Financial Information
I want to put funds in a money market , bond or CD (online)?
Question : I want to put funds in a money market , bond or CD (online)?
I have $ 10000 I want to put in a low risk security….since I need the money in 1 year. I’m thinking of a money market, bond or CD. Of course I want the highest return possible. Is there a place I can invest this money online? Or a website where I can get updated information on these securities? Thanks!
online money market
Best answer:
Answer by mylilbubbers
I think bankrate.com is the best for your purpose. Good luck
CD & MM is the lowest risk, and also the lowest return.
You have enough to diversify, so consider putting something (as little as even $ 1000, which is 10%) in buying commodities like gold and silver.
Check yourself how much the price of gold and silver has gone up. If the same happens again, 10% of your money gains at least 30%. That means you made 3%. (you’ll still have the 3% of the 90% of the money you put in CD)
So if you put it all in CD, you’d have 3% total.
If you put some in silver and nothing happens you still make 2.7%
But if the same happens in silver, you make 5.7%-6% (or more)
Make sense?