Best guaranteed short term investment options? ?
Posted by admin | Under Options Trader Monday Aug 3, 2009I have 50,000 dollars i want to invest in something with a guaranteed rate, government guarantee on my principal, and short term (2 yrs or less). Confused by CD vs. Bond vs. Municipal bond etc…
I think the market will be crummy for another 9 months – sorry all you all mighty optimists.
Cd’s are your safetest investment. They are federally insured and easy to understand.
One thing.
Please do not go through your local bank. The fees they carry for opening brokerage accounts or IRA are unbelievable.
Go through a company like Charles Schwab (my fav) or Fidelity Investments. They offer high paying cd’s on a list. Free to buy.
Never been charged any kind of fee by Schwab – never.
Both companies offer money link, so you can transfer money from your checking to them for free.
If you decide to sell your cd’s, they sell at market value – unlike local banks that will charge 6 months interest.
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I think the market will be crummy for another 9 months – sorry all you all mighty optimists.
Cd’s are your safetest investment. They are federally insured and easy to understand.
One thing.
Please do not go through your local bank. The fees they carry for opening brokerage accounts or IRA are unbelievable.
Go through a company like Charles Schwab (my fav) or Fidelity Investments. They offer high paying cd’s on a list. Free to buy.
Never been charged any kind of fee by Schwab – never.
Both companies offer money link, so you can transfer money from your checking to them for free.
If you decide to sell your cd’s, they sell at market value – unlike local banks that will charge 6 months interest.
/
References :
shop for CD at bankrate.com
References :