VIDEO ON MSN MONEY
I would invest it in a scientific study. My hypothesis would be somelhing like this. My body can change substance A into substance B. Then I would proceed with the study by buying food, a little at a time. I would then eat the food and wait for a day. If my body changed the food into a turd, I would proclaim my study to be successful and I might even write a book about the outcome.
1) May need it within the next year or two: 2% 5-year Credit Union CDs. Even if you have to cash it in within 6 months, the typical 3-month interest penalty means you're still getting 1% interest. NO Banks! Pick a large one with a lot of branches. They often have 70,000 free nationwide ATMs, no debit card swipe fees, no or low overdraft fees, and pay much better interest than banks.
2) May need it in 5 years: an S&P 500 Index Fund.
3) Won't need it for 10 years:
a) If you no nothing about stocks: an S&P 500 Index Fund.
b) If you've studied fundamental investing: Blue Chip, no-purchase-fee stock DRIPS like Exxon, Procter & Gamble, General Mills, Abbott Labs, and Cracker Barrel Old Country Store.
c) If you're studied technical investing: forget it and put it back in the Credit Union or Index Fund.
Copyright © 2014 Microsoft. All rights reserved.
More Market News
|There’s a problem getting this information right now. Please try again later.|
MUST-SEE ON MSN
A charcuterie master shares his process for cold-smoking meat at home.
- Jetpacks about to go mainstream
- Weird things covered by home insurance
- Bing: 70 percent of adults report 'digital eye strain'