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    jetters50's Avatar
    jetters50 Posts: 24, Reputation: 1
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    #1

    Apr 16, 2012, 11:59 AM
    Savings options
    I've recently sold my home and am in a situation of not needing to purchase another right now. What are some options for me to do with the money over the next year or so that may generate some additional income? I'm not familiar with the stock market so would prefer to steer away from that. Are CD accounts a good way to go?
    ma0641's Avatar
    ma0641 Posts: 15,675, Reputation: 1012
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    #2

    Apr 16, 2012, 01:36 PM
    Although you refer to the "Stock Market", there are any number of safe, low risk mutual funds. Vanguard and T Rowe Price and Fidelity are among the best. CD's will pay next to nothing. Ginnie Mae funds, Income funds are all paying more than CD's. I am a senior, somewhat limited income and have many $$$ in mutual funds that have paid 15% this year.
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