May 15, 2020

DJIA (23,436)

S&P 500 (2,831)

10-Year Treasury 0.64%

We hope this email finds you safe and well.  All is good on this side.  I have been working remotely since the middle of March.

As we have mentioned or written to all of our investment clients, we can buy CDs for you via TD Ameritrade Institutional. We have found the rates that TD Ameritrade Institutional offers to be more than competitive. Please let us know if you are interested in opening a CD account with us. Even if you already have an account under our management, a new account would need to be opened. We currently are not charging any fees for these specific CDs.

We are notifying all clients that have us managing a CD account, that when monies are coming due, or are already in their CD account, we are holding off on buying new CDs, solely because rates are near Zero.  Keeping it in cash offers even a lower return, but with cash, unlike a CD, we have daily liquidity.  The risk levels with cash or a CD are the same.  The risks of holding money in cash are also that CD rates could drop even closer to Zero, and we would lose the opportunity of even these rates.  We personally think it is best to see if rates change upwards over the next few weeks or months.

We are holding off reinvesting it, solely because a 1 year CD is currently 0.25%, and who knows if those will be the same tomorrow.  A 6-month CD is currently offering no more than 0.20%.

Here is a grid of general rates offered today:


Typically we would never contact a client on this, but since we are suggesting to keep it in cash, We have been contacting our clients just to let them know, and giving them the option of me getting them a CD instead of cash.

Again, we will keep any extra monies in cash, unless for some reason we think investing in a CD, even with these low rates, is what we would consider to be a prudent move.  At this point, w just don’t think investing for near zero rates, and tying up funds is a proper alternative.

Stay safe, strong, and smart!



Ronald R. Redfield CPA/PFS

Redfield, Blonsky & Starinsky, LLC.

1024 South Avenue W.

PO Box 2069

Westfield, NJ 07091-2069

908 276 7226 phone

908 264 7972 fax

Important Disclosures: 

  1. Redfield, Blonsky & Starinsky, LLC (RBS), only transacts business in states where it is properly registered, or excluded or exempted from registration requirements.
  1. Past performance assumes reinvestment of dividends and other distributions and may not be indicative of future results. Therefore, no current or prospective client should assume that the future performance of any specific investment, investment strategy (including the investments and/or investment strategies recommended and/or purchased by adviser), or product made reference to directly or indirectly in this presentation or on our website, or indirectly via a link to any third-party website, will be profitable or equal to corresponding indicated performance levels. The investment return and principal value of an investment will fluctuate and, when redeemed, may be worth more or less than their original cost.
  1. Different types of investments involve varying degrees of risk, and there can be no assurance that any specific investment will either be suitable or profitable for a client’s investment portfolio. No client or prospective client should assume that information presented is a substitute for personalized individual advice from the adviser or any other investment professional.
  1. Historical performance results for investment indexes, such as the S&P 500, generally do not reflect the deduction of transaction and/or custodial charges or the deduction of an investment-management fee, the incurrence of which would have the effect of decreasing historical performance results of the S&P 500 Index. Whenever RBS performance is referred to, results have been reduced by all fees, including RBS management fee.
  1. Returns for the RBS portfolios have been calculated using actual time-weighted returns obtained from all accounts over the time periods indicated. All RBS returns assume the reinvestment of dividends and are shown net of the investment management fees and all other expenses. Please see our form ADV for a full fee disclosure.  Actual individual account performance may be materially different from our composite results.
  1. RBS files an annual form ADV, which includes an easy to read brochure. Form ADV is a valuable read for anyone interested in learning more about RBS.  Additional information about Redfield, Blonsky & Starinsky, LLC is also available on the SEC’s website at  The searchable IARD/CRD number for Redfield, Blonsky & Starinsky, LLC is 128714.
  2.   The S&P 500 Index is a widely recognized, unmanaged index of 500 of the largest companies in the United States as      measured by market capitalization. The S&P 500 Index performance assumes reinvestment of all dividends and              distributions and does not reflect any charges for investment management fees or transaction expenses, nor does the    Index reflect any effects of taxes, fees or other types of charges and expenses. The S&P 500 Index is one of many         indices and is not necessarily the most appropriate index when comparing performance results.


If you are a client of ours, and if you have questions regarding the company or investment mentioned in this report please call our office. If you are not a client of Redfield, Blonsky & Starinsky, LLC Investment Management Division and are reading these notes, we urge you to do your own research. We will not be responsible for any person making an investment decision based on these notes. These notes are a “by-product” of our research. We are not responsible for the accuracy of these notes. We are not responsible for errors that may occur in these notes. Please do not rely on us to monitor or update this or any other report we may issue. In theory, we could come across some type of data or idea, which causes us to eliminate our long or short position of the company or investment mentioned in this report from our portfolios. We will not notify reader’s revisions to these notes. We are not responsible to keep readers of these notes updated for changes or material errors or for any reason whatsoever. We manage portfolios for clients, and those clients are our greatest concern as it relates to investing. Certain clients of Redfield, Blonsky & Starinsky, LLC may not have the company or investment mentioned in this report in their portfolios. There could be various reasons for this. Again, if you would like to discuss the company or investment mentioned in this report , please contact Ronald R. Redfield, CPA, PFS (partner in charge of investment management division).

Information herein is believed to be reliable, but its accuracy and completeness cannot be guaranteed. Opinions, estimates, and projections constitute our judgment and are subject to change without notice. This publication is provided to you for information purposes only and is not intended as an offer or solicitation. Redfield, Blonsky & Starinsky, LLC and Ronald R Redfield, CPA, PFS, may hold a position or act as an advisor on any investments mentioned in a report or discussion.