2006-12-16 05:02:26 · 8 answers · asked by klp_dog 2 in Business & Finance ➔ Investing
I would reccommend putting them in an Isa
2006-12-20 04:58:10 · answer #1 · answered by Anonymous · 0⤊ 0⤋
If you want a 9% return then you need to accept risk - look at buying a stock mutual fund. It could drop by 30% tomorrow, but over 10~15 years it should provide a 9% return. If you want little risk , then you are talking CD's with a 5% return. Talk to a financial advisor at vanguard or fidelity - not an insurance agent, stock broker, or someone on the web offering safe , high returns. You probably want to distribute your money over mutual funds in different areas: US stock market index fund, International stock market index fund, and a bond index fund. You also should understand when you need this money - in 6 months or for retirement in 25 years.
2006-12-16 07:27:57 · answer #2 · answered by Bob 3 · 0⤊ 0⤋
With that amount of money you can call Fidelity and they will have you talk to an advisor for free. I just talked to somebody about the same situation with a five year time frame, and he gave me a short, medium and longer term investment ideas. Money market (5%) , bond fund (10%) etc.
Anybody offers you 9% , watch it. be careful. Don't pay any loads.
2006-12-16 07:08:55 · answer #3 · answered by zocko 5 · 0⤊ 0⤋
The only investment that might give you 9% over the long term with less risk is a mutual fund. Go to Vanguard. com they have some very good funds The Equity Income Fund does about 11% over the long term.
2006-12-16 05:30:31 · answer #4 · answered by ? 6 · 0⤊ 0⤋
a certificate of deposite(CD), a money marketplace account, a reductions account(no longer precisely my #a million recomendation) a mutual fund...identity attempt to keep 5000 or more desirable to position in a inventory even with the very undeniable truth that you fairly have adequate already...the concern with making an investment in a inventory with a small quantity of money is the transaction fee and broking service fee once you've one...i reccomend scottrade by using how...also stay faraway from penny stocks....for sure you ought to continuously start up anIRA in case you opt to retire and dont have one, the faster the more desirable ideal...those are all rather secure investments
2016-10-18 09:11:57 · answer #5 · answered by ? 4 · 0⤊ 0⤋
Depends on your need for cash. Look for instruments that are fluid.
A CD would fine but would be locked up over a fixed period of time.
Another option is a high interest-bearing MMKT (money market) account.
Again, depends on your need for cash in case anything happens.
2006-12-16 05:23:07 · answer #6 · answered by MrMojo1 5 · 0⤊ 0⤋
The best way to invest can be found at http://www.4xmoneytrain.com
You can make in one month what the banks are paying in one year.
2006-12-16 06:31:14 · answer #7 · answered by Anonymous · 0⤊ 0⤋
You could put into a CD (Certificate of Deposit). That would be a locked savings account you can't dip into untill it matures. Best thing is go to your bank and ask to talk to a financial advisor.
2006-12-16 05:12:47 · answer #8 · answered by GIOSTORMUSN 5 · 0⤊ 1⤋