Quote:Really high-interest CDs? Are those the ones investing in unicorn futures?


The S&P 500 gained on the average about 3% per year since 2000. That's not great, and CDs don't pay close to that. Some mutual funds have a better record, and unless you know a stock that is going to skyrocket, that's where your money should go.


$100 per month for 40 years is not going to get you $1 million. Certainly not at 3% per year.

Purely in my opinion, CDs are a much safer investment over the long term than the stock market is. With a CD, you know your return. With a 401k...well, let's just say that a former coworker of mine lost about $50k the day that the stock market crashed by 700 points in 2008(?). Delayed his retirement by about a year. I don't want to be in his shoes. I don't want be stuck working until 66 because the market tanked and took my 401k with it.


I'm don't particularly care about being a millionaire, tbqh. I want my wife and I to live comfortably and not have to move for a new job in a new city every three years. That's good enough for me. If the minimum wage jumps by anywhere from 60-90% in an extremely short amount of time, artificial inflation might leave me no choice but to end up with a couple million dollars.

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