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October 10, 2009Where Should I invest My MSN Money?
In these daunting economic times, it's hard for anything to seem safe and certain in the financial world. So after I read the expert advice on MSN.com, where should I invest my money? I'll skip the obvious jokes, that you should probably invest MIcrosoft money in things like virus protection software, and just give some concise advice on the best investment strategies, as provided by bankaholic: 1. Open money market / high interest savings accounts - minium balance required, but safe short-term profit. 2. Treasuries - fully backed by the government (for whatever that's worth nowadays). 3.Certificates of Deposit. - Guaranteed safe by your bank (for whatever that's worth nowadays). You'll have to pay heavy for early withdrawal. 4. 401k Plans - 5. Mutual funds - a little risky and brings extra fees but can be good profit. 6. Savings bonds - not much return, but no risk either For more detailed breakdown, see the link below: Posted at October 10, 2009 2:13 PM Comments
B of A has a program for people over 65 to deposit up to $250K into a CD IRA earning compounded interest, that can be withdrawn early with no penalties. As of Sept 09 it was earning 3.25% and can be renewed at a higher rate (once per year) if rates have gone up. FDIC insured up to $250K. Posted by: skip at December 4, 2009 11:15 AM Post a comment |
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Prenup & Tiger's Wife: Cha Ching!
Putin to Run Again? (Why Bother?) Fort Hood Officer & Career: Over? Bank of America & $45 Billion Payback! NASA Climate Data: Hiding The Truth? Nuns & $193 Million For Child Abuse Automakers and Closings: Hold Your Horses! Groom Updates Facebook...At The Altar! (VIDEO) Massive Star & Explosion Keira Knightley & Boyfriend: Kaput?
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Prenup & Tiger's Wife: Cha Ching! ---------------------------------------- Putin to Run Again? (Why Bother?) ---------------------------------------- Fort Hood Officer & Career: Over? ---------------------------------------- Bank of America & $45 Billion Payback! ---------------------------------------- NASA Climate Data: Hiding The Truth? ---------------------------------------- Nuns & $193 Million For Child Abuse ---------------------------------------- Automakers and Closings: Hold Your Horses! ---------------------------------------- Groom Updates Facebook...At The Altar! (VIDEO) ---------------------------------------- Massive Star & Explosion ---------------------------------------- Keira Knightley & Boyfriend: Kaput? ----------------------------------------
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