I need financial help...$100,000 involved

[Svnla]

Rewards checking accounts will get you 3-4% but you need to do a bit of work, many require a direct deposit and X number of debit transactions.

Reward checking accounts will NOT let you put 100K in there. The most you can put in is about 35K or so. Trust me, I already tried.

 

[dullard]

2% savings accounts http://www.fatwallet.com/forums/finance/783099/
4% rewards checking http://www.fatwallet.com/forums/finance/775437/

Just a quick note that to get 2%, you'd have to use three different accounts. That is since each bank on that list has a $35k max to get the 2%. Otherwise, he'll just be getting 1.35% on average for the full $100k. For savings, that Everbank special at 2.51% seems the best for such short-term needs.

Similarly for the 4% checkings, there are caps. You'd again need multiple accounts each with many requirements. Thus, it would be quite a hassle to meet all the requirements on all accounts.

 

[classy]

I would probably spilt it up into several CD accounts that compound daily if you don't have to tap the money.

 

[HelloWorl]

And you came to ATOT with this question......

Yes, I'm sure you're going to have a great future financially.

Why do you say that?

 

[lothar]

You can always buy Greek bonds and hope they get bailed out by the ECB/EU.
I hear their 2 year bonds are yielding 14% interest.

 

[HelloWorl]

14%? How does one purchase a Greek bond?

 

[LegendKiller]

Take the $100K and feed it to the paper shredder. Why ? You are asking on an internet forum how to invest $100K ? Take any advice extremely carefully , never know when someone is pointing you towards a scam.

Instead call up or email the different investment companies and banks that have high customer ratings to see what you can get.

Yeah, gosh, there can't be anybody intelligent in financial matters on an internet forum.

Personally, I have an MBA in finance and my CFA charter. I work at an i-bank.

There's plenty of people here with little/no formal education that are very intelligent when it comes to investing.

What about you?


As far as the OP's question. I would invest the cash into a government bonds or a trustworthy high-yield CD (FDIC insured of course), or a high-yield savings account.

At this point there is no need to take any volatility risk on your cash. The reward you get won't be much but you aren't taking much risk either.

 

[LegendKiller]

Ever heard of a financial planner? See one.

Inquire about bond funds. While not 100% safe, you're not going to lose a bunch of money in a day, or anything, and it will be liquid.

The problem with a bond fun is that there is also mark-to-market on it. Thus, if bond prices swing, your fund value goes down (or up) when you want to redeem. If he chooses specific bond maturities matching his own maturity horizon he won't face that.

 

[TehMac]

wwybywb?

hahahaha

 

[totalnoob]

Physical silver.

[/thread]

 

[HelloWorl]

hahahaha

Pardon?

 

[HelloWorl]

Physical silver.

[/thread]

Haha, what?

 

[JS80]

Haha, what?

http://www.gainesvillecoins.com/pro...rEagleS1(BrilliantUncirculated)Condition.aspx

 

[disappoint]

Is it just me or does this thread title "I need financial help $100,000 involved" remind you of "I need someone to go back in time with me, bring your own weapons. I've only done this once before"

 

[HelloWorl]

Is it just me or does this thread title "I need financial help $100,000 involved" remind you of "I need someone to go back in time with me, bring your own weapons. I've only done this once before"

It is just you.

 

[Ballatician]

How safe are foreign savings accounts? Some of those yield more than 2-3% last I read.

 

[HelloWorl]

How safe are foreign savings accounts? Some of those yield more than 2-3% last I read.

Which foreign nation?

 

[The Green Bean]

I can't believed nobody mentioned gold. Prices are rising; it's risk free and very liquid.

 

[LegendKiller]

I can't believed nobody mentioned gold. Prices are rising; it's risk free and very liquid.

lol, "risk free".

Anything that goes up can, and often will, go down.

Wasn't housing, for something like 200 years on a national level, "risk free" also?

Let me go back into my time machine in 2004, I bet I can find millions of people screaming the same thing.

Hey wait, I can go back to 1981/2 and find the same thing being said about gold. It was at 800+ and was "risk free". Too bad it plummeted.

 

[alkemyst]

Mine is down to 2.x%.

they usually cap the payback folks.

 

[Ballatician]

I can't believed nobody mentioned gold. Prices are rising; it's risk free and very liquid.

Oh really?

Which foreign nation?

Maybe India, China, Brasil?

 

[JMapleton]

Saving accounts? LOL You will barely keep up with true inflation and the cost of living.

 

[HelloWorl]

Saving accounts? LOL You will barely keep up with true inflation and the cost of living.

So what should I do?

 

[dpearson]

So what should I do?

Increase your risk tolerance so you can get a return that's greater than the inflation rate.

Use this site to get the current inflation rate. http://inflationdata.com/inflation/Inflation_Rate/CurrentInflation.asp

 

[God Mode]

Open a dirty diner with fat pregnant waitresses.