finance people: so my best friend has a baby and she's trying to figure out if she should invest in a 529 or a CD. she's got a bunch of concerns for either but wants to know what the better option is. james says CDs aren't good but 529s seem like a big risk.
— ghost wife (@eponawest) January 18, 2020
No, no, no, no FUCKING WAY should you do a CD for this. Just no no no no no.
Why do people think this way? This is common, so I am not critizing her specifically. CDs are terrible investments at the best of times but over an 18+ year time frame they are and will be tragic underperformers.
A CD should not even be considered in this case. Almost anything is better than this option.