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Council reviews investment options; advisor recommends laddered brokerage CDs for ~ $200,000
Summary
A financial advisor told the council roughly $200,000 could be placed in laddered brokerage certificates of deposit; he described current yields, FDIC coverage limits and the trade-offs of liquidity versus guaranteed principal if held to maturity. Council asked staff to follow up and bring details to a future meeting.
A municipal financial advisor presented options for investing roughly $200,000 of city funds and said a laddered strategy of brokerage certificates of deposit (CDs) would be simple to explain to residents and preserve principal if instruments are held to maturity. "If you put in 200,000, you don't wanna see it turn into 180,000," the advisor said, arguing CDs limit…
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