As interest rates remain high and Wall Street awaits the Federal Reserve's rate cut, Curinos head of wealth Korrynn Baltzersen joins Wealth! to discuss how investors should navigate certificates of deposit amid the current economic backdrop.
A big one C DS, this is a type of savings account that pays a fixed interest rate for an agreed period of time. That's not slowing down at all as long as we stay in this hire for longer environment and C DS now represent about 11% of wealth deposits. And, and so what is a way that someone could get involved or could exercise, uh, uh, an opportunity to make sure that they're taking advantage of the full benefits that a CD might give them, you know, where does that thought process even initiate for a lot of people?Uh, if I could predict the market and where rates are going, uh, I certainly wouldn't be sitting in this seat.
And so most wealth clients are locking their money up for a maximum of nine months with the majority at kind of 6 to 7 months right now. Melius Research projects Nvidia will generate $270 billion in cash over the next three years, potentially setting the stage for huge shareholder returns.2 Canadian Stocks to Buy and Hold Forever in Your TFSA
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