2min chapter

Animal Spirits Podcast cover image

The Lender of Last Resort (EP.300)

Animal Spirits Podcast

CHAPTER

The First Investment I Ever Made in a CD

The first investment I ever made in my life was in a CD. CDs went from $36.5 billion in April 2022 to $418.4 billion in January, according to the Federal Reserve. This is actually a great hedge because churchroom rates fell so fast. It's tough for people who have been waiting for a crash that at this point, I just don't think it's coming.

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