Why I Chose a 5% APY CD Over Stocks: 3 Key Reasons

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Source: Business Insider
Why I Chose a 5% APY CD Over Stocks: 3 Key Reasons
Photo: Business Insider
TL;DR Summary

The author shares three reasons why they pulled their money out of stocks and invested it in a high-yield CD. Firstly, their lack of strategy and risky stock picks resulted in losses. Secondly, they couldn't give their stock portfolio the necessary attention. Lastly, they wanted to reset their investment strategy and focus on short-term goals to recoup their losses before reinvesting in a more thoughtful long-term portfolio.

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