The Tricky Pro's and Cons of Brokered CD's- What You Need To Know

Vanguard offers CD's but they AREN'T normal CD's. Today we get nerdy 🤓and dive into the world of Brokered CD's to show how they are different than a traditional bank CD. At first the higher interest rates and potential for long durations seem like a great alternative to bank CD's, but when you dive deeper it's not quite as appealing.
⏱Handy Timeline:
0:00 Brokered CD's
0:20 How it works
1:02 Positive things
2:20 Tricky things
4:45 Not compounding
5:46 Can't roll over
7:02 Better rates?
8:02 What's the effect of not compounding?
8:11 It's Spreadsheet Time
9:54 Who is this for?
10:21 Have you used one?

=====
📗Easily learn all the essentials of stock market investing in a single afternoon:
https://www.udemy.com/course/investingmasterclass/?referralCode=BEE5C6159005EDA7BE79
Free Digital Products I made for you:
Net Worth Tracker: https://brendanbutler.gumroad.com/l/InvestingChecklist
Budgeting Spreadsheet: https://brendanbutler.gumroad.com/l/BrendanBudget2022
New Investor Checklist: http://bit.ly/newinvestorchecklist
Better Goal Template: https://bit.ly/bettergoaltemplate
Memento Mori Life Grid: https://bit.ly/MementoMorigrid
My Free Newsletter: https://brendanevan.substack.com/
=====

The Investing Apps I Recommend:
📈M1 Finance Investing: (Get up to $100 when you start investing today! *eligibility requirements apply* To get it, invest at least $100 in an individual account or at least $500 in a retirement account)
https://m1.finance/td-bpuTpiT9T

👨‍💻Data made easy with Fennel, the superpowered investing app: More info or a free trial without a credit card here: http://fennel.sjv.io/c/2906384/1959471/20785

🐿Start investing with Acorns! Best app for beginners! Get $5 when you use my invite link: https://acorns.sjv.io/P0bQDY

🤿Want to dive deeper with an investing service built for the pros and available to everyone? Check out Interactive Brokers: https://www.interactivebrokers.com/mkt/?src=brendanevanPY1&url=%2Fen%2Fwhyib%2Foverview.php

📊Get 2-12 free stocks with WeBull after you make your first deposit! (The best app for getting free stocks. Remember, you MUST link your bank account or you get no free stocks!)
https://a.webull.com/i/BrendanEvan

👩‍🏫 Learn more with Skillshare, my favorite online learning platform: https://skillshare.eqcm.net/c/2906384/298081/4650

=====

#BrendanEvan
Disclaimer: Any financial or investing-related topics discussed on this channel are not from a professional investment advisor and are not financial advice for you. This is for entertainment and inspirational purposes only. My opinions are not reflective of the companies mentioned in the video. Also please know that many of the links I have in video descriptions like this one are affiliate links which means I may be compensated by the company whom you do business with at no extra expense to you. Thank you for your support!

🕰Make sure to check the time stamps to navigate to the most interesting parts easily.

🏎💨If I am talking too slowly, just click on the video settings option and look for “Playback Speed”. Changing this to 1.25x or 1.5x can make the video flow a little better if you want to pick up the pace!

📥Contact me here for business purposes: Brendan@brendanevan.com

⧉Join this channel to get access to perks:
https://www.youtube.com/channel/UCVaO3-9dDkesDFAFrvqvcFg/join

Видео The Tricky Pro's and Cons of Brokered CD's- What You Need To Know канала Brendan Evan