People say, “I went to the bank and bought a CD,” which is not completely accurate. 

In essence, when someone invests in a CD, they are lending their money to the bank for a designated time period with the promise to be paid back the investment and a small interest income percentage while their money is being used by the bank. Regardless of the interest rate, a CD can typically be beneficial if, after taxes and inflation, you still earn a net gain upon maturation of the original investment. There are alternative ways of investing with a focus on capital preservation, growth, and income. We recommend consulting with a qualified financial advisor prior to making any investment decisions. 

disclaimer: Securities offered through Raymond James Financial Services, Inc., member FINRA / SIPC. Investment advisory services offered through Raymond James Financial Services Advisors, Inc. Todd Dudley & Associates is not aregistered broker/dealer and is independent of Raymond James Financial Services, Inc. Past performance is not indicative of future results. Investing always involves risk and you may incur a profit or loss. No investment strategy can guarantee success.

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