I have about $30k sitting in a checking account, where should I invest it?

I am 20 years old, and have just received around $30,000 from a family member. I have school covered for about a year and half now, and I was wondering what I should do with that money to actually put it to work?
I have about $30k sitting in a checking account, where should I invest it?
It sounds like you're in college. You may need that money soon for school. Don't put it in anything that will fluctuate in value like stocks or bonds.





Break the money into 4 pieces.





Invest them in a ladder of bank CDs.





$7,500 in a 3 month CD.


$7,500 in a 6 month CD.


$7,500 in a 9 month CD.


$7,500 in a 12 month CD.





As each CD matures, re-invest it in a 12 month CD.





That way, you have a CD coming due every 3 months. If you anticipate the need of the money, don't renew it, take some out. When you graduate, some of the money can be used to set you up in a new apartment.
Reply:I would recommend putting the money into a high-yield online savings account as the first step. Then I would recommend educating yourself about the various kinds of investments out there which includes not only stocks, bonds, and mutual funds but also real estate.
Reply:you really need to invest it. Put it into a savings account. Or better yet put it into an IRA(Individual Retirement Account). That way when you do retire you'll be a billionare! You should visit Suze Orman, one of the best financial advisors...
Reply:If your looking to invest I know of a few places that will net you returns of about 50-90% per year with out any risk to your money. If you are serious you can contact me at: chrisbutler2006@comcast.net


I will send you there link so you can see for yourself or even contact them if you want.
Reply:1. you can put it in the bank and earn under 5%i ntrest.


2. There are relatively safe mutual funds around 10 % intrest.


3. The stock market historically pays better returns but its more 4. risky . Educate yourself before entering here.


5. Be a private lender . www.rpmlt.com
Reply:you must get a degree much to your advantage choosing and managing a business of your own.


try working and get experience from companies that will serve your best interest.


your still young


"only fool's rushing" what the king of rock'n roll used to sing
Reply:If it is money that you will need in the near term then a good portion of it should go to a money market fund. You will make a small but guaranteed percentage on your money. You could also invest some of it in the stock market. But money put it the stock market is at risk - meaning the value of your investment could go up or down.





If you are interested in finding out what stocks to invest in, I would suggest http://top10traders.com - this is a free site that lists out what stocks the best traders are buying and selling. You can create your own portfolio of stocks with $100,000 in "play" money and see how well your picks compare to other traders. You can also read posts from other traders to get their take on the stock market.





Good luck.
Reply:Invest in my business. I just opened a small company and looking for financer to help me grow. I am 20 too.


Online - huh_mohit


mail - mohit@impressiveleads.com
Reply:Be careful. Get to know a bit about investing before you eagerly throw your money at potential projects. Look at http://investing.hammocksurvivalguide.co...


It's got a lot of interesting and informative articles on investing. It always helps to be equipped with knowledge.
Reply:Are you paying rent somewhere? Why not use that money as a down payment on an affordable home or condo that will reduce your monthly expenses for housing. You will immediately have equity. You can get a roommate to further lower the out of pocket expenses, get tax deductions, and have security that you can pay off that mortgage completely over the next 15-30 years. Let's face it... you have to live somewhere.
Reply:you can invest it in me i am a very good investment and my stock is very high, demand for me wont go down!