- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Coaching Changes
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
Updated page 2; Want to invest 40K, no risk, with highest gain; is a CD the way to go?
Posted on 4/19/18 at 2:09 pm
Posted on 4/19/18 at 2:09 pm
I’ve got 40k in savings id like to invest. Already have a good pension building with shell, and 401K in which I contribute 10% and so does shell.
I want to invest this in the highest rate return with 0 risk. I also want to have access to it if really needed.
I don’t want to tie it up forever where i’d be penalized largely for pulling it. Also may have more in the next couple years I’d like to invest the same way.
I’m ignorant to investing and a cd is what I’m considering. If agreed, how do I find the best cd rate? I saw a few pages back someone had a 37 month at 3.0%. I cant find anything with a rate that high on line. Thanks for the help
I want to invest this in the highest rate return with 0 risk. I also want to have access to it if really needed.
I don’t want to tie it up forever where i’d be penalized largely for pulling it. Also may have more in the next couple years I’d like to invest the same way.
I’m ignorant to investing and a cd is what I’m considering. If agreed, how do I find the best cd rate? I saw a few pages back someone had a 37 month at 3.0%. I cant find anything with a rate that high on line. Thanks for the help
This post was edited on 4/26/18 at 1:22 pm
19
Posted on 4/19/18 at 2:11 pm to Tiger In the Swamp
You’re going to have to give up something. Whether it’s risk for liquidity, liquidity for risk, or return for either.
You can’t have your cake and eat it too.
You can’t have your cake and eat it too.
Posted on 4/19/18 at 2:15 pm to Tiger In the Swamp
5BTC and buckle up!
Posted on 4/19/18 at 2:40 pm to Tiger In the Swamp
quote:
no risk
Buy a CD and call it a day.
Posted on 4/19/18 at 2:45 pm to Tiger In the Swamp
You can get 1.5% money market accounts with places like Discover or Capital One. I think you might get a signup bonus of $100-200 with Capital One, too. Can pull the money anytime
Posted on 4/19/18 at 2:46 pm to Tiger In the Swamp
quote:
Want to invest 40K, no risk, with highest gain
Just stick it in a high yield savings account.
Posted on 4/19/18 at 3:06 pm to Tiger In the Swamp
You can get 1.75% on a money market account
You can get 2.75% on a 5 yr CD.
Those are the best I have seen lately.
You can get 2.75% on a 5 yr CD.
Those are the best I have seen lately.
Posted on 4/19/18 at 3:13 pm to Tiger In the Swamp
Posted on 4/19/18 at 3:24 pm to Tiger In the Swamp
Ladder them.
10k in 1yr
10k in a 2 yr
10k in a 3 yr
10k in a 4 yr
Every year, one of them matures, “roll” it into a five year.
Every year going forward you have one maturing to either reinvest or use in emergency without forfeiting interest on the whole money pile.
Google CD laddering.
10k in 1yr
10k in a 2 yr
10k in a 3 yr
10k in a 4 yr
Every year, one of them matures, “roll” it into a five year.
Every year going forward you have one maturing to either reinvest or use in emergency without forfeiting interest on the whole money pile.
Google CD laddering.
Posted on 4/19/18 at 4:30 pm to Tiger In the Swamp
State Farm Bank has a 30 mo CD paying 2.27% right now.
37 mo at 3% would be a really good deal for a CD.
37 mo at 3% would be a really good deal for a CD.
Posted on 4/19/18 at 4:38 pm to Slickback
VMMXX is yielding 1.78%. With rates going up like they are that's where I would park it especially if you need liquidity and access to it.
Posted on 4/19/18 at 7:26 pm to Tiger In the Swamp
If you want liquidity and no risk use an online savings account. You can transfer in and out however you please. Mines yielding 1.25% for my emergency fund.
IMO once you have an emergency fund in place invest your money more aggressively. There are plenty of low risk investments that will offer a decent return. There really isn’t much in the way of 0 risk that will even keep up with inflation.
IMO once you have an emergency fund in place invest your money more aggressively. There are plenty of low risk investments that will offer a decent return. There really isn’t much in the way of 0 risk that will even keep up with inflation.
Posted on 4/19/18 at 8:13 pm to xrockfordf150x
Thanks for the advice friends. As I said, I’m new to this. I really like the ladder scheme.
Rockford, wahat are some low risk, higher yield investments u speak of?
Rockford, wahat are some low risk, higher yield investments u speak of?
Posted on 4/19/18 at 8:29 pm to Tiger In the Swamp
He's talking long term.
Posted on 4/19/18 at 8:45 pm to Tiger In the Swamp
I’ve seen 1 year CDs at 2.1 recently. It would keep your investment nice and short and you can renew it as rates climb up.
I’ve also seen tax free money markets at 1.51.
Those are your best bet
I’ve also seen tax free money markets at 1.51.
Those are your best bet
Posted on 4/19/18 at 10:25 pm to Tiger In the Swamp
quote:
Want to invest 40K, no risk, with highest gain; is a CD the way to go?
Posted on 4/20/18 at 10:10 am to deeprig9
quote:
Ladder them.
10k in 1yr
10k in a 2 yr
10k in a 3 yr
10k in a 4 yr
Every year, one of them matures, “roll” it into a five year.
With interest rates on the rise I wouldn't suggest going out any further than 3 years in maturity, and personally I wouldn't go out any further than 2 years.
CD rates should continue to rise as the fed raises rates.
I'd look at a ladder like this:
6 month
12 month
18 month
24 month
- next would be 30 month
I've seen some one year CDs at 2.15% and two year CDs at 2.65%
-All that being said, this is definitely not your highest gain opportunity but it is going to go one of the safest/no risk investments available. You can't have both, it doesn't work like that.
Posted on 4/20/18 at 11:27 am to Tiger In the Swamp
Seriously, assuming you are eligible for a Roth:
Open a vanguard account, Roth account
Put in a full annual contribution in VWINX.
Repeat next year and the year after that till all 40k is “gone.” Continue adding if you wish.
You will be able to withdraw everything you put in tax and penalty free, and you can deposit that volume into your checking account in as little as a business day.
Don’t worry so much about “risking” that money. In the time you spend investing in it, it will “season” and grow. By the time you put all 40k in there, even if you have to withdraw when you are “down” 20% (which is an outrageous end of the world percentage given the bond/equity mix of the fund), you’ll still have more money than what you started with.
Open a vanguard account, Roth account
Put in a full annual contribution in VWINX.
Repeat next year and the year after that till all 40k is “gone.” Continue adding if you wish.
You will be able to withdraw everything you put in tax and penalty free, and you can deposit that volume into your checking account in as little as a business day.
Don’t worry so much about “risking” that money. In the time you spend investing in it, it will “season” and grow. By the time you put all 40k in there, even if you have to withdraw when you are “down” 20% (which is an outrageous end of the world percentage given the bond/equity mix of the fund), you’ll still have more money than what you started with.
This post was edited on 4/20/18 at 11:28 am
Posted on 4/20/18 at 12:09 pm to Tiger In the Swamp
NYL has a fixed annuity at 5%.
Page 1 of 2
Popular
Back to top
Follow TigerDroppings for LSU Football News