GoFuckYourself.com - Adult Webmaster Forum - View Single Post - Certificate of Deposits. Who has CD's and where

yys · 08-21-2008, 04:07 PM

If I understand CD's correctly they are pretty much the equivalent of GIC's in Canada. If thats the case then after inflation and taxes are factored in you actually lose money. I posted this on here sometime back in '04 for the Canadians who were using GIC's to stash there cash; it's probably just as relevant to you and CD's.

Of course all this could be wrong

depending on how the U.S. treats CD's for tax purposes. They still suck for after inflation returns though.

08-21-2008, 04:07 PM
yys Confirmed User Join Date: Aug 2001 Posts: 1,922	If I understand CD's correctly they are pretty much the equivalent of GIC's in Canada. If thats the case then after inflation and taxes are factored in you actually lose money. I posted this on here sometime back in '04 for the Canadians who were using GIC's to stash there cash; it's probably just as relevant to you and CD's. Of course all this could be wrong depending on how the U.S. treats CD's for tax purposes. They still suck for after inflation returns though.