Yes, CDs are a sucker’s bet for the long term. But in a global recession, it’s a winner’s bet.

I sold my house in 1/06 and my equities in 3/06, and went in to capital preservation mode. My plan is to get back into equities as the depth of the recession in late 07 or sometime in 08, and back into housing at the depth of the collapse in 2010 – 2012. There are times to grow your money, and times to just hold on to what you’ve got.