$25000 in the bank?

Question

i have 25ooo grand in the bank in money market savings . how can i make it grow even more?

Answer 1

You need to do a few things, first you must assess when you will need the money. Is this your emergency fund? Will you need it for retirement, a down payment on a house or is it just short term savings? If it is an emergency fund, leave it where it is. If you have a longer horizon for when you will need the money, you have more options.

Next you need to assess your risk tolerance. You may be perfectly happy earning 25% on the money but will you sleep at night knowing you could lose 25% of the money? It is important to look at both the gain and loss when you assess the risk associated with your investments.

Low risk investments include money market funds, certificates of deposit and regular bank accounts,that is why you should leave it if it is for emergencies.

You can find many levels of risk and diversified investments with no load mutual funds. Companies like vanguard, fidelity,and American Century have many funds that you can invest in without paying a commission (sales charge for the salesperson).

Do not invest without some research with unbiased sources, do not take the advice of a financial planner who works for an investment company as unbiased, they get paid by selling you investments. You can talk to a fee only financial planner and get good advice or read up on personal finance at the library or online.

Good Luck and Congrats on accumulating that much money!

Answer 2

Put SOME of it into some good growth stock mutual funds. Leave the rest in the Money Market for emergencies.

Answer 3

Buy a globally diversified basket of ETFs and Mutual funds, splitting the sum evenly between the countries. Do Asia, Europe, Latin America, Canada, and the US.

You will get a sweet return if you are looking long term.

Answer 4

I would develop a balanced portfolio, leave a part in low-risk savings, another part or percentage in medium risk investments, and another percentage in some high risk but large return investments, the percentages are up to your discretion !!

Answer 5

i visit think of which you meant "low danger" on account that no danger isn't an decision. in case you pick low danger in equities, then i could advise making an investment in a stable agency that has shown to be stable and able to stand up to marketplace fluctuations. Examples of those shares are customary electric (GE), Coca Cola (KO), and JP Morgan (JPM). no longer in basic terms are those particularly sturdy businesses, yet GE and KO have sturdy dividends (2.2% and 3.2% respectively) and could proceed to strengthen interior the destiny. i could individually advise JPM because of the fact the main suitable one out of those 3. they're by skill of a few distance the main suitable run financial company and CEO Jamie Dimon says that he's making plans on increasing the dividend interior the quick term destiny. this could be an incredible agency and could proceed to dominate the banking sector for a protracted time. in case you pick something much less volatile than equities, then fixed earnings is your refuge. in this marketplace, you have 3 significant concepts. First, placed money into Treasury Bonds. the ten 365 days treasury is at the instant yielding 3.ninety one%. As our financial equipment improves, yield will proceed to enhance, so this may well be beautiful for you. whether, comprehend that as yields upward thrust, bond expenses will fall. Your 2d decision is to take a place in company bonds. this may well be extra beautiful to you because of the fact it facilitates you to have an lively interest in a agency without being concern to fairness danger. by skill of company bonds i advise paying for bonds from publicly traded businesses including Goldman Sacks (GS), Ford (F), and different businesses that are sturdy and are not in danger of defaulting on those bonds. The alst decision is to choose for muni bonds. the main suitable state to take a place in for it is California. to boot to being tax loose, for this reason increasing your actual fee of return, the CA Muni bonds are yielding over 5%. This has extra danger than a treasury bond, however the yield is plenty extra perfect. so some distance as a thank you to trad them, use your broking provider to accomplish those transactions.

Answer 6

Money in da bank shorty whatchu drank

Answer 7

Open a brokerage account at E*Trade.

I will help you for FREE.

I am a Portfolio Manager.

Answer 8

you can lend it out on prosper.com at high interest. way better than a CD rate.

Answer 9

invest