I joined all you extreme risk takers and bought some SNOXX (Schwab treasury money fund) recently. It currently yields 2.81%. Today I put in an order for a 1-month Flagstar Bank CD with a 3.9% yield.
I spoke to one of A-Trade's fixed income people. I asked him how liquid the market was for these CDs after they are issued. He said sometimes there will be a buyer and sometimes not.
Does anyone have any experience trying to sell one of these brokered CDs?
I have seen lots of $1 stocks with strong earnings and solid balance sheets triple, quadruple and more, but I have yet to see one go below zero.