| 4 year turnaround, where to get max profit |
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Rossyb
New Member
Cash: $ 1.75
Posts: 8
Joined: 09 Mar 2006
Location: Buffalo, NY
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| 4 year turnaround, where to get max profit |
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Hello everyone,
In the next few weeks I will be recieving a check for $4200, and will recieve similar checks each 6 months for the next 4 years. I plan on investing this money, but I'm unsure of what the right place would be for it. At the end of the 4 years I need to have all of it available to me (within a few months at least). I was originally thinking of just puting it into CDs as the money comes in, but the best rates I can find are ~5%APY, which I can beat with my HSBC online savings account (5.05%). But I have spoken to some other people and they mentioned municipal bonds in order to avoid taxes. So I guess what I would like to know is which of these options should give me the best yield at the end of the 4 years? or is there some other option that I should consider? Maybe like a bond fund or something? I could deal with some low level risk. As you can tell I'm a bit new to this stuff, but I would really appreicate any help/advice you can give.
Thanks
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Tue Aug 29, 2006 6:02 pm |
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Kiaser
Senior Member
Cash: $ 43.05
Posts: 209
Joined: 12 Apr 2006
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The lower the risk, the lower the returns. You gotta figure that (as of now) anything over 5% isn't gonna be fixed term income and it could cause you to lose that money. If it's imperative that you cannot lose any of that money, you're gonna have to settle for 5% or lower.
Maybe split it up a bit, 60% to fixed income and 40% to growth funds (or however you are comfortable with).
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Wed Aug 30, 2006 12:01 am |
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