JamesKim
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I'm actually looking towards investing in a short term instrument. What would be the best? or what would be recommended in terms of short term investment? Maybe a CD or money market account. Also, do I just call the institution that offers CD and/or MMA with good rates?
thanks
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Wed Mar 19, 2008 1:38 am |
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pf101
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Location: Portland, OR
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I'm not a fan of CDs but money markets can be good. Is this instead of your STAR fund investment?
Personal Finance 101
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Wed Mar 19, 2008 1:56 am |
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coaster
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With what's going on between inflation and the Fed, I think money markets are going to be pretty stinky for awhile. Looking at bankrate.com I see very few over 3.5% -- ick. 
~Tim~
Eye Candy : Why Whimsy
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Wed Mar 19, 2008 3:38 am |
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pf101
Senior Member
Cash: $ 62.25
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Joined: 12 Sep 2007
Location: Portland, OR
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I agree, the options out there now are sucky, but with short term you have limited options. It's one reason why I keep very little in cash.
Personal Finance 101
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Wed Mar 19, 2008 5:03 am |
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oldguy
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I see people puzzle with the question - 3.5% in CD, 4% in ING - the answer hardly matters when compared to your investing.
An extra 1/2% for a couple years on $10,000 is $100, that is about $60 after taxes.
Conversely, $10,000 invested for 30 yrs at 10% is $174,500. At 12% it is $300,000. That extra $125,000 will be important to you.
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Wed Mar 19, 2008 11:43 am |
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jason_simpson
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Location: London
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Liquid funds are currently giving annualized returns of 4.5 per cent to 4.75 per cent. They are better than bank deposits as there is more liquidity. In case of a bank FD, you lose some interest if you break it before maturity. Also, liquid funds are more tax-efficient.
Payday Advances | Pay Day | PaydayLoans
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Mon Jun 07, 2010 10:04 am |
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