| Author |
Message |
Paul (Pcelenta)
Junior Member
Username: Pcelenta
Post Number: 156
Registered: 7-2002
| | Posted on Wednesday, October 02, 2002 - 9:32 am: | |
warren, our money markets (raymond james fin)are offering the following 30 day yields:
1.03% taxable
.91% municipal
If it is over a million $ you may qualify for an institutional money fund which can squeek you a little more yield.
3.5% is going to be tough for a risk-free 6 month return...you would have to lock up for 5 years in a CD to get that kind of risk free return.
In my opinion, right now there are some good values in AAA preferred stocks that yield in the 7-8% range and don't fluctuate much. Also, an intermediate term municpal bond fund could get you in the 2-2.5% range.
|
Fred (Iluv4res)
Junior Member
Username: Iluv4res
Post Number: 158
Registered: 8-2002
| | Posted on Wednesday, October 02, 2002 - 8:29 am: | |
Warren,
I have some $ out on my home equity line. I am paying prime, which is currently at 4.75%. If you want 3.5%, I will borrow the money from you & pay down the HE line. When you want it back, I will draw on the HE line.
You will get your parameters met & I can save a % or so in the meantime. Let me know. |
Doug O (Little_o)
New member
Username: Little_o
Post Number: 21
Registered: 6-2002
| | Posted on Tuesday, October 01, 2002 - 8:41 pm: | |
Warren,
Three percent without any price fluctuation in share price sounds a little too high for only a six month holding period. Washington Mutual up here in Washington is advertising high 2.8% with a twenty-five thousand minimum. Also check out Vanguard the mutual fund family, they have a tax-free moneyfund that may also get you close when you consider the tax-free benifit both in Federal and State taxes.
|
Warren L. (Warren)
Junior Member
Username: Warren
Post Number: 122
Registered: 2-2002
| | Posted on Tuesday, October 01, 2002 - 3:41 pm: | |
Mr. Dooty,
I apologize for the O/T post. I didn't even know there was a separate section for that. Does anyone even check it? As for Bozos, I'm a Bozo too, a big dumb bozo at that (if you want to talk about investing in not interest bearing merchandise) but there's a reason why we DO and CAN pour these hundreds of thousands of dollars into these "toys", so... thought I'd get some sage advice from you masters of finance.
As for the 1031 exchange, YES, i had a few investment properties lined up and THEY ALL FELL THROUGH! and YES I TOOK A F---ing HUGE TAX HIT!
Thanks for all your posts guys. |
Mr. Doody (Doody)
Member
Username: Doody
Post Number: 495
Registered: 11-2001
| | Posted on Tuesday, October 01, 2002 - 3:09 pm: | |
and why on earth would you ask a bunch of bozos who pour tens of thousands to hundreds of thousands of their dollars into depreciating motorcars? we're the last bunch of idiots you should want investment advice from :-) :-) :-)
there are plenty of tax free bond funds paying decent returns if you want risk-free.
doody. |
Mr. Doody (Doody)
Member
Username: Doody
Post Number: 494
Registered: 11-2001
| | Posted on Tuesday, October 01, 2002 - 3:07 pm: | |
warren - please post stuff like this in the OFF TOPIC forum.
doody. |
Fred (Iluv4res)
Junior Member
Username: Iluv4res
Post Number: 157
Registered: 8-2002
| | Posted on Tuesday, October 01, 2002 - 2:48 pm: | |
Go to www.bankrate.com look under money markets. For the Jumbo's & 50k+, you can find institutions paying about 3%.
Given your parameters, you have limited options.
By the way, if you sold your investment property for another, you should have done a 1031 exchange to defer the tax bite. That would have saved you a considerable amount. Too late now, but remember this for next time!! |
Jim Schad (Jim_schad)
Junior Member
Username: Jim_schad
Post Number: 245
Registered: 7-2002
| | Posted on Tuesday, October 01, 2002 - 2:06 pm: | |
what are money market rates paying on brokerage accounts nowadays? They used to be in the 3% range, but with the market down I am not sure what they yield now.
What are rates on a 6 month CD? probably pretty low.
hell your checking account I think pays 2.5% if you want "safe" and can accept the lower rate! |
Warren L. (Warren)
Junior Member
Username: Warren
Post Number: 121
Registered: 2-2002
| | Posted on Tuesday, October 01, 2002 - 2:04 pm: | |
By the way, buying another F- is NOT an option.
Thanks! |
Warren L. (Warren)
Junior Member
Username: Warren
Post Number: 120
Registered: 2-2002
| | Posted on Tuesday, October 01, 2002 - 1:59 pm: | |
What's the best way to get a virtually risk free 3.5+% return on your money, with the following factors in mind:
1) Need to have access to it within 6 months.
2) Do not want to invest in risky mutual funds.
3) Don't want to pay ridiculous commissions.
4) Will be a (relatively) large investment.
Just sold an investment property and want to earn interest while I look for another investment.
Thanks, I'd ask my advisor, but you guys know more. |