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re: Updated page 2; Want to invest 40K, no risk, with highest gain; is a CD the way to go?

Posted on 4/20/18 at 7:12 pm to
Posted by 3morereps
The Gym
Member since Jun 2015
6735 posts
Posted on 4/20/18 at 7:12 pm to
Fixed annuity, zero risk with higher yield than CDs
Posted by castorinho
13623 posts
Member since Nov 2010
82009 posts
Posted on 4/20/18 at 7:31 pm to
quote:

Fixed annuity, zero risk with higher yield than CDs

quote:

. I also want to have access to it if really needed. 
Posted by lsurapper2
River
Member since Apr 2018
25 posts
Posted on 4/21/18 at 2:35 pm to
Whitney was running a 3% CD promotion. It is something you have to ask about in the branch.
Posted by ELVIS U
Member since Feb 2007
9918 posts
Posted on 4/22/18 at 10:16 am to
Vanguard Ginnie Mae fund. You are welcome
Posted by Blind Zebras
We comin
Member since Aug 2016
1044 posts
Posted on 4/23/18 at 1:30 pm to
CD. Lol

The phrases 'CD' and 'invest' should never be uttered together.

If you want to invest the money, then invest it. If not, go to a bank and get your guarantee that won't even keep up with inflation. And the bank will laugh at you while they invest your money and keep the difference.
Posted by Blind Zebras
We comin
Member since Aug 2016
1044 posts
Posted on 4/23/18 at 1:34 pm to
quote:

Fixed annuity, zero risk with higher yield than CDs


Is the OP 70 or 80 years old?
Posted by Blind Zebras
We comin
Member since Aug 2016
1044 posts
Posted on 4/23/18 at 1:41 pm to
quote:

NYL


It’s alway a great idea to invest with a life insurance company. Lol.
Posted by Kreg Jennings
Parts Unknown
Member since Aug 2007
3284 posts
Posted on 4/24/18 at 2:18 pm to
Lots of questions.

1. What is the money for? Long term growth? A down payment on a house?

2. Do you already have $$ in a 401K / IRA , etc?

3. Do you have any debt? Car loan, credit cards, student loans, a mortgage?
Posted by Thib-a-doe Tiger
Member since Nov 2012
35326 posts
Posted on 4/24/18 at 2:52 pm to
quote:

I want to invest this in the highest rate return with 0 risk. I also want to have access to it if really needed.


That’s called a savings account or a unicorn



Also, how are you, every client I’ve ever talked to
This post was edited on 4/24/18 at 2:59 pm
Posted by Thib-a-doe Tiger
Member since Nov 2012
35326 posts
Posted on 4/24/18 at 2:55 pm to
Are you a new Ed Jones rep?
Posted by Tiger In the Swamp
Louisiana
Member since May 2014
839 posts
Posted on 4/26/18 at 1:21 pm to
Update; Thanks to LSU rappers info and deep rigs advice, I laddered as follows at Whitney bank.
$20k 4 year cd 2.75%
$10k 3 year cd 2.5%
$10k 2 year cd 2.25%
Posted by Powerman
Member since Jan 2004
162186 posts
Posted on 4/26/18 at 1:25 pm to
quote:

Lots of questions.

1. What is the money for? Long term growth? A down payment on a house?

2. Do you already have $$ in a 401K / IRA , etc?

3. Do you have any debt? Car loan, credit cards, student loans, a mortgage?



I think people would get much better advice if they explained their financial situations and objectives here

I mean if the guy is 25 years old and he can afford not to touch it you'd probably do OK just throwing it in an index fund and go long on it
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