CDs can be part of your investment strategy

deservedly so, because they often form the core of a portfolio. But to help achieve your goals, you may also want to consider a broader array of investments, one of which may be a certificate of deposit (CD).

As you may know, a CD earns interest on a lump sum for a designated period. You can purchase CDs whose maturities range from a few months to 10 or more years.

been seen in more than 15 years. Later in 2023, though, if the Fed eases up on rate hikes, or perhaps even starts reversing them, CD rates could fall again.

In the financial world, stocks and stock-based mutual funds often get a lot of attention. And

Generally, the longer-term the CD, the higher the interest rate, although this isn’t always the case. In recent years, CD rates have been pretty low, reflecting the overall interest-rate environment. But now, as the Federal Reserve has repeatedly raised interest rates to combat inflation, CD rates are rising, too. In fact, one-year CDs can currently be found paying in the 5% range, a rate that hasn’t

You can purchase a CD from a bank or buy a “brokered” CD from a financial services provider. The income you receive from a CD may be its main attraction, especially if the rates remain elevated for a while. But there’s another key advantage to owning CDs: They can help diversify a portfolio of stocks and stock mutual funds that are generally more susceptible to movements in the financial markets. A portfolio that contains CDs, as well as bonds and government securities, can help reduce the effects of market volatility. Keep in mind, though, that diversification can’t guarantee profits or prevent losses in a declining market.

While adding individual CDs can be valuable, you might get a greater benefit from a more strategic approach known as laddering. You can build a CD ladder by buying a series of CDs that mature at different dates in the future, perhaps one month, three months, six months, nine months and 12 months out, or an even longer-term ladder of one to five years. In either case, as one CD matures, you can use the money if you need it or reinvest it to another “rung” on your ladder. If interest rates are up, the reinvestment option might be appealing, but if the available CD rates are lower than your maturing CDs, you could find better uses for your money. And you’d still have your longer-term CDs, possibly paying higher rates, working for you. You must evaluate whether a CD ladder and the securities held within it are consistent with your investment objectives, risk tolerance and financial circumstances.

The amount of space occupied by CDs in your portfolio should depend somewhat on your stage of life. If you’re a long way from retirement, you may want to own a larger percentage of growthoriented investments. But once you’re retired and getting more income from your portfolio becomes more important, you might find a greater need for CDs.

In any case, CDs may prove useful to your overall financial strategy, so give them some thought.

This article was written by Edward Jones for use by your local Edward Jones Financial Advisor, Nima Helmi, who can be contacted at 951-972-3071. Edward Jones, Member SIPC

‘Kool Summer Nights’ begin at the historic Estudillo Mansion Aug. 2

Staff Writer

Many residents of San Jacinto and the neighboring communities in August will have another escape from the expected heat waves with the city’s annual Kool Summer Nights concerts held on the grassy grounds and shady trees of the historic Estudillo Mansion on Wednesday nights.

Five top local bands that will be appearing have been announced by the city and the sponsoring

Hemet/San Jacinto Chamber of Commerce.

Beginning Wednesday, Aug.

2, Endeavor will perform their timeless classics, followed by the Mickie Arnett Band, Aug. 9, with more classic rock and some good old country music. The mood will change Aug. 16, with the Echoes of Cadence and their 70s and 80s mixed with progressive rock sounds. The stage will rock Aug. 23 with Thunder bringing country music to the forefront with dance and fun.

Cheez Whiz will put on some of the favorite 80s music Aug. 30, mixing rock, country and folk together.

All and all, this year’s Kool Summer Nights at the Estudillo Mansion, 150 Dillion Ave., in San Jacinto “will be bigger and better than last year,” Tara Magner of San Jacinto’s Economic Development and Special Projects Department, said.

In August 2022, for the first time since the pandemic disrupted entertainment across the country, about 200 residents showed up for each event.

“This year we expect 1,000,” she said.

