conservatively. very low or no risk investments. it is currently sitting in a CD account getting 6 percent interest. can i better this percentage ? thanks
2007-09-09 04:57:30 · 5 answers · asked by Anonymous in Business & Finance ➔ Personal Finance
thanks terri and LAL
2007-09-09 05:14:48 · update #1
Transfer the money to a money market fund. The return and risk won't change much, but there is no penalty for early withdraw.
2007-09-09 08:06:58 · answer #1 · answered by STEVEN F 7 · 1⤊ 1⤋
A CD with 6% interest is great! I'd suggest adding more to it though.
Don't put it in stocks, high risks there. That's what other people will say I'm sure.
Edit @ The guy above me: Yes, it actually is a good idea. A lot of people do it, it helps.
2007-09-09 12:04:57 · answer #2 · answered by Casey 4 · 0⤊ 1⤋
You can go to an investment counselor and put it in a low risk investments. They now offer insurance for about 1.7% that guarantees that you will never go below what you invested..... and most investors will probably make 10% or more depending on he risk you're willing to take.
2007-09-09 12:06:39 · answer #3 · answered by LAL 5 · 0⤊ 1⤋
Investment advice from Yahoo Answers good call.
2007-09-09 12:04:53 · answer #4 · answered by Anonymous · 0⤊ 1⤋
Please be happy, 6% CD is great.Don't be greedy, you will be regret.
2007-09-09 12:28:33 · answer #5 · answered by yellowhamster227 3 · 0⤊ 1⤋