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Where to park $10k that's low risk?

Posted on 12/3/21 at 6:46 am
Posted by SirSaintly
Uptown, New Orleans
Member since Feb 2013
3136 posts
Posted on 12/3/21 at 6:46 am
My cousin mentioned that he has about $15k sitting in a savings account. I told him he'd be better off putting $10k in a more high yield option. He is 51 though and wants low risk. Not sure where to tell him to put it?

Posted by jamiegla1
Member since Aug 2016
6989 posts
Posted on 12/3/21 at 7:19 am to
someone had a thread about I Series bonds. above 7% right now. I put $10K in it the next day
Posted by deltaland
Member since Mar 2011
90679 posts
Posted on 12/3/21 at 7:25 am to
SLI stock
Posted by DawgCountry
Great State of GA
Member since Sep 2012
30557 posts
Posted on 12/3/21 at 7:26 am to
ZOM
Posted by CajunTiger78
Member since Aug 2017
2528 posts
Posted on 12/3/21 at 7:26 am to
QQQ may be a good option to look into. If you want a little more risk but potentially a huge upside I would go with NVDA.
This post was edited on 12/3/21 at 7:29 am
Posted by el Gaucho
He/They
Member since Dec 2010
53019 posts
Posted on 12/3/21 at 7:45 am to
Whsi

ETA: ibgr
This post was edited on 12/3/21 at 7:47 am
Posted by Lazy But Talented
Member since Aug 2011
14450 posts
Posted on 12/3/21 at 8:15 am to
(no message)
This post was edited on 12/3/21 at 8:15 am
Posted by ellishughtiger
70118
Member since Jul 2004
21135 posts
Posted on 12/3/21 at 8:20 am to
QQQ, RSP or buy the DKNG dip (I kid, I kid)

Would $10k be enough to park into a credit suisse index fund?
Posted by ForeverLSU5
Member since Mar 2019
1977 posts
Posted on 12/3/21 at 8:24 am to
XDOGE
Posted by jamiegla1
Member since Aug 2016
6989 posts
Posted on 12/3/21 at 8:39 am to
Posted by King
Deep in the backwoods
Member since Sep 2008
18426 posts
Posted on 12/3/21 at 9:07 am to
quote:

Not sure where to tell him to put it


Obligatory

PIIHB
Posted by glorymanutdtiger
Baton Rouge
Member since Jun 2012
3793 posts
Posted on 12/3/21 at 9:32 am to
Did the same. Parked 20K in Series I bond
Posted by lynxcat
Member since Jan 2008
24159 posts
Posted on 12/3/21 at 9:36 am to
How long is this going to be invested? There isn’t a low risk asset class that is delivering decent returns at this moment. If he is only parking for a short time, then keep it in a high yield savings account. If investing for a longer time window, then probably easiest to do a target date fund or VTI
Posted by skewbs
Member since Apr 2008
2008 posts
Posted on 12/3/21 at 9:38 am to
quote:

someone had a thread about I Series bonds. above 7% right now. I put $10K in it the next day


How easy was it to initiate? Is the only way through the Treasury Direct website (ie. not going through a brokerage like TD Ameritrade)?
Posted by jamiegla1
Member since Aug 2016
6989 posts
Posted on 12/3/21 at 9:51 am to
It was surprisingly easy. I did it all on my phone in about 20 minutes. Yes you have to go through treasurydirect.gov
This post was edited on 12/3/21 at 10:17 am
Posted by METAL
Member since Nov 2020
1039 posts
Posted on 12/3/21 at 10:16 am to
HEX
Posted by wutangfinancial
Treasure Valley
Member since Sep 2015
11120 posts
Posted on 12/3/21 at 10:23 am to
quote:

risk


These kids have run off all the posters that know what this word means
Posted by down time
space
Member since Oct 2013
1914 posts
Posted on 12/3/21 at 10:29 am to
throw it in the safe
Posted by UltimaParadox
Huntsville
Member since Nov 2008
40861 posts
Posted on 12/3/21 at 10:35 am to
quote:

These kids have run off all the posters that know what this word means


Market only goes up
Posted by RedHawk
Baton Rouge
Member since Aug 2007
8851 posts
Posted on 12/3/21 at 12:51 pm to
Thanks for this! Been looking for something exactly like this. Just put in $10k.
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