these types of investments do not yield as high as mutual funds or direct stock market investing, they serve a purpose. CDs offer return rates above a standard savings account and they help to fund banks in the big picture of money. My 95-year-old Grandfather has successfully funded his retirement through CDs, a pension, and Social Security. To this day he still invest in CDs and his net worth is six figures. In large, most investors do not want to do the research in selecting stocks, bonds, and money market accounts for their portfolio themselves; at the prime of their career they may not have the time either. A managed fund is an appealing option. A managed fund may cost slightly more, there are management fees involved, typically not more than 2%. Picking a fund lessens the workload, pick a well know fund such as Janis, Fidelity, USAA, Templeton, Putnam, etc. If you have the money, pay someone; an investment fund manager who will take into account who you are. The name on the fund you choose is not so important as they type of fund you choose....
