Hello everybody,
My name is Max and I'm from Russia.
I've been looking into getting some US stocks, when it hit me: US market appears to be near the top right now so maybe I should wait it out?
I can easily get up to 6.5% for up to 5 years in tax-free government-insured USD CDs right now, which I can then cash out of without losing accumulated interest at any moment when the US market goes down again.
I know this is market timing and it's frowned upon around here, but in these kind of conversations it is always assumed that the alternative to stocks is measly 1% tops CDs, which is obviously not a good idea. But my alternative is very different, so I thought you might have some insightful advice for me.
Thanks in advance!