I have approx $30,000 invested earning 3.5%. I can take this money out at any time without a penalty. The highest rate I have seen for a CD is 5.75% for 1 year. Any other suggestions where to invest this money for a secured return and still be able to take out the money without a penalty? Stocks? Bonds? What do you think?
2006-09-29 16:04:27 · 8 answers · asked by a_wjewelry 1 in Business & Finance ➔ Investing
It depends what are your investment objective is. Do you wish to invest for long term? Then you should invest in mutual funds. You should pick mutual funds that has performed well in past 10 years, has a low turnover rate, has an experience portfolio manager, and has a good rating. Mutual funds has perform an average rate of 10-14% in the past 25 years.
If you want higher returns, you need to take riskier investments. If you want low returns, then you need to invest in conservative investments.
2006-09-29 16:12:34 · answer #1 · answered by Anonymous · 2⤊ 0⤋
l was in the same boat, and went and saw a financial planner, who put me onto McKenzie mutuals. There are a few that have not paid less than 8% in each of the past 10 years. Just have to watch how the planner wants to get paid. Make appointments withat least four of them, and DO NOT commit to anyone till you have seen the 4th. They all sound good. Don't go with the first one.
2006-09-29 23:22:06 · answer #2 · answered by krisueras 1 · 0⤊ 0⤋
if you are to invest there are things to consider about yourself
1. your age 18-30 invest in high return moderate risk
30-45 moderate return low risk
45-retirement market return with market risk
after retirement invest with a capital preservation fund
Stocks offer can offer high returns or low to moderate returns which ever risk level you are willing to take.
You can always invest in T-bills for the risk free rate which i think is about 4.5%
A CD can tie your money up so if you require your assets to be as liquid as possible then invest in large cap stocks or bonds.
2006-09-29 23:17:59 · answer #3 · answered by Joseph M 2 · 0⤊ 0⤋
GMAC Demand notes pays 6% right now, and you can take this money out at any time - in fact they'll give you a checkbook and you can write checks, minimum is $250 for a check.
2006-09-29 23:08:25 · answer #4 · answered by Anonymous · 0⤊ 0⤋
Diversify. And take a peek at www.quarantz.com. They offer free personal financial plans (naturally with the hope you will be a client later on) and can show you different kind of possibilities.
2006-09-30 03:10:10 · answer #5 · answered by Patrick L 3 · 0⤊ 0⤋
you shouldnt put all yr eggs in one basket as the saying goes. read tips on investing and stocks to better help you on this site
2006-09-30 00:20:06 · answer #6 · answered by Anonymous · 0⤊ 0⤋
That's a pretty good rate, make sure the bank is in the FDIC.
2006-09-29 23:09:06 · answer #7 · answered by Rabbit 7 · 0⤊ 0⤋
You can obtain at least 10% on any decent mutual fund.
2006-09-30 19:51:25 · answer #8 · answered by Anonymous · 0⤊ 1⤋