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Originally Posted by saniyer
I want to know is there a way I can go to a bank or a brokerage firm with this 1 Million dollars and negotiate a price on a CD and ask for a 10% return if I agree to keep this money in their CD for at least 1 year.
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That's not going to happen. A bank or broker needs to be able to earn a higher return on your money than it's paying you. No reasonable company is going to count on earning more than 10%. And even if it could count on it, it could offer cheaper 7% CDs and get all the inflows it needs.
Is this million dollars your entire nest egg, or is it just a drop in the bucket for you. Assuming it's the prior, you really shouldn't have all your money in CDs -- they just can't produce the long-term growth.
If you're completely risk-averse and must be in CDs, considering CD laddering. That helps strike a balance between risk, return and liquidity.