investing cash
Terry, I have $75,000 open cash that is sitting in my bank account making no interest.
I have no credit card debt and no mortgage. What is the best way to invest this money?
I-bond, IRA, buy property? What is your best advice.
Terry Says
You should definitely buy the allowed $10,000 of I-bonds — assuming you won’t need this money for at least 5 years. And since you have to open a TreasuryDirect.gov account to purchase the I-bonds, you could also buy 6 month Treasury bills at the same place. Read this article to understand Treasury Bills.
