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At Virtus Wealth Management, your Southlake independent financial advisors, we help our clients prepare for a financially-secure future by developing long-term strategies that focus on the “big picture” versus short-term gain, thereby managing risk.

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Virtus Wealth Management is the product of a 2016 merger between two well-established Texas wealth management firms.

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Wealth management is more than just investment advice – it includes all aspects of a client’s financial life.

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Wealth management is more than just investment advice – it includes all aspects of a client’s financial life.

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At Virtus Wealth Management, we believe we can help you no matter what age you are, what life stage you are in, or how much money you are working with. We want you to feel educated, empowered, and involved in the planning of your financial future.

CD’s … All The Rage?

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  • CD’s … All The Rage?

by | Mar 12, 2024

Policy tightening from the Fed pushed yields on cash-like instruments to their most attractive levels in over a decade.  With yields around 5% and minimal risk, CD’s (as in Certificates of Deposit) are back with a vengeance, but should you buy into the hype?  The answer to that depends on a variety of factors like time frame, risk tolerance, long-term goals, and more.  Let’s explore …

At Virtus Wealth Management, we believe CD’s are best used to support short-term savings goals.  CD’s have fixed rates, guarantees, predictable returns, and their terms typically range from three months to five years, so they can be tools to set aside savings for future purchases within a specific time period.  What’s not to love?

The chart below illustrates that CD’s are more for short-term safety than long-term growth.  History shows that staying parked in cash after the peak in interest rates usually leaves money on the table (opportunity cost).  In the last six rate hiking cycles, the U.S. Aggregate Bond Index outperformed cash over each of the 12-month periods following the peak in CD rates, while the S&P 500 and a 60/40 stock-bond portfolio outperformed in 5 of these periods.

CDs and Investment Opportunities outside of CDs. Financial advisors and wealth management professionals at Virtus Wealth can help you develop a long-term and short-term investment strategy for a brighter financial future.

This is not to say that investors should abandon cash altogether, as liquidity is an important allocation of any portfolio.  The timeframe for the use of that liquidity is what’s important.  At Virtus Wealth Management we believe there is an opportunity cost in holding onto too much cash (even in CD’s) for long-term money and advocate putting long-term money into long-term assets.  Following a peak in interest rates there has consistently been a better asset than cash to deploy capital.  If you have any questions or would like some guidance specific to you, please contact us.  We are here help.

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