Ask Terry Questions Best place to invest large sum of cash. 50,000

Best place to invest large sum of cash. 50,000

By Terry Savage on October 21, 2024 | Chicken Money

Are Mutual funds a good investment
Equity,Debt and Hybrid funds. Any recommendations
Ty very much

Terry Says

The answer to that depends on your time horizon, your risk tolerance (how much would you hate losing) and your overall financial picture.
For example, if you have ANY credit card debt your best investment would be to pay that off. But if you have a mortgage at a rate less than 5%, you’d want to hang on to that.

So, if you want to write back with more details, I can give you some options.
In the meantime, keep it safe. Read this: https://www.terrysavage.com/t-bills-beat-cds-2/

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