I would time-ladder insured non-callable CDs. You will sleep well.
Well, one thing for sure, there's a mixture of good advice and bad advice here.
Just have to sort out which is which.
|Now in Florida|
Bingo. Money market fund is the way to go for short-term parking of cash with flexibility.
To me, parking money means you don't want to take risk with it. Stocks, bond funds and real estate all have risk.
T-bills with staggered maturities are too complicated for this amount.
Put it in a money market and call it a day.
Hookers and Blow?
Thank you for all the replies; it is time for me to digest this information. I appreciate the time all of you have taken to respond.
I will 2nd picking up some platinum, seems like a great value right now when looking at it historically.
|Be not wise in |
thine own eyes
With Tax Stamps that will put you in the $12,000 range on the low end.
For $10,000 a good investment would be a MAC 10/45 or MAC 11/9.
With availability of Lage uppers and parts these are surely to go up in value.
"This American carnage stops right here and stops right now.”
Donald Trump (POTUS) Jan. 20th 2017
"ΜΟΛΩΝ ΛΑΒΕ!" King Leonidas of Sparta
Sallie Mae $10,000 1-year CD at 2.75% APY. There are others. If you want to go a little longer, you can find 3-year at 3%. I would not go longer than 3 years.
I am going with the CD, because the rate is locked in for the term you choose, where the money market may have declined to 1.0% by October.
These low rates REALLY piss me off.
My first mortgage was at 12.75%. Now that I have money to invest, they pay essentially nothing after inflation and taxes.
I blame this on George W. Bush, the dumber, for lowering the Fed Funds rate to 1% in 2003-2004, and even lower in 2008. Obama continued this trend, robbing a generation of savers of their retirement income for over a decade.
Dances with Crabgrass
As a retired banker, I remember paying 15% or more on CDs. The other side of the coin was commercial and agricultural borrowers paying over 20% for money. It didn’t work very well. As rates softened, investors were pissed and borrowers were happy. I paid 13% to borrow money to build a house. Ouch.
How do you want it?
I'm sorry if I hurt you feelings when I called you stupid - I thought you already knew - Unknown
When you have no future, you live in the past. " Sycamore Row" by John Grisham
Liberalism is a failure to find pathways to intelligence in your brain. - David Lawrence
Primers and powder
Hell has no fury like a liberal
confronted with reality
Good point. I remember buying Treasury Zero Coupon Bonds in those days for retirement accounts. Twenty year maturity with 15 percent rate of return. Wish I had bought more.
I have always wished that I should have invested $10K when bitcoin first came out and was under $100. I am actually thinking of investing some money next year on FaceBook cryptocurrency. God Bless
"Always legally conceal carry. At the right place and time, one person can make a positive difference."
at my age?
safe deposit box
Safety, Situational Awareness and proficiency.
Neck Ties, Hats and ammo brass, Never ,ever touch'em w/o asking first
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