fastest way to grow 60k in 6ish months
i have about 60k laying around that will be partial down payment on a house. its just sitting in savings not really doing anything. any recommendations what to do with it for the next 6ish months before i need it?
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Not if you don't want to risk principal. Buying a 6-9 mo CD may pay a bit more but we are literally talking only a few bucks.
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Agreed...with how low interest rates are there is very little to do especially with a six month window. I would look into ING Direct savings account but I don't know what kind of limitations they have (if any).
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Have you thought about investing it in a boat? lol
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Buy 60K worth of EOG.......
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start your own health drink MLM scam?
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Greek Bonds.
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Fastest way is the casino .... throw 30k on Red and hope for the best.
I know there are a few checking acounts with 3.xx% interest up to 10k, could open a few of those, but not sure when they compound, otherwise for safety sake I think CD might be the best bet |
http://www.bankrate.com/funnel/cd-in..._default_CD_V1
1%=no risk, no return |
Put all 60K on FB when the IPO is out. Sell it in 6months.
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^^ Basically 1% annually, 0.50% for 6 months = $300.
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Miguel beat me to it. Buy FB stock at Pre IPO and pray!
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Powerball.
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As others have said, your priority now should be preservation of principal. Even if you were to secure a return of 15% your annualized gain would only be $4,500. That dollar amount is not worth the risk of eroding your purchasing power.
I get clients with this question all the time. Simply put, making $ on the markets etc is all about time and making good choices. In this case you don't have much time and if you make the wrong choice that lack of time will hurt a hell of a lot. Not worth it!! |
You could just flip a couple bricks.
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^^^^ ha
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Short JPM...
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ok ill just hold on to it.
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Love nicks comment!
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