What's the best place to put it for maximum interest gain?
2007-09-06 18:04:11 · 5 answers · asked by Hmm? 2 in Business & Finance ➔ Personal Finance
I know for sure I have that much to invest but I'm not sure WHAT TO DO WITH IT......... ?
2007-09-06 18:10:58 · update #1
E*trade offers 5.05% for a savings account... Not a CD where your money is tied up.
2007-09-14 06:31:29 · answer #1 · answered by Conalrad 2 · 0⤊ 0⤋
What are your overall investment objectives? What risk are you willing to accept? What is your monthly cashflow (income-expeses)? Do you have a 3-5 month emergency fund? What is your networth (Assets- Liabilities)? Do you want to invest in growth investments or cash investments that produce monthly or quarterly income? Do you want to invest it long-term or short term?
You can make 1%, 4%, I have heard of 15%, 25%, and even 40% with the right system and investments.
I would talk to a few financial advisors who will help you create a plan that fits your financial goals and objectives.
2007-09-06 18:40:28 · answer #2 · answered by Anonymous · 0⤊ 0⤋
Consider HSBC Direct money market rate of 5.05%, or some credit unions paying 6% on a 6 month CD.
2007-09-06 18:11:50 · answer #3 · answered by RHJ10 2 · 0⤊ 0⤋
Many offer 4-6% APR on CD's. Do a search on the internet.
2007-09-06 18:09:45 · answer #4 · answered by Goodhead 3 · 0⤊ 0⤋
I would look into emigarentdirect.com. They are offering 5.05% for their savings account.
You can go to bankrate.com or fatwallet.com (Finance Forum) and look for CD rates.
2007-09-06 18:35:01 · answer #5 · answered by Tim 2 · 0⤊ 0⤋