So the stock market is taking a hit again. Not been a happy 2015 so far. But one of the things driving the market downward is the rumored move by the fed to finally start raising interest rates. If this happens, aren't there benefits to folks like me who have some money tied up in CDs and "interest bearing" checking accounts? Won't CD rates also rise if the fed raises the rates?
If so, will income from interest be offset (or worse) by the decline in stocks?
Our retirement investments did pretty well last year, especially in the 4th qtr. But now I fear they'll lose what they gained.
What's your take on it?
If so, will income from interest be offset (or worse) by the decline in stocks?
Our retirement investments did pretty well last year, especially in the 4th qtr. But now I fear they'll lose what they gained.
What's your take on it?
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