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What are some short term and low to no risk investment vehicles? |
I got some money that I am going to need within a year time and I don't want to just put it in my bank (i think it has an interest of less than 1%). I heard some E-banks have rate up to like 4% now, is that true? is that something I should consider? are there other better vehicles? Thanks.... CDs are your safest bet if you want a little return with no risk. I also vote for CD's. Check around at your local banks and credit unions to make you feel most secure. I just had something similar going on and a friend told me to read this book before I got into anything. The book is called Rich Dad, Poor Dad by Robert Kiyosaki. The book educate you more on the right investments to make. If you pruchase it you won't regret it. you might consider a short term treasury bond or if three months is beyond you need window you could put the money in a money market account. From a finance point of view gov't bonds are considered risk free. Money market accounts are a little more risky but still much safer than most investments. Both of the above recommendations are ways to keep your money from loosing value but are not considered growth avenues. This information should not be followed without assessment of your needs by a licensed individual. these are just hypothetical possible investments. good luck You can look at ING Direct, a CD, Treasury Bills, or commercial paper of a company with a high credited rating such as GE. A bank or building society savings a/c pays up to 5%pa Check out the CD rates at Bankrate.com |
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