Looking to invest/play with about $15,000. What will give me the best rate of return in a year's time?
I know CDs are safe, but at 1 year with the rates the way they are, I won't make much (probably $200 at best). Would sticking it in the market be better?
New to all this so please don't flame too hard
Yeah, investing in the stock market for 12 months and getting out is a suckers bet.
CD's are an absolute joke, if I'm going to not have access to my money for a year without a penalty, I expect to at least keep pace with inflation.
You can get almost the exact same interest rates with an FDIC insured Money market account, but you'll be much more liquid. (Safest option really)
There are short term mutual funds, but they suck, pretty much Municipal Bond funds, which barely (if at all) beat Treasury Bills.
Got some nuts, you can find some real estate to flip for a reasonable return, but this is a lot of work and you may not get your money out after 12 months.