Reported 4 months ago
A financial advisor challenged the idea of investing in certificates of deposit (CDs) over working with a financial advisor. While CDs offer a seemingly low-risk, guaranteed return, relying solely on them may not meet one's needs. Advisors can provide a comprehensive plan that includes asset allocation, risk management, and holistic financial planning. Additionally, CDs carry risks like reinvestment risk and inflation impact, which advisors can help navigate. Ultimately, a strategy solely focused on CDs may not replace the value and personalized approach a financial advisor can offer in achieving financial goals.
Source: YAHOO