I'm a freshman at college and I just received $10,000 from a matured bond given to me by my late great-grandfather. My 4th and 5th years of college (it's a 5-year school) will be spent entirely in Germany and my family and I have decided that the money will be used for expenses during my stay there. I don't want to leave the money sitting in a savings account, so what is the best way to put that money to work for me? I have 3 years until I will need it so what should I do with the $10,000 that will yield me the most money after 3 years?
I wouldn't put it in the market -- you want to try and keep it safe so your $10k doesn't turn into $6k.
As unappealing as this might be I think a CD might be your best bet. There isn't any good place to get yield, right now and if you need it in 3 years that isn't really a very long time. At least at the end of 3 years your $10k will still be available for you.
Good Luck
Best way to invest 10k for 3 years
what if your money made you 1 - 10% or 10% to 200% per month
with no risk at all,what if you dont need to work and just enjoy life
what if you can watch your wealth growing while you are having fun
visit
www.myfxfunds.com
www.hgnfx.com
or google for forexearocks
The safest thing would be to put your money in a CD or a money market fund. You are only going to get 2% but it is better than nothing. Another option is to invest it into an online savings account. Some of them are still yielding 3%.
Buy a car, then, with the money you have left over see if you can get the money you spent on buying the car back, by investing in lottery tickets.
I would put have in a Roth IRA into a good mutual fund with a long track record (I like FAIRX or AEPGX) and the other 5% in a CD or money-market account.
Too many people have an all-or-none approach.
Good luck!
The URL below has some ideas to invest without putting your money into the market.
honestly if i were you i'd put them in stock market but not right now or the next couple months
invest in technology especially wireless sector
48% per year in Mexico. ($4,800.00 USD every year)