These funds may or may not be for long term, so I do not want to tie them up. But I do want a better return than a savings account
2006-09-05 08:57:57 · 14 answers · asked by rollwave88 1 in Business & Finance ➔ Personal Finance
No load mutual funds will minimize your cost, as long as you keep the money invested for the minimum time. You can invest in government bonds, corporate bonds, or high-yield bonds. All of these are safe and guarantee a yield. You can probably get somewhere between 5.5 -7.5% on these.
2006-09-05 09:04:06 · answer #1 · answered by sir velvet 4 · 0⤊ 0⤋
Mutual Fund savings accounts can still be very liquid, have a higher yield than a CD. They are a good option for when you don't know when you will need the money and get a great return.
2006-09-05 09:12:06 · answer #2 · answered by KB 6 · 0⤊ 0⤋
Split your $50K into five $10K bundles, then pick an Aggressive International Fund, a Domestic Aggressive Growth Fund, a Broad Market Fund and a Domestic Bond Fund. You'll have good upside potential but with a degree of security,
2006-09-05 09:03:09 · answer #3 · answered by Anonymous · 0⤊ 0⤋
hmm, you have enough to buy a diverse portfolio of different stock. If you're not willing to follow the market I suggest buying into funds because it'll be diversified enough for you. ETFs are Exchange Traded Funds, and you can buy sector specific funds like Technology, Pharmaceuticals etc.,
Or you can buy individual stocks, one stock I'd recommend is Qualcomm! Good Buy! Other possibilites USO (Tracking Fund for US Oil), LVMH. You can also use some social stock picking websites such as Feelingbullish to see what others are buying. Hmm best advice is just do some research, better than asking on Yahoo!
2006-09-05 09:02:54 · answer #4 · answered by trial d 2 · 0⤊ 0⤋
Since you don't have a well-defined time period, I'd stick with a relatively conservative investment strategy something like a "balanced" mutual fund.
A balanced mutual fund is typically very well diversified and provides a good return without a terrible amount of principal fluctuation.
2006-09-05 09:28:30 · answer #5 · answered by derek 4 · 0⤊ 0⤋
Hmm, premium bonds may not pay interest but you get a one in 30 chance of winning, vastly better odds than most, and you can get the money out with a months notice.
2006-09-05 08:59:55 · answer #6 · answered by welsh_witch_sally 5 · 0⤊ 0⤋
Invest in my show
It's gonna be like a variety show about Kevin Federline and his impending rise to fame and total conquering of the pop world.
2006-09-05 08:59:41 · answer #7 · answered by Anonymous · 0⤊ 1⤋
cd's are the way to go. Bank of america right now is offering a good cd that will not be penalize if you need to retrieve the money.
2006-09-05 09:00:56 · answer #8 · answered by Mike R 2 · 0⤊ 0⤋
I would just not spend the money, save it for later use.
Sincerely,
Samantha Thompson
2006-09-05 09:01:17 · answer #9 · answered by Sam 4 · 0⤊ 0⤋
You would probably be able to buy a property to appreciate & sell for the 'best' investment.
2006-09-05 09:10:17 · answer #10 · answered by Anonymous · 0⤊ 0⤋