Ms.MojoRisin
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That's a pretty short time frame, and if you really can't afford to lose any of the money, I'd suggest a high-yield money market account. Right now some of them are yielding 4-5%. You might hit it big in the stock market, but there is a lot more risk there. |
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DEN GIRUS
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The best and safest investment would be to put $15,000 into a high interest account @12% APY as I did.
Within 15 months you will earn 15% or $675.
Contact me for more details (email me through my profile).
Best of luck! |
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Ted
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Bank certificate of deposit. Other investments might yield more in the long term, but will fluctuate. If you really need the money at a specific time in the near future (like 15 months from now), leave it in a bank. |
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Money Expert
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I have invested in my friend's business and now I am getting guaranteed 40% annual interest. You may email me for more information http://answers.yahoo.com/my/message_do?kid=feVMF7t3aa
I wish you success! |
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Joe
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For such a short time period, it is best to invest in conservative investments. Consider the Vanguard Prime Money Market Fund with a current compound yield of ~4.1% APY.
https://flagship.vanguard.com/VGApp/hnw/FundsSnapshot?FundId=0030&FundIntExt=INT
If you are in a high tax bracket you may prefer their tax exempt money market funds:
https://flagship.vanguard.com/VGApp/hnw/FundsByType
Sometimes other institutions will have a higher teaser rate, but Vanguard tends to have the highest yields I've found over the long run. (Vanguard money markets are not FDIC insured, however.)
Article on teaser rates:
http://www.marketwatch.com/news/story/banks-advertised-rates-dont-always/story.aspx?guid=%7B0A13B6E2-FFB2-4E2B-BD42-E2D1E01C52E5%7D
Bankrate.com provides links to CD's with high interest rates as well as high interest rate banks.
http://www.bankrate.com/
http://www.bankrate.com/brm/rate/deposits_home.asp
ING and HSBC often have rates close to Vanguard, and most of their products are FDIC insured. You can check these at the following links:
http://home.ingdirect.com/open/open.asp
http://www.us.hsbc.com/1/2/3/personal/savings?code=husa
(If you were investing for a longer period of time and were willing to accept some volatility, you should consider putting some money into no-load low-expense mutual funds or stocks. These are not guaranteed, but over the long run produce much higher returns.) |
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BestINVEST
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4-5% per year? they call it high-yield??? :-) LOL
Better put your money in Belarus bank. You will get a 13% APY with NO RISK AT ALL because all deposits are state insured. No fees. No risk. No taxes.
13% annual return is guaranteed
I have opened such a high interest account 5 years ago.
Good luck! |
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Jasper
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15 months is not a very long time, and I would not get risky with your money.
I would suggest a CD or savings. I know this is boring and does not pay much interest, however, it is better than taking a loss.
If you were planning on keeping your money in the market for a long time, I would offer different advice. Mutual Funds, ETF's and stocks all have the potential to lose money. Stay conservativel. |
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Derrek M
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I had the same problem as you have.
I had a good amount of money, but didn't knew where to invest it.
So I looked around for something that gave me a great return towards a low risk.
And the only thing I could find was a mannaged account.
Here you can follow up my results of every day:
http://my-robottrader.blogspot.com/
I'm verry excited because I already have 48% ROI in Two months time.
My moneymannager is giving me great support, and answer all of my questions almost immediatly.
Annyway feel free to contact me (adress on my blog) and I'll bring you in direct contact with my money mannager. |
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emoney
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i would invest my little bit of savings into microsoft because bill gates is on the roll and bringing every one up with him
but be careful because he's going to cause a business monoply or google and yahoo are going to be in competition with him but i'd put my money on bill gates because he has enough money to put any one out of business especially google and yahoo |
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Mr. Luva Luva
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Stocks is the way to go. The market has been on a downturn the past 3 months and it is finally pulling out of it's funk. Stocks are a great place to put that money.
Get a free online account at Scottrade or E-Trade and buy some stock.
If you want a stock tip, buy all $4,500 into Quantas Services (PWR). They are a utilities company who builds/repairs power grids and cell towers among other things. JP Morgan just gave them a "Buy" rating. They are trading at $22 this morning and most experts forecast the stock to end up around $30-$35 by the end of this year. Check the stock out on Yahoo finance. It is a GREAT investment and in 15 months your $4,500 should be worth about $7,000!
Good luck! |
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J H
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Oil... black gold....Texas tea
Summer is coming and price are gonna skyrocket. once the summer fuel start to come out. |
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luke k
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Vegas baby! Bet it all on black! |
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