I do not owe anything on my house and I am selling it for 200,000 but before investing in another one, I would like to invest it for a year. would would the best way of doing that and how much would I get back in profit?
2006-12-07 22:33:41 · 5 answers · asked by nicedayrus 2 in Business & Finance ➔ Renting & Real Estate
You can put in Vanguard prime money market fund it pays around 5.10% you will earn a little over $10,000 and it is safe. Or you can go with a Citibank CD check the rates sometime they were offering 5.25 to 5.50% .
2006-12-07 22:43:26 · answer #1 · answered by ? 6 · 0⤊ 0⤋
Let's see...you could get about 1% interest in a savings account or maybe 5% in a Certificate of Deposit for one year. Mutual funds? nope, not long enough to gain a penny. Stocks? Pretty risky...you could lose. I think those 2 options are the best you're gonna do for a short term investment.
2006-12-07 22:41:21 · answer #2 · answered by Barbara 5 · 0⤊ 0⤋
In order to make sure your investment stays at $200,000 you will need to stay safe with the investment. I would suggest two CD's at two different banks. One year CD's are paying between 4.5% and 5%. this would yield you $4,500 to $5,000 per CD per year before taxes.
2006-12-07 22:38:58 · answer #3 · answered by waggy_33 6 · 3⤊ 0⤋
i would rent my house on a one year lease and see what property values net me in the year ,,,and after carefully selecting tenants even at 500.00 a month 6,000 minus txs BUT im sure in your market a 200,000.00 house would get More rent ,,then what the values in housing go up plus the rent (PROFIT) its a crap shoot but i do well with my house buying renting and selling properties and hold a few or more lol :) for bread and butter
or i would by Target dept. store stock and see what it does
2006-12-07 23:09:22 · answer #4 · answered by txtx 4 · 0⤊ 0⤋
Better not.
2006-12-07 22:36:50 · answer #5 · answered by Dr Dee 7 · 0⤊ 0⤋