if i have 1 million dollars, what are the investment options and rates if i invest it in a bank?
Question : if i have 1 million dollars, what are the investment options and rates if i invest it in a bank?
please help. i need it for my school paper.
the scenario contains:
compare 2 different investment options. choose a bank and research on the different rates of the different investing options available. (savings, time deposit, etc.,) compare the 2 options by calculating for 3 different time tables you choose. be sure to research on the correct formula to be used in computing the returns.
i just need to know some rates, for banks like… HSBC or any other bank, and possibly the formula banks use. please help. thank you.
investment options
Best answer:
Answer by Invest Wisely
I will invest with bank ,they have many plans for it
i will choose like 10% profits per year..its better
but besides that, i wll use 10% of the funds to invest in other which is much higher than 10% in a here.
You can look for myfxfunds in google/yahoo search engine
My Managed Account has grown to 40% in 3 months.
and this week my account has profit 5.3%
By the way my capital is 100K but you can start with minimum 5000USD.
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#2 written by Mark 1 year ago
Firstly, you would NEVER put a million dollars in a bank; what if the bank went out of business? Since Federal bank insurance insures you for “up to $ 250,000″, if you insisted in banking your cash, you should put $ 250,000 in each of four unrelated banks.
But that would be foolish, too, since the highest return you could reasonably expect in a regular bank would be from “Certificates of Deposit” (“CDs”), and they would earn you only a few percentage points.
Your million dollars belongs in a range of Stock Mutual funds, Bond Mutual funds, and some in cash for liquidity
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