Someone gives you $50,000. Where do you put it right now?

[youngtrader]

In a coffee can out in your back yard, you will thank me later

 

[Bob111]

Quote from TraderAnon:

I wonder if making interest from these WorldCurrency accounts would complicate ones taxes, or do they just send you an 1099-INT?

it's looks like they located in US(or at least your money going to US address) , so -it should be just INT by end of the year.
looks very attractive imo. is there any way to check bank(such as this one) security,rating, stability, etc?

Thank you!

 

[invertedCurve]

New Zealand 6 month paper annualized 8.25% risk free return and you make $ on the dollar weakness...
Papa Roach knows what's up!

 

[Bob111]

Quote from daveb351:

Look at Muni-ETFs from your state, double tax-free and probably less risk than your big banks. Some states are yielding around 7%, that's near 10% taxable. Panic selling and more carry-trade unwinding could push yields up to the 10-12% area...that yield will suck money off the moon

A 30%+ ROI from price appreciation and high yield is not impossible(If you can buy at the bottom.). Look at some charts, they tend to historically bounce at about the same price level.

BTW: etfconnect.com's search table is sortable by yield.

muni ETF's are good, the bottom is gone, but imo-it's not too late to get in. i use to track them and create kinda like index of those ETF's. the bottom was shortly after fed start lower rates. as long as fed in this mode-they will go up. good tool imo to play fed's rates game.
i would stay way from florida,ca and ohio.

 

[jeffbrewer]

TDAmeritrade has a 3 mo CD yielding 5.3% right now.. up to 100k deposits!!

 

[Bob111]

Quote from jeffbrewer:

TDAmeritrade has a 3 mo CD yielding 5.3% right now.. up to 100k deposits!!

kinda short, but also not bad.
Thank you for info!

 

[Bob111]

Quote from invertedCurve:

New Zealand 6 month paper annualized 8.25% risk free return and you make $ on the dollar weakness...
Papa Roach knows what's up!

You earn interest in the currency of your choice and potentially benefit from appreciation against the U.S. dollar. However if your selected currency depreciates against the U.S. dollar, you could experience a loss to some of your principal deposit.

 

[gbos]

Quote from PAPA ROACH:

website-

https://www.everbank.com/

rates here-

http://www.everbank.com/001WorldCurrencyCDSingle.aspx?LinkID=Body1

Why only 2.5 - 2.6% yield on euro accounts? Most banks in Europe will give close to 4%.

 

[JOEEXEX]

look at Trust Preferred Securities of major banks most now at over 7 % and if called at par you can catch cap gains also. One i have & had is KEY-B now at 21.62 par 25. can be called 12/08 pays 7.07 % many times they can be traded in between .

 

[Tracy McGreedy]

Chinese Renminbi

Quote from Ivanovich:

I have $50,000 cash sitting in a savings account doing essentially nothing. I don't want to add it to my trading account. I just want it to sit somewhere relatively safe and earn decent interest.

Thoughts?