A while back I entertained the thought of dumping 40k in CDs I have (3 more years @ 3%), but the market was up and I was willing to let them ride. Long term averages tell me the market will outperform them but that doesn't mean it will outperform them for the next 3 specific years (until they mature). As the market drops, I find myself increasingly wondering if I should consider converting them at some point. I'll lose 12 months of interest, or 3%, as a penalty for closing them early but the lower the market goes the more likely it is to outperform them over the next 3 years. If I walk into a branch and close them, I can wire the money to my Vanguard account and trade on it the same day as long as the transfer happens early enough in the day. Thoughts?
Worth noting the CDs are in 5k increments so I could hedge my bet by only converting some of them.