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re: How to invest $25K safely for 6 months but still get good return?
Posted on 7/9/14 at 1:58 am to Oenophile Brah
Posted on 7/9/14 at 1:58 am to Oenophile Brah
quote:
Vanguard Wellesley Fund
40/60 stock/bond mix. Nice quarterly dividend.
Don't do this.
I agree with the guy who said to find a promotional checking account w a good rate.
1
Posted on 7/9/14 at 2:58 am to SpidermanTUba
UCB has like 2 or 2.5% on their rewards checking. They just changed their stipulations though so I haven't got the benefit the last couple months. You have to make 15 debit card purchases over $5 and have a direct deposit I think
Posted on 7/9/14 at 6:13 am to euphemus
quote:
safely for the next 6 months but still earn a good return?
As others have noted, you can't really. The problem is that rates generally are so low right now that in order to get that kind of rate you'll have to take some risks, usually in the form of a bond that could go up or down.
quote:
borrowing about $50K from my 401(K)
Why from your 401? That usually isn't a great idea for several reasons, one being that you are borrowing pretax money and repaying post-tax.
Posted on 7/9/14 at 7:16 am to euphemus
Kasasa (sp) checking account. 2% on up to 20k with one direct deposit and ten transactions per month. Anything over 20k gets 1% if I'm not mistaken. I've got it through a local bank, but I believe other banks offer the program. When I first started it was 4%! Then down to 3% and now at 2.
Posted on 7/10/14 at 9:22 pm to KG6
Kasasa at SWLaCU pays 3.25(I think) on 15K with 1 direct deposit or bill pay and 12 card uses. 2 other banks,cu pay up to 3 with 10K and 1 direct dep or bill pay and 10 uses of card in a month. Can easily pick up60-75 per month return.
Posted on 7/11/14 at 12:25 pm to slackster
quote:
Hell, try going to the registrar office and see if you get a discount for paying for a full year in full.
I like this idea. Hell see if they can knock off just 500 bucks. You will be doing better than pretty much anything else you can do.
Posted on 7/11/14 at 2:49 pm to euphemus
the only thing I can think of for your situation is to buy high quality munis that are callable, and are in the call period but haven't been called yet. they trade at par but can have coupons of 3 or 4% and even 5% and trade in small amounts....the risk is that they can get called at any point 90 days out but since they trade at par you wont lose principal but could lost out on transaction costs...our bond desk buys these all the time however, they are hard to find but they do trade, but you have to look for them....
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