2007-01-28 15:26:19 · 4 answers · asked by jbeck1234 1 in Business & Finance ➔ Personal Finance
A CD is the safest option, but the option guaranteed to yield the smallest gain. Other methods have the POTENTIAL to make much, much more, but only if you're willing to accept the associated risks. With such risks, there's also the chance of losing much of your investment.
Therefore, unless you like living on the edge (taking risks), the CD may be best as well as the safest.
2007-01-28 16:37:49 · answer #1 · answered by Anonymous · 0⤊ 0⤋
most cd are for 13 months or longer i would consult with a personal banker to find the best option ,possibly a money market or some sort of funding issue could be your best bet .
2007-01-28 15:41:57 · answer #2 · answered by chotpeper 4 · 0⤊ 0⤋
I would put the money in a good growth stock mutual fund with a 10 year track record of 12% or better and then drive free cars for life.
2007-01-28 16:01:07 · answer #3 · answered by tito_smootz 2 · 0⤊ 0⤋
for that short of a time period it's a high interest savings, most CD's under a year are well below this amount.
www.emigrantdirect.com currently 5.05%
2007-01-28 16:40:21 · answer #4 · answered by hogie0101 4 · 0⤊ 0⤋