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Old 06-19-2008, 03:52 AM
 
655 posts, read 732,457 times
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Dollar is low and expected to go lower. Savings interest at best is 2.75%. If you had $175,000 in cash sitting in the bank, what would you do with it?

No stock market for me. Been there, done that, got in March of 2000, tech stocks, everyone was doing it, right? Got out May of 2000 30% poorer, my first and last time, NUFF said on that.

I want a safe sustainable return, best I can get in this climate. House and all debts are paid-off in full. I'm hoping there is some safe way to get at least 5%? Any ideas?
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Old 06-19-2008, 07:16 AM
 
Location: Mid-Atlantic east coast
5,372 posts, read 9,869,967 times
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Well, while certainly not a passive investment,buying rental properties in college towns usually proves an increasing investment (with good management).
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Old 06-19-2008, 12:35 PM
 
Location: Bayside, NY
823 posts, read 3,375,780 times
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Here is a web site that gives you CD & money market rates: CD Rates | Compare High Yield Certificate of Deposit Best Highest Certificates Laddering CD Rate Ladder
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Old 06-19-2008, 01:34 PM
 
Location: We_tside PNW (Columbia Gorge) / CO / SA TX / Thailand
22,632 posts, read 39,998,659 times
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Look to Vanguard - Ginny Mae or some other "income" funds

I am also considering buying some desirable commercial props, (something I can always resale if necessary) then selling them and carrying the paper
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Old 07-15-2008, 08:52 PM
 
Location: West, Southwest, East & Northeast
3,446 posts, read 6,591,275 times
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I suggest putting it in a couple of CDs for 6-12 months at a time.
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Old 07-15-2008, 09:15 PM
 
Location: Great State of Texas
86,093 posts, read 72,544,616 times
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Quote:
Originally Posted by travelmate38 View Post
Dollar is low and expected to go lower. Savings interest at best is 2.75%. If you had $175,000 in cash sitting in the bank, what would you do with it?

No stock market for me. Been there, done that, got in March of 2000, tech stocks, everyone was doing it, right? Got out May of 2000 30% poorer, my first and last time, NUFF said on that.

I want a safe sustainable return, best I can get in this climate. House and all debts are paid-off in full. I'm hoping there is some safe way to get at least 5%? Any ideas?
Well first of all I'd get 2 banks because FDIC only insures to $100K.
Don't know of anything safe at 5% though..MM's and CD's are in the 2-3 % range.
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Old 07-15-2008, 10:16 PM
 
52 posts, read 248,633 times
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Default CD'S For Us...

The best investment for us was a CD through Countrywide. They had the best rates, are FDIC insured and we didn't go over the $100K limit per person. Today's rate was 3.90% APY for a 12 mos. CD. Might check them out. Countrywide.com
Good luck to you!
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Old 07-15-2008, 11:02 PM
 
16,437 posts, read 19,147,848 times
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Quote:
Originally Posted by travelmate38 View Post
If you had $175,000 in cash sitting in the bank, what would you do with it?
I would put it in physical gold and store it where the US government can't get at it.
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Old 07-15-2008, 11:24 PM
 
Location: Out there somewhere...a traveling man.
39,553 posts, read 47,780,182 times
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I'd put it in ING and/or maybe some 12 month CD's and see what happens after the elections around the 1st quarter of 2009.
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Old 07-17-2008, 07:38 AM
 
Location: Forests of Maine
30,691 posts, read 49,476,475 times
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Quote:
Originally Posted by janb View Post
Look to Vanguard - Ginny Mae or some other "income" funds

I am also considering buying some desirable commercial props, (something I can always resale if necessary) then selling them and carrying the paper
My VFW post has money in a Vanguard fund, they are losing their shirts.

12% loss last month alone.
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