either sharebuilder, roth ira or a good bank that gives high interest. by the way if you know any good savings accounts that offer high interest that i can put money in over the net please let me know. Im thinking three years to make some decent cash and then withdrawal and start over. security of my money is a major concern.
like i said its for a short term goal. three years max
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only thing that will fit all of you needs is a three year cd and with that just shop a round — do not be surprise if the highest rate you find is 4.75!!!
The answer depends on your answers to some more questions. Is it a long term or short term investment your looking for? For short term like a savings account or emergency cash reserve use any bank savings account or money market. [there should be at least 3 months income in your cash reserve account] For longer term use certificates of deposit [cd's] . If its for retirement use good highly rated "no load" mutual funds [4 stars and up] in a Roth or 401K. Stay away from ‘exotics’ like hedge funds, if it sounds too good to be true believe me it is.—-There are a lot of other factors involved when considering retirement of funds. Like your age and comfort level with the market ups and downs. —-I like to use whats called the rule of 72. Divide the interest rate your of your investment into 72. The answer will be how fast your money will double. So an IRA earning 10% will roughly double in 7 years. Good luck!!
prosper.com
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