Short term investment - What will give me the highest yield?

Question

Let's say I have $40,000 that I'd like to gain as much interest as possible in a 3-5 month period at which time I'll need to spend the money. Any ideas? Anything better than a savings account?

Answer 1

depends on how much risk you are willing to take. A CD will probably give you a better rate than savings. Some of the online savings banks like ingdirect.com have good savings rates. Investing in the market will give you the possibility of a much higher reture, or you could lose some of your principal.

Answer 2

For a safe return, go to http://www.bankrate.com for a search for some of the highest paying 3 or 6 month cd's and money market accounts.

Answer 3

If you're in the United States, I'd say that the best short term investment that you can make without tyijng up your money is a good money market mutual fund that you can buy directly from one of the better no-load mutual fund organizations. "No-load" means "no commission" because you're buying it directly from the mutual fund rather than through a commission-compensated sales person. The no-load funds also typically have relatively low ongoing expenses. Currently you can expect to earn a little more than 5% (APY) on money market funds from organizations such as Vanguard or TIAA-Cref. You can even write checks on this account - free. (Sometimes, there's a minimum amount of each check you write; Vanguard's minimum is $250 per check so you don't want to pay your tab at Starbucks with these checks.)

Call the good people at Vanguard or TIAA-Cref. They are both "non-profit" organizations, meaning their income goes back to reducing expenses fo their customers. Their websites are listed below:

www.vanguard.com
www.tiaacref.org

Answer 4

try to get a structure of derivatives where you would getting a higher return. like a long position on short maturity option . a short position on a long maturity option WITH SAME UNDERLYING !!!

if you do not understand print this and bring it to your banker !! he will tell you the risks and the returns !

if 0 risk tolerance go for a t bill

whatever you will be doing take into account that all % on ing or ... are annual so half it for a 6 months and think at your fees !!

Answer 5

Well you can try investing in some mutual funds although I usually recommend them for longer term investments.

Also you might want to check out the investing discussions at Talkgold.com but be careful:
http://talkgold.com/forum/index.php

Answer 6

I have a paypal money market account. It didnt cost a thing to get it started and my rate is 5.02% and there are no fees whatsoever

Answer 7

ING Direct pays pretty well - 4.5%
I would not look at stocks or bonds since you are looking at very short term.

Answer 8

I would recommend you to do Forex trading as it will give you fast returns.
Hope it helps.

http://money-review-site.com/investment.html

http://www.money-review-site.com

Answer 9

$4,800.00 after six months.

Top 4 Answerer.

Answer 10

CDs or weed