mature cd

[peterr]

Hello
A small cd matured. We do not exceed Fdic, and need a small pension supplement. Because of the low rates at this time we think it is good to do something short term hoping for an upswing, or at least having the option.
Does a short term HSBC online money market and/or cd sound as good as you can do July of '09?
Thank you

[Beachboy]

I think for most investors, an FDIC insured bank CD is as good as any investment in today's uncertain economy. Unfortunately, nothing is giving a very good return on investment nowadays. But the CD is insured and will give you a small but guaranteed monthly or quarterly stipend. You can get CD's in as short as 6 month intervals, although the shorter the interval, the lower the interest rate. I'm a firm believer in bank CD's. after having been burned with stocks and bonds. CD's don't have dramatic rates of return, but they are safe. Since I'm on the threshold of retirement, I'm adverse to risk at this stage of my life.