glassynails wrote: ↑
Sat Nov 04, 2017 7:52 am
I inherited a HUGE amount of money! Of course we all know that HUGE is relative, but it's close to six figures and to me that's a pretty large amount. Anyways, what's better than simply throwing it into a savings account? I'd rather not risk any of it at this moment. What's the next best besides a savings account? I mean as far a risk vs interest.
Research TIPS (Treasury Inflation Protected Securities). Rates paid are tied to the CPI.
Last 12 months, the CPI rose 2.2% (Fed's target is 3%). My bank pays me 0.2%
However, you money will be tied up for a minimum of 5 years unless you sell on the secondary market.
Of course, there are standard Treasuries too.
CDs pay somewhat more than a savings account, but not much, and your money is tied up for the duration.