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I sold my house. I'll be closing in a few weeks. I'll have about 200 thousand in cash once the sale is complete. I'll be renting for a year and possibly will buy another home after that. What would be the best way to invest this money for a one year period? Nothing risky though...I can't afford to lose this money.
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The 1-year US Treasury earns 0.34 as of 05/28/2010. The safest option, but probably not worth it.
A 1-year CD at a reputable financial institution would be somewhat better. You would need at least two CDs for $200,000, preferably at different institutions. -
I agree with parking the money in CDs. As long as the bank is FDIC-insured and you don't exceed the insurance limit, you are about as safe as you can get.Steve
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FDIC limit is $250,000 per person until Dec 31, 2013. So you should be good for the full amount unless you have another account there with alot in it. But even if you have a bit over the limit, the likelihood of bank failure is really really low.Originally posted by disneysteve View Post
FDIC: Your Insured DepositsComment
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Thanks for the advice! I'll stick it in CD's for the year.Comment
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