2006-10-30 05:17:13 · 10 answers · asked by Anonymous in Business & Finance ➔ Investing
An on-line bank, like, Emigrant Bank, see below. You need a standard checking account at another bank to tie to it. You'll be getting 5.05% at present.
2006-10-30 05:26:39 · answer #1 · answered by Anonymous · 0⤊ 1⤋
research investment options. Look for the how to's on share trading but more importantly something that teaches you about money management. Assuming you were wanting the know how of trading shares yourself of course).
You could always give it to the banks, CD's are the rage (so I've heard) and there are some good term deposit accounts with interest percentages you might want to check out.
Theres also the idea of flicking the lot to a fund manager to invest it into mutual funds, the benefit of this is that it is invested for you and all you have to do is pay commission (unless otherwise indicated). Its downfall is the fact that if invested properly by you, the potential of profit is far greater (with which comes more risk by the way).
Hope you find a great investment!
2006-10-30 13:32:20 · answer #2 · answered by ? 3 · 0⤊ 0⤋
It seems that having only six months that you want to invest the money that you have a specific use for the money...if that is the case, the best you should try to do is a 6 month CD...
Look around for a Credit Union or try to hit each of the big banks (Bank of America, CitiBank, Washington Mutual) and look for the "promotional" rate on 6 month CD's...
In this current market you should be able to find a CD that is paying in the area of 5.5 or 6 % for six months (2.93 or 3.27 respectivly over the course of the CD)
If you are more flexible with your six months, look at finding a Bond fund or Mutual Fund that will let you earn more like 7 or 8 if the market holds it's patterns...Just remember that you are subject to the ups and downs of the market and may not be able to withdraw the oney for profit when you need it.
2006-10-30 15:45:24 · answer #3 · answered by gnibblet 2 · 0⤊ 1⤋
I would suggest going to treasurydirect.gov. This site allows you to purchase US Govt Secs (T-bills in your case) directly from the government without commissions. The interest earned is state and local tax exempt. Currently the T-bills have been floating at 5% interest. If you were investing in a taxable account (say ING) that would mean you'd have to return almost 8% to equal the same return as the tax exempt T-Bill.s Treasurydirect also gives you the option of t-bills that mature in a month, three months or six months. If you have any additional questions feel free to drop me a line. Good luck!
2006-10-30 17:51:26 · answer #4 · answered by Steve S 2 · 0⤊ 1⤋
Your only option is a 6 month CD since any brokerage investments will have fees that will take away some capital and there is the possibility of loss.
2006-10-30 13:23:16 · answer #5 · answered by golferwhoworks 7 · 0⤊ 0⤋
You have a lot of money. Don't need to take a chance with a risky stock, don't want to lose money. You can make good money on a strong company. Put it all on ebay, you could buy at least 2000 shares. Ebay is a billion dollar company, Keeps making billions of profit, on its way up and has been higher in the past.
2006-10-30 13:30:01 · answer #6 · answered by bobcwebb 2 · 0⤊ 2⤋
for a definitive short term need as stated, a 6 mos cd or high yielding money market such as emigrantdirect.com is probably most appropriate.
2006-10-30 16:29:27 · answer #7 · answered by henry9tx8 2 · 0⤊ 0⤋
Apartment REIT - Archstone Smith (ASN)
2006-10-30 13:28:58 · answer #8 · answered by USA Patriot 1 · 0⤊ 1⤋
invest in crude index it will boost your profits.I can many more tips but its paid.
2006-10-30 13:53:43 · answer #9 · answered by mktgainers 1 · 0⤊ 0⤋
money market, CD, hard money loan- if you know anyone in need.
2006-10-30 13:32:15 · answer #10 · answered by coldradium23 2 · 0⤊ 1⤋