BS Business Insider story is BS.
Investing in CDs (and precious metals) will, over time, only get you the rate of inflation.
Sure, you can luck out, and lock in a high rate when inflation is high. But the opposite can happen, too.
For the average passive investor (most of us), stocks and (maybe) real estate is the only way to go to beat inflation in the long run. Buy quality and hold it.
OK, bombard me with your BS stories to the contrary...
And remember for a good number of years the interest rate on CDs and other “safe” investments was about .2% or .002.
So $100,000 in a CD earned about $200.00 a year!
“Buy quality and hold it.”
Amen.
Some people buy quality companies that are reliable dividend growers (e.g., dividend aristocrats) and use the quarterly payouts to supplement whatever other income sources they have. But it can take a long time to build those income streams so not for everyone.