Brokered CDs on Fidelity 2023: How to Buy New and Secondary CDs

Brokered CDs on Fidelity 2023: How to Buy New and Secondary CDs - In this video I explain in detail what a certificate of deposit is, and how to purchase them as new CDs and used certificate of deposits on the secondary market. There are many details to review to ensure a person doesn't make a costly mistake. Some CDs may not be insured, some are not offered in certain states, and some CDs may be "callable" from a bank. These are all details a person needs guidance on what to look for.

𝐓𝐨𝐩 𝐑𝐞𝐬𝐨𝐮𝐫𝐜𝐞𝐬

00:00 - Intro
01:17 - Certificate of Deposit (CD)
03:07 - Differences in CDs from Bank vs. Credit Union
03:55 - Banks vs. Brokerages for CDs
06:50 - Buying a New CD on Fidelity - not call protected
15:01 - NEW CD Blue SKY and Call Protected
17:00 - Fractional CD
19:28 - Secondary Market CDs
23:14 - Secondary Market - Quantity Requirement
#bestcdaccounts #highyieldsavingsaccount #investing101 #investingforbeginners #passiveincome #fidelity

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All opinions expressed by Brian are solely provided as content. Do not treat any opinion by Brian as gospel that needs to be recreated. Brian is not a fiduciary or financial advisor. All financial topics are for illustration where the outcomes are not guaranteed or expected. There exists real risks in all forms of investment, so do your homework and make your own decisions.

[BusinessWithBrian]

Please know that I will try my best to respond to your comments, but I may not make it to all of them. Also, there exists a nefarious element that will try to spam or scam others. I will never ask for personal information or ask you to send me money in any form. Those are scammers. Also, I am not a licensed financial advisor, so please do not request personal advice with your funds, as I am unable to overstep those boundaries. I am here to share information as best I can.

WHAT TO WATCH NEXT:

[victorbarone]

Wow Bryan I want to thank you for this great video. I have been investing in the stock market for many years and i am blessed to say with dollars cost averaging I have done very well. Also after retirement as you know I have transitioned to fixed income. (cds). Obviously with higher rates and having nice principal balance that also is working out nicely. One thing I am trying to lock in longer maturity dates due to the fact the rates could stabilize and stall. So what your video did for me was teaching me how to understand the secondary market. before your video i was intimidated by the secondary market. I have also learned from you that if I am dillegent, I can actually wait for someone who really needs to sell their cd and actually beat current rates. So thats an option I didnt have until I saw your video. Thank you'

[jad]

I would be interested in learning how selling a CD on the secondary market works. For example, whether Fidelity gives you guidance on what to price it at.

[acepokemontrainer]

Thanks for this video, very helpful for beginners like me trying to understand all the financial lingo!

[herculesrockefeller]

Thanks Brian, the secondary market was interesting, but always a little daunting to me. Now I have a better understanding of how it works!

[juanitoboyneta]

Your explanation is clear and precise. Thank you

[tashundraroberts]

QUESTION: when buying a cd, do you buy it then let it sit, or is it something you have to constantly put money into?

[robstreicher]

Loved your video. Very thorough and succinct. Great job!

[datrucksdavea]

how does the taxes work. Say U own a broker CD for over a year, than U sell it on the secondary market for a profit is that interest income or a long term capital gain? ty great video

[PartnerBoss]

Brian, Thanks for helping us all! Most excellent videos!

[egrnhl]

How does the brokerage firm pay the interest since it does not compound? What are t 0:48 he options to receive the principal at maturity?

[sithlord]

The bank does CD, they borrow your money and give you a rate. But the catch is you can't touch your money for 15 months

[johnever]

thank you Brian for another well explain video, , this is so helpful for me and my spouse , , all we do is put money on our savings account and don't know how to make it grow ..

[Sea_New_Things]

Looks like the Alagarve region of Portugal in the background of the banks vs brokerage breakdown section

[chillinvillin]

Dude great video! Glad you showed up on my feed.

[KLLSWTCHD]

Great info Brian. One thing I am looking to understand is what term, or info should I be looking for/at if I want to know if the fund, or particular CDs compound daily, monthly, or annually. Is it the Coupon Frequency that I should be looking at?

[jimmyboy]

Terrific videos! Very disappointed that you didn't go to the last screen in your secondary cd explanation. I tried those and find there is almost no correlation between the yield to maturity and the actual yield after Fidelity's cut, the accrued interest and other seller adjustments. Can you talk about that?

[Lotuslaful]

Why would you choose a cd vs a mm fund at the same interest rate ?

[jay]

Lol why is "Blue sky state" a green checkmark when yes and a red X when no. I'm glad I know this now, or I would have just been naively looking for green checkmarks!

[mickeyflanagan]

I have money in a brokerage and I would like some of it to be FDIC insured. It's in their Money Market holding fund now that is SIPC insured. Would it work to put it into a Brokerage CD ladder that is FDIC insured? That way I still get the FDIC protection as if it was in a back account without actually having to give it to the bank? Thanks for any tips. Subbed and liked.