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Investment question

post #1 of 4
Thread Starter 
I am actually posting this on behalf of a family member. She has asked me to help her research this so I thought I would ask ya'll.

Ok what can you put 10,000 in or towards that will have a high yield at the end of the said 8 mths term?

She just needs it in for 8 mths than when it matures at the said 8 mths she can withdrew it and the money it earned?

Any suggestions?
post #2 of 4
Savings accounts, money markets and CD's don't have a high yield right now. Does she ever work with a broker for stocks or mutual funds? I've getting over 30% on some of my funds right now, but I get them through the broker from work.
post #3 of 4
Quote:
Originally Posted by Momofmany View Post
Savings accounts, money markets and CD's don't have a high yield right now. Does she ever work with a broker for stocks or mutual funds? I've getting over 30% on some of my funds right now, but I get them through the broker from work.
Since the money is needed in 8 months, I would call around the banks in the area for CD & Money Market rates. Anything with a broker will be tied over for a longer period of time and have a penalty for withdraw ling early. I would try a Money Market because you can add and withdrawal (within limits).
post #4 of 4
Probably best to go to a bank and talk to an investment broker.
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