I don't need much liquidity for at least 5 years, so I will trade liquidity for lower risk.
Right now, the money is in government bonds (<4%APR) maturing in 15 years. (very slow)
2007-02-13 09:40:13 · 6 answers · asked by Idontknow 1 in Business & Finance ➔ Investing
Here are some more details:
I am a student, just married, no kids(yet), I rent, and want to get the highest return only because I have a pile of money that won't be needed until or if something bad happens.
thanks for the answers so far.
2007-02-13 09:54:15 · update #1
5 years is still short term (remember the stock market bubble of 7 years ago (March 2000). The S&P 500 and the NASDAQ have not recovered to their pre "bubble burst" highs yet. Try www.bankrate.com for the nations highers rates on 5 year CDs.
2007-02-13 09:48:59 · answer #1 · answered by gosh137 6 · 0⤊ 0⤋
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2007-02-14 21:30:05 · answer #2 · answered by ? 2 · 0⤊ 0⤋
Invest in what? Retirement? Roth IRAs are tax free and like if you need the money you can withdraw what you put in minus interest after 5 years, and if you put the most you can put in every year for like 20 years it builds enough interest to retire with 2-4 million dollars
2007-02-13 17:49:08 · answer #3 · answered by Benjamin 2 · 0⤊ 0⤋
Putting it down on a mortgage would be a good investment because it goes directly to the principle. Or you could try RRSPs to bring you down to a lower tax bracket.
2007-02-13 17:49:29 · answer #4 · answered by snowy 3 · 0⤊ 0⤋
Money market accounts are pretty good. Some require as little as $1000 to open them. Other banks may require larger deposits. Check with your local bank.
2007-02-13 17:48:10 · answer #5 · answered by Richard H 7 · 0⤊ 0⤋
read tips on investing, stocks and mutual funds on this site to help you more
2007-02-13 18:08:56 · answer #6 · answered by Anonymous · 0⤊ 0⤋