Isifhan Posted January 9, 2007 Share Posted January 9, 2007 Hope I can get some folks opinions on this. There's a good chance I'll be moving out West in less than six months...I'd say six months on the high end. I have a chunk of change I'd like to invest and get the biggest bang for the buck in the shortest amount of time (don't we all right?) The sum is about $4k-5k and I wanted to see what may be the best option as esentially I'd be using that money to move so I would need it to be accessible. CD's are hovering around 4% in NYC at the moment and am thinking that may be the best option. Any otehr advice would be appreciated. Link to comment Share on other sites More sharing options...
G.A.C.O.L.B. Posted January 9, 2007 Share Posted January 9, 2007 A pizza place that accepts pesos. Link to comment Share on other sites More sharing options...
Leonard Washington Posted January 9, 2007 Share Posted January 9, 2007 i would go with the CD or buy a package. Link to comment Share on other sites More sharing options...
TradeTheBeal! Posted January 9, 2007 Share Posted January 9, 2007 Weed, definitely weed. Link to comment Share on other sites More sharing options...
G.A.C.O.L.B. Posted January 9, 2007 Share Posted January 9, 2007 Weed, definitely weed. Na man. Crystal meth is that hot **** now. It's gonna be big on the East Coast eventually. Link to comment Share on other sites More sharing options...
cjcdaman Posted January 9, 2007 Share Posted January 9, 2007 Anything but what was recommended by the left wing nuts in the last two replies. Link to comment Share on other sites More sharing options...
TradeTheBeal! Posted January 9, 2007 Share Posted January 9, 2007 Anything but what was recommended by the left wing nuts in the last two replies. I'm not "left-wing", it just seems that way because I far more intelligent than you...like most people. Link to comment Share on other sites More sharing options...
cjcdaman Posted January 9, 2007 Share Posted January 9, 2007 I'm not "left-wing", it just seems that way because I far more intelligent than you...like most people. :laugh: You're not "left-wing"? Dude, you define "left-wing." You are a liberal nut-job. Case in point . . . your meth/coke-induced thread from the other night. :laugh: Link to comment Share on other sites More sharing options...
Enter Apotheosis Posted January 9, 2007 Share Posted January 9, 2007 Anything but what was recommended by the left wing nuts in the last two replies. Weed and drugs in general are a good short-term investment, though. Even if you are a diehard conservative, its hard to deny this. Link to comment Share on other sites More sharing options...
NOVA2Tampa Posted January 9, 2007 Share Posted January 9, 2007 Vegas...Roulette wheel...bet on black... Link to comment Share on other sites More sharing options...
Blighty Skins Posted January 9, 2007 Share Posted January 9, 2007 I heard there are some great investment opportunities involving Nigerian banks. :cool: Link to comment Share on other sites More sharing options...
Seabee1973 Posted January 9, 2007 Share Posted January 9, 2007 The best bet is to look around short term Cd wont net u much but a little bit more than a a reguler mutual fund if you can put some of that money into a longer term deal it would wield great success. Link to comment Share on other sites More sharing options...
Gallntfox Posted January 9, 2007 Share Posted January 9, 2007 Rates in my office are in the 4 percent range for a one year CD. Check around as the rates will vary from bank to bank. I sell CD's for periods as short as 30 days up to 5 years but you need to invest for at least a year to earn interest over the 4 percent range. Better option would be an interest bearing savings account in an FDIC insured bank...we currently have one with a minimum deposit of $500 that pays 4.25%. Here is an example of our current rates. Shop around and read the fine print on fees. Product Rate APY* CD 5 Year 4.45% 4.55% CD 3 Year 4.40% 4.50% CD 2 Year 4.40% 4.50% CD 1 Year 4.40% 4.50% CD 6 Month 2.27% 2.30% CD 90 Day 2.13% 2.15% CD 30 Day 1.29% 1.30% Insured Money Market Balance $0.00-$4,999 0.75% 0.75% Balance $5,000-$14,999 0.90% 0.90% Balance $15,000-$49,999 1.09% 1.10% Balance $50,000 and up 1.19% 1.20% Savings 4.16% 4.25% Checking Plus Interest 0.75% 0.75% Link to comment Share on other sites More sharing options...
ozskin Posted January 9, 2007 Share Posted January 9, 2007 Weed and drugs in general are a good short-term investment, though. Even if you are a diehard conservative, its hard to deny this. Drugs are a good short term investment.......till you get caught and get ass raped in H Division. But until then, it's worth while. Link to comment Share on other sites More sharing options...
MSJHWT Posted January 9, 2007 Share Posted January 9, 2007 With $5k to open (but any balance will keep the account open) you can open an E-Loan Savings Account online and earn 5.38% APY. With $1 to open you can open a GrandYieldDirect (Apple Bank) Savings Account earing 5.27% APY. Both are FDIC insured, and you do not have to give up liquidity. AmTrust has a 6 month CD for 5.46% APY, $1k min. With the inverted curve we have right now you won't get a higher rate at a longer term. Link to comment Share on other sites More sharing options...
MSJHWT Posted January 9, 2007 Share Posted January 9, 2007 Forgot to include links, check out: http://www.bankrate.com/ Link to comment Share on other sites More sharing options...
Isifhan Posted January 9, 2007 Author Share Posted January 9, 2007 Cool thanks for the info guys. Link to comment Share on other sites More sharing options...
iheartskins Posted January 9, 2007 Share Posted January 9, 2007 Also--consider t-bills or other low-risk alternatives... The more risk tolerance you have, the more potential upside (and downside) you'll make yourself available. Link to comment Share on other sites More sharing options...
wshngtn1 Posted January 9, 2007 Share Posted January 9, 2007 Just be sure to read the fine print on fees and commissions. Your profits could really take a hit from them. Link to comment Share on other sites More sharing options...
techboy Posted January 9, 2007 Share Posted January 9, 2007 I currently use Eloan savings, at 5.38% APY, but there are numerous good options at the moment, many of which are much better than 4% with effectively no risk (FDIC insured). I find the Fat Wallet Finance Forums to be an excellent source of information. There are a couple of sticky threads at the top that deal with the best interest rates currently available in a variety of financial products. Link to comment Share on other sites More sharing options...
Midnight Judges Posted January 9, 2007 Share Posted January 9, 2007 I'm a mutual fund guy. I know jack squat and I've done pretty well just from reading the monitor. My mutual funds run circles around my money market bank account. Link to comment Share on other sites More sharing options...
Mr. S Posted January 9, 2007 Share Posted January 9, 2007 I am trying to save up money for school again next year, I have set aside a similar amount as well. My mom wants me to invest into mutual funds, I guess they are not the biggest bang, but it would be better after a year to hold onto them. I don't know much about the market or anything, but seems like day-trading is obviously the biggest bang for your buck, and riskiest as well. Or sports betting, I wonder what the odds were on the game last night. Link to comment Share on other sites More sharing options...
Midnight Judges Posted January 9, 2007 Share Posted January 9, 2007 I am trying to save up money for school again next year, I have set aside a similar amount as well. My mom wants me to invest into mutual funds, I guess they are not the biggest bang, but it would be better after a year to hold onto them.I don't know much about the market or anything, but seems like day-trading is obviously the biggest bang for your buck, and riskiest as well. Or sports betting, I wonder what the odds were on the game last night. You will not strike gold with mutual funds but to me the low risk/reward is a good fit. The most common advice is to diversify your risk. For a young person it's good to do dabble in high risk, but also keep some $$$ in medium and low risk. Link to comment Share on other sites More sharing options...
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