CDs.
I've got about $20,000.00 in a savings (ING) account getting 1.12% - if I don't need to touch this money for 5 years, what would you suggest as the best investment that isn't terribly risky?
CDs.
How willing are you to keep an eye out and move the money around (babysit it)?
What kind of gains are you looking to make?
What is your aversion to risk on a scale from 1 to 5? 5 being that you dislike risk, 1 meaning you love risk and don't mind it at all.
Originally Posted by rezo
Do you have something set up for your kid for college? Look into the NYS 529 plan. Depending on how old she is, it may be tied up for more than 5 years, but you can set your risk; and as long as its used for school, there's no tax involved.
I have them set up for my kids, and with the most conservative plan set in motion, even with the shitty economy I'm seeing 5% growth annually. When I set it up it was closer to 10%.
If some one tells you you can make mad bank investing 20k in a new magazine DO NOT listen to them!
http://www.fvza.org/index.html
Invest in me, I'm awesome.
I'd buy a couple real dolls and make deposits every day.
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