2007-03-15 07:59:15 · 5 answers · asked by chris p 1 in Business & Finance ➔ Investing
For this sum I would suggest a short or mid term length CD. 1 year to 3 years. If you get a high return a 5 year CD may be even better.
If you are looking long term (over 7 years) go with bonds. A mix of Federal EE and state/local will give a return of around 5% plus the interest is tax free on the state or local bonds. All government bonds are tax deferred until cashed in. Any other interest bearing asset will be taxed as annual income.
2007-03-15 08:11:35 · answer #1 · answered by my_iq_135 5 · 0⤊ 0⤋
There are few things that you should consider before investing.How long you want to invest for? what kind of return you are looking for income or growth.If you are looking for high returns then invest in shares.
check the link below to learn more on investing in shares.
all the best.
http://www.smart-investments.org/Investing/Investing.php
2007-03-15 10:45:11 · answer #2 · answered by Anonymous · 0⤊ 0⤋
Depends on how long you want to invest it and how much access you want to it while it is invested. If you want short term with access to your money at any time ING has a line of accounts that pay very well. ingdirect.com
If you want a longer term you can go with stocks or bonds but you have limited access to your money along the way.
2007-03-15 08:03:51 · answer #3 · answered by joeinchino2000 4 · 0⤊ 0⤋
if you live near the water buy a speed boat. Other then that it sounds like it might be good throw it in any up and comming stock... try wallmart for instance, there always thriviing
2007-03-15 08:03:02 · answer #4 · answered by Anonymous · 0⤊ 0⤋
a check to a yahoo user that you've never met!! me!
2007-03-15 08:08:17 · answer #5 · answered by CharlotteDenee 2 · 0⤊ 0⤋