Re: Savings (4%) vs CD (4.6%) - which makes sense?
Aside from keeping your money with a bank, have you considered a real estate investment? With $40,000 to play with, you could buy a $200,000 condo/home (assuming 20% down.)
Then you can rent it out, and put any excess into your Emigrant account. Just a thought ~ I bought a place for a rental, and I love it. The tax write offs are wonderful, and I have a small steady stream of income. PLUS...the place has gone up over $75,000 in 2 years! I bought a new place so that the upkeep was minimal, if anything.
I'm very pleased w/my Emigrant account though - and ING. These are safe places to put your money, but I try to remind myself that they turn around and invest my money to make more for themselves. So...should I try to invest it and make more without using them as a middle man? (ING buys up a TON of real estate...how else could they afford to pay 3.4% and 4%?)
Good luck.
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