If you have a financial question for The Money Guys email them at the address below:
themoneyguys@marketownership.com
The Money Guys
The No.1 Financial Advice Show in Central Pa.
If you have a financial question for The Money Guys email them at the address below:
themoneyguys@marketownership.com
I have around $25000 that I would like to invest and I would like to earn more than a bank CD without locking up my money for a long term. I listen to your show on the radio and was wondering what you would suggest?
Regards
Roland
Roland,
I want to first thank you for your interest in the show and for posting an excellent question with the current market environment we are in.
A solution to your question regarding low interest rates on money markets and certificates of deposits is to look at high-quality, short-term bond funds. It would be a slight change of mindset and different level of risk, but you can be rewarded with a higher dividend than what you’re currently receiving in a CD. This is a common strategy we utilize with clients.
Another option, depending on your tax bracket, would be to look at municipal bond funds. You can receive tax-exempt interest, along with a higher dividend than the interest on your CD’s.
If you would like more information we would love the opportunity to assist you further. You can do so by calling the office at 717-248-1577 to schedule a brief phone appointment. And thanks again for listening!
The Money Guys