This is basically the right answer.

Aug 9, 2017
9:50:57am

ForzaPuma Contributor

Compare 6-month CD rates to savings rates and find the highest one. If you have higher than $250M, you may need to spread the cash around two different banks to take full advantage of FDIC insurance.

Use bankrate.com to find the best options.

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ForzaPuma

Previous username: chaden02
Bio page: ForzaPuma
Joined: Feb 11, 2011
Last login: May 6, 2024
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Messages

Author

Time

If you had a large sum of money you needed to sit on for about 6 months

kccougar

8/9/17 9:34am

How large?

Jeremy

8/9/17 9:35am

Keep it in savings.

Zach Morris

8/9/17 9:35am

Discover bank pays 1.1% on this.

crack

8/9/17 9:39am

Ally bank is paying 1.15%

CBaass

8/9/17 6:14pm

Savings?! People are predicitng another big crash. Put it under your mattress.

crazY

8/9/17 9:43am

*Couch cushion. He said he needed to sit on it, not lay on it.

foofcoug

8/9/17 9:46am

RE: Savings?! People are predicitng another big crash. Put it under your

TNT

8/9/17 9:51am

This is basically the right answer.

ForzaPuma

8/9/17 9:50am

And you needed all of the cash in 6 months' time?

Indy Coug

8/9/17 9:36am

RE: If you had a large sum of money you needed to sit on for about 6 months

coolcats

8/9/17 9:37am

Give it to me. I know exactly what to do with it.

pink22

8/9/17 9:38am

There really isn't that much you could do that is low risk and profitable.

mudpupper

8/9/17 9:47am

Find a high dividend stock (one with at least quarterly payments)

zuxvon

8/9/17 9:52am

I'm assuming the full amount is due in 6 months, so this is bad advice.

fbguru

8/9/17 10:13am

A risk for sure, but 6 months is not a long time

zuxvon

8/9/17 11:18am

Either a 6 month CD if you're risk averse or a 70/30 stock/bond portfolio.

molodyets

8/9/17 9:54am

70/30 for a six month time period?! LOL

bccoug

8/9/17 10:21am

We are definitely in bubble territory.

kolob32

8/9/17 11:13am

You get better rates in savings accounts right now

bluebloodedcoug

8/9/17 11:15am

I would just sit on it.

cougfanz

8/9/17 9:54am

Personally, I'd give it to TNT

squidmark

8/9/17 9:55am

Probably try to move it offshore through a Nigerian prince.

Six Foot Seven

8/9/17 9:56am

If I had $4 mil to "sit on", I would make sure to deposit it

Jeremy

8/9/17 9:56am

This is one thing TNT has always wondered

TNT

8/9/17 9:58am

Go out to wendover, find the BJ table that "Trixie" is dealing at

Cashmeousside

8/9/17 9:57am

don't leave it all in one checking account. FDIC only insures it up to $250,000.

HarlemCoug

8/9/17 10:05am

RE: If you had a large sum of money you needed to sit on for about 6 months

BigYfan

8/9/17 10:10am

Rght now? I would put a lot of it in digital currency. That stuff is rising really fast.

JohnnyComeLately

8/9/17 10:12am

RE: If you had a large sum of money you needed to sit on for about 6 months

IceBlueCoug

8/9/17 10:14am

RE: If you had a large sum of money you needed to sit on for about 6 months

Florwood

8/9/17 10:16am

Banana Stand. Theres always money in the Banana stand

Tare

8/9/17 10:26am

also, the banana phone

Bob Vance

8/9/17 10:51am

Put thy money to the exchangers

Styro

8/9/17 10:51am

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