tag:blogger.com,1999:blog-6097510160054715524.post1885454301854154956..comments2024-01-03T21:42:28.979-08:00Comments on DivGro: Bonus Deposit, April 2013FerdiShttp://www.blogger.com/profile/05008021146951839361noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-6097510160054715524.post-77670020877080119002013-04-12T07:20:10.638-07:002013-04-12T07:20:10.638-07:00That's actually a smart way of using CDs! You&...That's actually a smart way of using CDs! You're goal is not to invest, but to save up to buy a car. By doing it this way, you're "saving" the interest you would have paid if you bought a car using a car loan. FerdiShttps://www.blogger.com/profile/05008021146951839361noreply@blogger.comtag:blogger.com,1999:blog-6097510160054715524.post-50137682853513392622013-04-12T04:22:23.085-07:002013-04-12T04:22:23.085-07:00Wow that's a nice deposit! It will be interes...Wow that's a nice deposit! It will be interesting to see what you end up buying. <br /><br />I use cds to save for a car. I pretend I have car payment (I really don't) which I use to buy cds after it accumulates for a few months. Even though the interest gained is minimal, it's better than paying interest on a car note!<br /><br />But yeah, cds are a poor investment. Only useful for saving at current rates.<br /><br />CheersCompounding Incomehttps://www.blogger.com/profile/04207986983526689578noreply@blogger.com