Any safe investments with a little more pop besides money market funds?
I may soon be the recipient of an inhertance worth a good sum of money. I’ve figured I could live solely off the interest made from a money market account. However, what I will probably spend and probably make in interest is cutting it a little too close.
Are there any other safe investments that, with a little increased risk, can give me a little more volatility and a better returns than what money market accounts typically make (5%)?
Let’s consider a time-frame of 10 yrs., so stocks are definitely out of the question.
Thanks for your help!
Comments
"Lend" the money.
Please read article 1, section 10 of the United States constitution and buy all the $ILVER & $GOLD you can on the dips.
I use my money to work for me. I have savings-investment account that help me generate better interest rates compared to the local banks here. And with one or two percent more on your savings, this can sometimes make a lot of difference.
Learn about how money works and how to have money work for you?
August 23rd, 2010 at 12:42 am
My non-professional opinion is to not put all your eggs in one basket. Put some in what I think of as depression investments and some in bull market investments and maybe some in between. That way you will always have funds working for you so you can buy low and sell high at almost anytime. You should probably do your own research unless you decide to pay someone to do it for you.