Chuck, that might be one way of looking at it. On the other hand right now a 2.7% CD is guaranteed to drop about 6% (or more, depending on what you believe the true inflation number is) annually, or 60k in your example, whereas an investment could return much higher.
Of course it will depend on the specific investment. Sitting on cash right now guarantees you to lose money, unless you have a good opportunity pop up that you can take advantage of.
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