Investment to earn more interest
I’m 83, disabled , no family but have about $15,000.00 saved while living on just 1551.00 Social Security income. I’d like to invest $10,000.00 to increase my small income rather than just hold on to it while it doesn’t accumulate any additional income. Any suggestions? I’ve just had a 6 month CD, but the current interest rate is only 3.45. % I only read the daily paper and mail on the computer and am fearful of entering a scary internet. Thanking you in advance for any advice.
Terry Says
No. No. No! You are in no position to take more risk. And higher yields ALWAYS involve more risk!
Leave your money in bank CDs. Yes, you’re getting just about 3.5% these days. Remember, it’s not so important about the return ON your money, as it is the return OF your money!
This is truly “chicken money”!
