Are brokered CDs too good to be true? Do your homework

Full story: Orlando Sentinel
William Katker thought he was playing it safe and smart when he parked some retirement money last year in a high-yield certificate of deposit that he purchased through his stock brokerage. Full Story
doug diggler

Merritt Island, FL

#1 Jun 23, 2009
It's always someone else's fault...

"It upset me because my brokerage knew IndyMac was having problems but didn't tell us."

Stick your money under your mattress or STFU.
Listen Up

Orlando, FL

#2 Jun 23, 2009
Investment brokers are there to make money off you, not for you. Keep track of your own investments. That way you will be safe.
Willie H

Orlando, FL

#3 Jun 23, 2009
A Stock Broker got burned by one of the investments he formerly sold, how appropriate. Actually the system worked. How arrogant to think a 1 month delay in one of the largest bank failures was excessive. He should be charged a nuisance fee!

“Listen in on 810 AM WEUS @ 3PM”

Since: Jun 09

La Fayette, KY

#4 Jun 23, 2009
doug diggler wrote:
It's always someone else's fault...
"It upset me because my brokerage knew IndyMac was having problems but didn't tell us."
Stick your money under your mattress or STFU.
What sort of dips-hit are you? This man was PAYING a brokerage firm for advice and education; obviously they failed to perform. How is calling them out on that being "...someone else's fault"? Ultra-maroon....

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