What is the best way to earn on $1000 in 6 months to a year. Even two years, I suppose. It does not have to be liquid. I know little about stocks. Is a CD my best option?
2007-09-08 14:54:42 · 3 answers · asked by urbanavatar 1 in Business & Finance ➔ Investing
Right now- Yes; CD's are the WAY to go. But don't take one that runs for longer than a year just now... The rates are pretty similar up & down the time scale- so you might as well "go short"- & see how things stand for reinvesting NEXT Fall (Oh, & you might ALSO want to check out Internet Savings Accounts... Some of them have GREAT rates- and you have alot of flexibility in taking that money OUT- if something comes up. Check out "ING Direct" That ones pretty good). :)
2007-09-08 15:10:25 · answer #1 · answered by Joseph, II 7 · 0⤊ 0⤋
A CD might be your best insured option, especially with an online bank like ING Orange Savings, but you can get a better return as a rule on money market accounts, which are almost as safe, and do not require a penalty if you need your money sooner.
2007-09-08 15:25:15 · answer #2 · answered by Richard E 4 · 0⤊ 0⤋
US Treasury bonds. The only true "low risk" investment in the world. www.treasurydirect.gov .
2016-05-19 23:36:11 · answer #3 · answered by Anonymous · 0⤊ 0⤋