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Originally Posted by grannyshirl I would buy a $125,000 certificate of deposit at 2 different banks. 
Our banks are offering over 5% now.
Conservative ,but safe investments. |
I agree, especially if you are not sure. ING has savings accounts with almost 5% yield and they have a 12 month CD with 5.10%.
Real estate WILL be a good when the foreclosures start hitting the market like they did in the 80's and early 90's, but not yet. People are just starting to feel the crunch of those adjustables they got to afford that huge house and now that rates are going up, so are their payments. SOme aren't going to be able to afford it and will try to sell and bale out, or just sink. The forclosure list gets bigger every week around here, very sad.
