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06-19-2008, 04:52 AM
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Not a member
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Join Date: Dec 2007
659 posts, read 148,165 times
Reputation: 240
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Cash, what to do with it?
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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06-19-2008, 08:16 AM
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Senior Member
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Join Date: Dec 2006
Location: Mid-Atlantic east coast
1,299 posts, read 646,008 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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06-19-2008, 01:35 PM
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Senior Member
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Join Date: Oct 2006
Location: Long Island, NY
775 posts, read 927,587 times
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06-19-2008, 02:34 PM
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Senior Member
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Join Date: Dec 2006
Location: West Columbia Gorge PNW
2,969 posts, read 2,762,974 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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07-15-2008, 09:52 PM
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You Asked For It - You Got It!
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Join Date: Jul 2008
Location: West, Southwest, East & Northeast
3,446 posts, read 1,597,101 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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07-15-2008, 10:15 PM
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Senior Member
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Join Date: Sep 2007
Location: Great State of Texas
11,447 posts, read 4,283,892 times
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Quote:
Originally Posted by travelmate38
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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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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07-15-2008, 11:16 PM
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Member
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Join Date: Feb 2007
48 posts, read 51,070 times
Reputation: 23
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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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07-16-2008, 12:02 AM
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Vagabond
Status:
"Stay forgiven"
(set 16 days ago)
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Join Date: Feb 2008
Location: Camp Speicher, Iraq
2,170 posts, read 1,210,662 times
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Quote:
Originally Posted by travelmate38
If you had $175,000 in cash sitting in the bank, what would you do with it?
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I would put it in physical gold and store it where the US government can't get at it. |
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07-16-2008, 12:24 AM
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Helping others help themselves...
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Join Date: Jun 2007
Location: Arizona
10,189 posts, read 3,296,664 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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07-17-2008, 08:38 AM
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Senior Member
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Join Date: Feb 2007
Location: Argyle, Maine
11,904 posts, read 6,980,698 times
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Quote:
Originally Posted by janb
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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My VFW post has money in a Vanguard fund, they are losing their shirts.
12% loss last month alone. |
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