As all readers of my blog know, I am an advocate of keeping cash around to sleep well at night. It also allows me to buy into corrections. Today I am nibbling a little bit ... see previous post ... but I am also taking advantage of some nice yields on cash in the form of a Certificate of Deposit.
The concept of a nice yield is relative. I come from a generation of investors who buy C.D.'s with an 18% yield. Buying a CD with a 1.5% yield is only nice in this environment.
I fully expect interest rates to increase, which means I keep my maturities very short. Here is a CD worth looking at.
Citibank 1.5% CD matures 5/9/2018
Buy at par
Cusip 17312QG94
M* MoneyMadam
About MM
- MM MoneyMadam
- Covered Calls: I do not trade them, I use them to boost my portfolio's income.