Sold a house and put money in a cd it will pay 3500 in a year any suggestions on what would be better without a lot of risk
2007-09-20 16:32:10 · 7 answers · asked by j male 27 1 in Business & Finance ➔ Investing
Bonds and Treasury Bills carry very low risk and very low returns. Some banks offer 5% return on savings accounts. Make sure you keep your investments for at least a year to pay a MUCH lower tax on the interest/sale profits.
2007-09-20 16:35:24 · answer #1 · answered by mishkin 5 · 0⤊ 0⤋
Well J male, just like Bob said investments carry risk, now your CD's are guarenteed but low returns. As a Stockbroker myself I get alot of these questions, so here's the answer. I assume your relatively young by your name, I would go with some good mutual funds such as FLSAX, FAVAX, FKINX. These are some really good Fidelity Funds that I have been getting my clients into for years, it's a good mix of mid cap large cap and value, agressive but not crazy. Also get some individual stocks of your choice, you will knock your home runs with them, not the mutual funds.
2007-09-21 01:41:55 · answer #2 · answered by broker90212 2 · 0⤊ 0⤋
ANYTHING is a risk but with CD's you have to tie up the money for x months unlike online banks that pay close to the cd rate you can get it out whenever.
2007-09-21 14:01:18 · answer #3 · answered by Anonymous · 0⤊ 0⤋
Can't say it wouldn't be risky but risk is how you make money. I am a big fan of (MA) Imagine for a minute if every person in China was to get a mastercard like we all have in the US. Mastercard just more than trippled profits overnight.
2007-09-20 23:37:58 · answer #4 · answered by embryriddledab 2 · 0⤊ 0⤋
X.TO, thats the ticker symbol for the toronto stock exchange, yes the exchange itself is listed. The stock is still at a good price to buy right now and the price will be on the rise with the news of the toronto stock exchange possibly buying or merging with the montreal exchange. stock also pays great dividends.
2007-09-20 23:36:25 · answer #5 · answered by Anonymous · 0⤊ 0⤋
Real Estate Its a sure bet
2007-09-20 23:38:11 · answer #6 · answered by lala 7 · 0⤊ 0⤋
I would check out http://tanddinvestments.bravehost.com for some great investing opportunities.
2007-09-21 20:26:34 · answer #7 · answered by Anonymous · 0⤊ 0⤋