Although you may have a “buy and hold” approach and years to go before you need to dip into your investments, having a blend of safe investment options can help you weather economic storms.
Safe investments are assets that will help put your money to work, but do not face the same risks or volatility that the traditional stock market might create.
Essentially CD investments are options that the bank promises to pay you a set rate of interest over a specified term if you leave money in that CD until the term ends.