Ok, I am opening this up to all of you.........
I have $60,000 sitting in a 12 month CD right now that comes due in August. It is currently earning about 4.90%.
The security of the low-risk CD is nice, however, part of me knows I should have it in something a little riskier.
I am about 2 years away from buying my first house, which this money is for.
I have an idea of what I want to do with it, but I wanted to see what everyone else's opinions were...............
What to do with $60,000???
June 1st, 2007 at 03:56 pm
June 1st, 2007 at 04:00 pm 1180713600
June 1st, 2007 at 04:03 pm 1180713812
Check out bankrate.com for comparison interest rates or Money magazine has a list in the back of current high CD rates.
June 1st, 2007 at 04:04 pm 1180713894
I wish home prices in No. California were comparable to home prices in Georgia!
Oh well..........
June 1st, 2007 at 04:04 pm 1180713897
BTW, I like your 75/25 outlook!!
For that short a time frame and goal specified I would do as Ima suggests and put it in a high interest money market account. I think if you keep your eye on the real estate market during the next couple of years you're liable to find yourself in a buyer's paradise and cash ready to pop off and buy sounds like a good place to be!
I'm no market timer, but the stock market is making me a bit nervous these days - I'm still in, but am letting my current retirement contributions sit in cash for awhile.
Jittery Yours, LuxLivingFrugalis
June 1st, 2007 at 04:06 pm 1180713984
June 1st, 2007 at 04:10 pm 1180714259
Have you posted your question over on the forums? Lots of savy folks over there who might have better suggestions.
June 1st, 2007 at 08:07 pm 1180728425
I told him I would put some money there if he could give me a better rate, and he gave me a 5.5% c.d. Talk to your president, he can give you a higher rate.
June 1st, 2007 at 08:08 pm 1180728536
June 1st, 2007 at 08:24 pm 1180729464
I am with http://www. fnbodirect.com and you can get 6% until the end of September for an online savings account. There is no minimum.
June 1st, 2007 at 09:43 pm 1180734183
June 1st, 2007 at 10:31 pm 1180737101
I will put my leverage to good use!
June 2nd, 2007 at 01:43 pm 1180791837
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June 6th, 2007 at 06:57 pm 1181156255
Condo's in my area still for around $200,000. My oncome would not support the payments if I live by myself and I don't really want to take on a roomie.
Plus, I'm not sure if I will be in the area a year from now.
June 8th, 2007 at 04:11 am 1181275904
June 8th, 2007 at 06:06 pm 1181326012
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June 23rd, 2007 at 09:29 pm 1182634184
I work with thousands of different financial advisors and would be happy to connect you to one in your area. I am not affiliated with any firm -- I consult for firms that want to work with financial advisors -- so I will faciliate an intro by email that will hopefully will give youa few options.
Please feel free to email me at tdickson@advisorcentric.com if you want help.
Good luck
Tom
May 19th, 2016 at 12:01 am 1463616070