Coming with the outdoor entertainment that starts at 6:30 p.m. each Wednesday evening will be The Mac Truck, So Cheesy Grilled Cheese, Wood Fire Pizza Wagon and other vendors offering a variety of items, cooling drinks, shaved ice, ice cream and kettle corn. Adults 21+ can enjoy the beer and wine garden.

Family activity and community organization booths are expected as well. For safety’s sake, there will be no outside alcohol, no smoking and no dogs or pets permitted on the grounds.

Visitors to the outdoor concert are urged to arrive early, bring lawn chairs and warm clothing for the cooler part of the evening. Parking is available in the parking lot of the Mansion or on the surrounding streets, where permitted.

Tony Ault can be reached by email at tault@reedermedia.com.

3-year-old accidentally fatally shoots 1-year-old sibling

Julie Reeder

Publisher Tony Campbell

Ac Investigations

A Fallbrook family’s life was changed forever on Monday morning, July 17, when their 1-year-old girl was accidentally shot and killed by her 3-year-old brother.

Sheriff’s deputies responded to the 1100 block of South Stagecoach Lane around 7:30 a.m. Monday, July 17, after a report regarding an accidental shooting.

The San Diego Sheriff’s Department reported that deputies arrived and confirmed a 3-year-old got hold of an unsecured handgun. The family’s 1-year-old, whose name is not being released at this point out of respect for the family and the fact she is a juvenile, had a head injury

Fire Department personnel ar- rived on scene and transported her to Palomar Hospital with a Sheriff escort. Despite lifesaving efforts, she was pronounced dead at about 8:30 a.m. NCFPD PIO John Choi said, “A patient was confirmed a GSW (Gun Shot Wound) and in CPR status, and was pronounced at the hospital.”

According to Tony Campbell of AC Investigations who was on the scene for Village News, the father was outside on the front porch and was visibly in distress. The mother seemed in shock as she walked to an unmarked Sheriff’s vehicle. It is not known if she was being taken to the hospital to be reunited with her son. According to an unnamed source, “The big brother didn’t realize what had happened.”

The case is being investigated by homicide, however, it’s being investigated as a death investiga- tion and not a homicide.

In a press release from the sheriff’s department, they said,”The sheriff’s department extends our sympathies to the family and those affected by this death. Sheriff’s homicide investigators are working to gather more information to determine the circumstances of the death.”

According to the sheriff’s department, the medical examiner’s office is also investigating to determine the cause and manner of death.

An yone with information regarding the shooting is urged to call the Homicide Unit at 858285-6330. Tipsters who prefer to remain anonymous can call Crime Stoppers at 888-580-8477. During after-business hours, calls should be directed to 858-565-5200.

FIRES from page A-1

The fire broke out around 3:30 p.m. Friday northeast of Gilman Springs Road and Jack Rabbit trail. There were 152 structures threatened, but no structures destroyed or damaged.

An evacuation center for people and small animals was set in place at Beaumont High School at 39139 Cherry Valley Blvd. Large animals were being accepted at the San Jacinto Animal Shelter, 581 South Grand Ave.

A total of 88 fire engines, seven water tenders and numerous air tankers were utilized to suppress the spread of the fire.

“Our goal is to strengthen and improve our containment lines and get around the body of the fire, most notably up in the head of the fire where we have several housing communities,” Incident Commander and Division Chief Josh Janssen said Sunday. The cause of the fire was still under investigation.

The next largest fire was the Reche Fire, which started Friday, July 14, in the 9400 block of Reche Canyon Road, Moreno Valley. It burned 437 acres as of Tuesday with 90% containment.

The Gavilan Fire started Saturday, July 15, near Gavilan Road and Smith Road in Lake Matthews. It burned 338 acres as of Tuesday and was 60% contained. The cause is still under investigation.

The smallest fire, the Highland Fire in Beaumont, was holding at 105 acres and was 98% contained as of Tuesday with no road closures or evacuations. It broke out dale Street, according to Riverside County Fire. The cause of the fire was not known as of press time. City News Service contributed to this report.