Advice for transferring out 250K+ to 'high' interest accounts?
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Thread created 02-23-2013 by D1337
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Check out ally 5 year CDs. You can do an early withdrawal and only lose 60 days of interest earned. It breaks even pretty quickly but run the numbers yourself.
Advice for transferring out 250K+ to 'high' interest accounts?
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Thread created 02-23-2013 by D1337
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Just because your funds did OK based on when you bought does not mean that is the avg or mean. the market had zero return in the decade fo the 2000s by an large. I got out of the market in my 401k...
Advice for transferring out 250K+ to 'high' interest accounts?
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Thread created 02-23-2013 by D1337
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I realize that I will be losing to inflation, there's no way to beat it unless i obviously go into severely riskier ventures; I will be looking into different options of investing after I square away...
Advice for transferring out 250K+ to 'high' interest accounts?
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Thread created 02-23-2013 by D1337
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After crunching the numbers I think ill go with LivninSC's idea, unless i come across something better, because I'll be able to break it in roughly have a year and with penalties have the same as a...
Advice for transferring out 250K+ to 'high' interest accounts?
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Thread created 02-23-2013 by D1337
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Maybe half in a High Yield Checking and Half in a Long Term CD.
5 Year $100,000 Min 1.85% https://www.bankoncit.com/
I'm sure you can find even higher CD rates if you shop around.
There...
Advice for transferring out 250K+ to 'high' interest accounts?
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Thread created 02-23-2013 by D1337
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just get amutual fund no load
Advice for transferring out 250K+ to 'high' interest accounts?
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Thread created 02-23-2013 by D1337
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I am not advocating being 100% invested in the stock market, for sure. But bonds can lose money over time also, as can cash (to inflation and taxes). Market timing tends to be a losing game, also,...
Advice for transferring out 250K+ to 'high' interest accounts?
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Thread created 02-23-2013 by D1337
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Approaching "lost decade" territory:
http://krugman.blogs.nytimes.com/2012/12/13/lost-decade-watch/
Advice for transferring out 250K+ to 'high' interest accounts?
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Thread created 02-23-2013 by D1337
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That's why it's long term investing. I went though all that also, more than once (I went along for the high tech roller coaster ride in the late 90s and early 2000s), but, invested through it all...
Advice for transferring out 250K+ to 'high' interest accounts?
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Thread created 02-23-2013 by D1337
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And if you end up hitting another one of the bubble bursting escapades when you are 5-10 years away from retirement you will not consider it such a long term investment lol. The market is a casino...
Advice for transferring out 250K+ to 'high' interest accounts?
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Thread created 02-23-2013 by D1337
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Until the market corrects and you lose10-25% of it or more lol and then wait 5+ years to make it back. Fool me once, shame on you. Fool me twice, shame on me.
Advice for transferring out 250K+ to 'high' interest accounts?
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Thread created 02-23-2013 by D1337
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Im relatively young (under 25) and dont have much banking or investing experience, so please bare with me.
I currently have over 250K sitting in a BBT money market account at a worthless .35%, I...
Advice for transferring out 250K+ to 'high' interest accounts?
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Thread created 02-23-2013 by D1337
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no idea where you live, but if you live in Northwest FL, Gulf Wind Federal Credit Union has a high interest checking acct at 2% http://www.gogulfwinds.com/page/myhigh-yield-checking
nvm, it's only...
Advice for transferring out 250K+ to 'high' interest accounts?
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Thread created 02-23-2013 by D1337
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The returns I quoted from the Vanguard funds refute your argument that buy and hold is a fool's bet. The little guy loses when he tries to play game with the market, I agree. Long term investing...
Advice for transferring out 250K+ to 'high' interest accounts?
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Thread created 02-23-2013 by D1337
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How to Find a Financial Advisor, Step by Step
http://www.pbs.org/newshour/businessdesk/2013/02/how-to-find-a-financial-adviso.html
Advice for transferring out 250K+ to 'high' interest accounts?
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Thread created 02-23-2013 by D1337
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With any of these accounts, you're almost certainly guaranteed to lose money against taxes and inflation. As others have noted above, if these funds are not for near future use (under 3-5 years),...
Advice for transferring out 250K+ to 'high' interest accounts?
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Thread created 02-23-2013 by D1337
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why lock up money 100,000 for 5 years at 1.8 percent inflation would kill it
Advice for transferring out 250K+ to 'high' interest accounts?
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Thread created 02-23-2013 by D1337
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If this money is intended to be for retirement, you should invest it in something with higher risk/reward.
You could choose one of the Vanguard Target Retirement date funds for now.
