Joey
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Well if you are not going to touch that money for any reason, then a CD is going to be one of your best shots at a good return. If you are looking for a strong return with the ability to pull your money out in case something happens you may want to look into hedge funds. hedge funds are minimal risk and generally have some good returns for investors. that is part of the reason you are seeing them come out more and more now while the market is low. A hedge fund can gain you as high as a rate of three points over prime.
With a little research I am sure you will make the right decision with what to do with your money.
Good investing, and hope this helps. |
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Rachelle
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buying a CD will bring in more interest than just letting your money sit in the bank. Make sure you leave enough money to last until you until you can cash in the CD. |
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Stockwillrise
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My stock portfolio is up 71% this year while most investors are losing money. I simply understand the stock market better than most people.
Last year my portfolio gained 95%. I know this sounds arrogant but allowing me to advise you on stocks to buy and sell and the best option you could have if you want to double and triple your money in a short period of time. Good Luck on your decision. |
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cassnate
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A CD is a smart and safe means of investing your money if you have some extra that you do not need to have on hand.
Unfortunately, I don't think that CD rates are exceptionally high at this point in time, but you will get a better rate based on how long you keep your money in the account.
I think a CD would be a smart choice with the economy in its current state. You may want to consider a more short-term length of time unless you are sure that you won't need that money anytime soon. |
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JohnGalt
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A CD is a fine choice. BAC does a no-risk CD that you can withdraw all or some after 6 days. |
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Dr.Worm
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Of course not!
The interest will only be a few dollars a year!
I suggest you invest in something more productive.
go to a bank near you or talk to an invester |
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get it while it's hot!
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In this economy, if you only have that few thousand to your name I would not put it in a CD because you should be able to maintain access to your money. I would suggest a money market for that. We have some money in a money market and although it doesn't make killer returns it is accessible and still making some money. If you have money to gamble with I would buy stocks. Talk to a reputable broker. The market is so low, if you don't need the money for 20-30 years to retire with than you have time to stick out the market and make your money that way. Good Luck!! |
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italia2
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Put some in a CD and some in the stock market. Considering how much the market has fallen, it might be a good idea to put quite a bit more there especially if youre young.
But, you have to figure out what your tolerance is. |
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Derek (Steelers, SB champs)
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If its for the short term, yes.
If you want long term growth, consider some low cost, no load mutual funds. |
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The Fortune Cookie
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that's what my parents do but i really dunno |
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