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Ii wanna invest money safely shud i go for shares or mutual funds??? |
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Safest place to invest around $200K for one year? |
i know my local bank has a one year CD that pays between 4.00 and 4.20%.
is there any other investment, that is GUARANTEED, that will pay me more....like a muni-bond or something?
... |
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Mikey | If I were to invest 100K into a conservative investment that pays interest, how much could I make per month? |
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trader
 |
The principal in the account will grow by the interest rate each month. Assuming an APY of 5%, the monthly compounding rate would be 0.05/12 = 0.004166
The account balance will grow the 1st month by
100,000 * 0.004166 = $416.66
So you would have 100416.66 at the end of the 1st month.
At the end of the 2nd month you would have
100416.66*(1+0.004166) = 100834.99
after N months you would have
100,000*(1.004166)^N |
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A.Mercer
|
How conservative? You can find some pretty conservative investments that pay 5%. You might be able to find some that pay more if you take on a bit of risk.
At 5%, that $100,000 would earn $5000, assuming that you spent the interest as soon as it was given and that you always maintained the $100,000 balance, no more, no less. That $5000 gives about $416.67 a month. Of course, this is not taking out taxes. |
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pretzel2222
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How old are you? When do you need the money? You should talk to a professional. |
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$so fresh so clean$
 |
First answer got it right, and that's assuming you found an account (bank) that was yielding that much. It would have to be fixed, because interest rates get cut so much these days until that 5% may not be guaranteed. |
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Greenback Party Member
|
a couple of hundred dollars / month |
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Bonibert J
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One per cent of the amount. |
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Aubrey
 |
If you want conservative - use savings account , like ING whos interest is around 4% or a CD - but locks in your money at a higher interest rate between 5 - 6%. AND i have two words for you - COMPOUNDED INTEREST... |
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kapn
 |
6% = 500.00 a month........ |
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