Treasury Bills have proven to be a much better way to invest your savings dollars. Banks are in the business of making money and they advertise, the government doesn’t. In mid-August, the average 6-month T-Bill was paying out 1.61% more than the average bank 6-month CD.
In The News
While state investment in new buildings is fine, it’s missing out on a badly-needed resource in Buffalo: more doctors. There are far better uses for state dollars to revitalize Western New York’s economy than riskier ventures such as the Tesla plant.
Shares of Tesla lost approximately nine percent of their value Friday, as the high-tech company moves forward amid concerns including a Securities and Exchange Commission investigation.
With the indictment of Rep. Chris Collins on charges of insider trading, it may be helpful to understand what it is, and why it matters to you.
Before trading in Innate’s stock had been halted, someone had started selling off their shares. The unusual trading activity “suggests that somebody with knowledge of the results was front-running the announcement,”
The allegations against Collins include tipping off his son and others, who saved hundreds of thousands of dollars by dumping their shares. Ogorek says the feds don’t indict people over minor securities law violations.
“But you have to look at rates relative to inflation, and the rates that you’re receiving at the bank right now are truly nothing to write home about,” Ogorek said.
“This case goes to the heart of our capital markets,” Ogorek said. “If investors see stuff like this, they can think the game is rigged. And if the game is rigged, who wants to play?”
Rates on CDs are better than they have been in a while, a ripple effect of the Federal Reserve boosting interest rates. So is this a good time to lock in a rate on a CD?