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Where should I invest $120,000?

That sounds like a.....


Ticket to ride, white line highway
Tell all your friends, they can go my way
Pay your toll, sell your soul
Pound for pound costs more than gold
The longer you stay, the more you pay
My white lines go a long way
Either up your nose or through your vein
With nothin to gain except killin’ your brain
 
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I wouldn't put all of it into a savings account since rates are so low right now that they won't even keep up with inflation. Put a portion of it into the highest yielding savings account or long-term CD that can be found and the rest into a diversified portfolio.
 
OCGuy said:
That sounds like a.....


Ticket to ride, white line highway
Tell all your friends, they can go my way
Pay your toll, sell your soul
Pound for pound costs more than gold
The longer you stay, the more you pay
My white lines go a long way
Either up your nose or through your vein
With nothin to gain except killin’ your brain
Click to expand...

White Liiiiiiiiiiiiiiiiiiiiiiines..... blow awaaaaaaaaaaaaaaay.
(all time classic)
 
First, do you own a home. If so, how much do you still owe.
What is your tolerance for risk.

As for me, I'd pay off some on one of my houses. You wont get any guaranteed interest on your investment better than about 2% now, and anything approximating a 5 or 6% that most of us have on our homes, would carry just to much risk. The savings from tax rebate is small, ie if you pay 10k in interest on a 200k loan in a year you get back only 3k, so you really paid 7k or 3.5%.
 
chase supposedly has some 15-year CD with rates (no higher than 8&#37😉 tied to mortgage rates (30yr - 2yr - .25%)*4, i think that's the formula. currently it gives 8%.
 
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