What is the best way to invest or save $50,000 to gain the max interest?

Question

I don't want any risks of losses and I want for it to be untouchable for about 10+ years.

Answer 1

if you put it in simple savings at .5% to 1.5% you will lose money to inflation. Even a CD from a bank will only be about 2% for 10 years, very bad. So your dollar amount will not decrease but the buying power will be less, much less in 10years.

Inflation has been historically ~4%, more like 3% the last 15 years but don't believe it, what they use to measure inflation has changed and not in a good way.

Emigrant Direct has a savings at 5.05% or so. www.emigrantdirect.com I have one of these accounts and Suzy Orman talks about them on her show. You will just beat inflation, but you really aren't "investing" because the real return will only be about 1%. In other words you will have more money in 10 years but it will be worth about what is was when you put it in the account.

If you want to make some money then you might want to spread it around a little. Put some in emigrant direct account mentioned above. Put some in an EFT like the VTI Vanguard Total Stock witch tries to match the overall stock market. Over 10 years should have a good return like 8% to 12% with relatively little risk. In fact the risk of letting an EFT like this ride for 10 years is far less than putting it in simple savings where you will lose to inflation about 3% a year.

just some ideas hope it helps

Answer 2

A clear answer for you would be a FIXED Annuity offered directly through an Insurance Company, not a bank or broker/planner. You can get a much higher rate if you go directly through a reputable insurance company. The company I work for is offering 7% 1st year and a can go up depending on interest rates. There are no fees with most companies, and you do not pay the commission out of your money. Very safe, guaranteed, and you can get only 10% every year if you have an emergency or need it, otherwise it sits and compounds over the 10 years or however long you want it too. The taxes are deferred so it compounds better than at the bank in a CD, and it avoids probate. If you are single this is huge. Let me know if I can put you in touch with an agent or insurance co in your area.

Answer 3

1. Pay off your mortgage to have a safe roof over your head, come what may. 2. Pay off credit cards and any other debts. 3. Put $3000 in a Mini cash ISA and the same every year, either from your income or transferred from the a/c below. Leave any interest in, to compound. It will be tax free. 4. Put another £10,000 in a bank savings a/c. 5. Put the balance in the stock market, in good quality shares (called blue chips) in 5 or 6 different companies. Enjoy!

Answer 4

Another option is US Treasury Inflation Protected Securities. The 10 year TIPS currently pays about 4.6%. The advantage of these is they are adjusted for inflation. If inflation is 3%, they go up 3%. A similar product is I-bonds, also available directly from the US Government. Both are state and local tax exempt. The on-line account sign up is easy to complete. You will use a current checking account at any bank to directly transfer funds to your Treasury Direct account.

Answer 5

I know a company currently offering 10% PER YEAR WITHOUT RISK.

I really think you should take a little risk ($5,000.00 or 10%) because you could make over $500,000.00 after a decade if you invest in a decent ETF or Mutual Fund.

Top 5 Answerer.

Answer 6

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Good Luck and Best Wishes!