What is the best way to invest $10,000 that we will want in a little over a year?

Question

We have $10,000 to invest and will be living overseas for one more year. During that year, we would like to see that $10,000 make a little money for us if possible, so we can put it down on some property when we get back to the states. husband is military if that qualifies us for any great plan or anything... any ideas?

Answer 1

Since you are a military couple, look into CD's and money market funds within USAA. You will be eligible because of the service, and USAA is one of the top companies for insurance and credit cards, and offers many investments also (brokerage accounts, mutual funds). They are at USAA.com Of course, there are the standard options- bank CD's, Vanguard or Fidelity money markey funds; these are very safe companies. You might also look into ING short-term accounts: CD's and money market funds. They are among the highest. Go to ING.com

Answer 2

If you are not in a big hurry to immediately plug your money into something and you can afford to wait a couple of weeks I may have a very good idea for you.

Over the next two weeks I will personally work with you to teach you a very interesting strategy that will consistently generate MONTHLY returns greater than what any bank would pay you in a YEAR.

I can teach you this system for free and you can decide for yourself if it is an appropriate opportunity for some of your investment dollars. No cost, no risk, no obligation......just some free education.

http://www.15daytrial.com

Answer 3

I think the best way to invest is to see what the best investors are buying, and then buy what they buy. You can find this information at http://www.top10traders.com - this is a free site that lets you create a portfolio of stocks with $100,000 in "play" money. Each day the site ranks the best performing portfolios, so you can see how your picks perform compared to other investors. You can read posts on investing from the best traders, as well as share your own investing ideas. There is a charting feature, so you can see how your portfolio performs compared to the S&P 500. Also, you can create your own "group" so that you can see how you are doing compared to your friends.

Here are this month's best traders:

http://www.top10traders.com/Top10Standings.aspx

Good luck.

Answer 4

The safest way is a good bank. ING direct gives 4.5% interest a year, so you'll earn $450. Next are mutual funds, who will charge around $100-200 in fees but could easily give you $700-$1400. There are aggresive mutual funds you can ask for that could give you up to $6000 at a high risk, but I wouldn't recommend them unless you're an experienced investor. Good luck!

Answer 5

Check with your base credit union. Back during Nam, I got 10% on my savings account. Also check www.bankrate.com for the highest (civilian) rates on a 1 year CD. Stocks/mutual funds are not good for such a short time period.

Answer 6

You could put it in a one year cd or a savings account. CDs usually earn a little more interest and when the year comes up you can just put it in a savings account until you need to access it.

Answer 7

I suggest you to give your money to management with the purpose of trading on Forex. I did that myself and have clear opinion about that. Contact me and will tell in details. The main is that the profit you would get is much higher than in a bank and the risk is minimum.

Answer 8

I would suggest you to invest in stocks. Check the website http://money-review-site.com/shares.html
to learn more on shares and stock trading and how to select the best stocks.
Hope it helps

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

Answer 9

CDs, or high yeild stocks