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Megan C
Megan C, Certified Public Accountant (CPA)
Category: Finance
Satisfied Customers: 14066
Experience:  Licensed CPA, CFE, CMA, CGMA who teaches accounting courses at Master's Level
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so we have a few cds we have cashed in because they are not

Resolved Question:

so we have a few cd's we have cashed in because they are not making any money and we are wanting to invest it in something that is secure but can make more return the a cd? Do you have any suggestions?

THx
Submitted: 1 year ago.
Category: Finance
Expert:  Megan C replied 1 year ago.

MyVirtualCPA :

Thank you for your question, and thanks for using JustAnswer.com

MyVirtualCPA :

There are no investments that are as secure as a CD or mutual fund. That is because these types of investments are insured by the government.

Customer:

So do you have any suggestions that you may take a littler more risk but not as risky as the bullish stock market

MyVirtualCPA :

Well you could invest in mutual funds that follow the S&P 500

MyVirtualCPA :

The S&P 500 is full of solid companies

Customer:

and where would I go to invest this a bank? or a stock broker or can you do this on etrade

MyVirtualCPA :

You could do it on eTrade

MyVirtualCPA :

or any of the major brokerage firms

MyVirtualCPA :

Here's an example:

MyVirtualCPA :

https://personal.vanguard.com/us/funds/snapshot?FundId=0040&FundIntExt=INT

Customer:

it seems like etrade is 9.99 In and out and the broker takes a percentage of interest on your investment. putting 100,000 in something like that with a broker seems crazy when they take 4% right away

MyVirtualCPA :

Yes, I know....You can open up your own Vanguard account too and invest in that fund I just linked to

Customer:

ok thx...I will look at that!

MyVirtualCPA :

You're welcome.

MyVirtualCPA :

Is there anything else that I can assist you with today?

Customer:

not for now...just not a good investor and don't want to regret putting in something that is a loser.

Customer:

Thank You!

MyVirtualCPA :

I understand.

MyVirtualCPA :

If you would, please rate my response as "excellent" so that I may receive credit for assisting you today

Customer:

ok

MyVirtualCPA :

Thanks!

Megan C, Certified Public Accountant (CPA)
Category: Finance
Satisfied Customers: 14066
Experience: Licensed CPA, CFE, CMA, CGMA who teaches accounting courses at Master's Level
Megan C and 4 other Finance Specialists are ready to help you
Expert:  Megan C replied 1 year ago.
Thank you Kristy for your positive rating. Please come back and visit MyVirtualCPA for any of your tax, finance, or social security needs. IT was a pleasure working with you today.

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