynus
Posting time: 4.9 years ago on
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Archived on: 2/12/2017 1:51:00 AM
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30 upvotes, 0 downvotes (100% upvoted it)
Archived Is there a subverse to learn about how stocks work and how to start using them? (whatever)
submitted ago by Peynus
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[–] Peynus [S] 0 points 1 point 1 point (+1|-0) ago
You're gonna hate me now. What's a CD?
[–] billdred ago
Certificate of Deposit. It's like a savings account, with a slightly higher interest rate, but you can't touch your money until the period of time you buy for is up. Anywhere from 1 to 5 years, sometimes as much as 10.
[–] barset ago
I'm hazy on it because they aren't as widely used as they once were, but if memory serves correctly it's a Certificate of Deposit and had a modest but secured rate of return if left alone sort of like buying a bond back in the day.
[–] Peynus [S] ago
right, makes sense. Thanks :)