Ask Terry Questions Compound interest for 1 yr.

Compound interest for 1 yr.

By Terry Savage on August 12, 2018 | Chicken Money

I have 64k that I would like to invest ‘PROPERLY’ specifically something with a high compound interest for 1 yr. What would you suggest? Also just in general, how would you invest 64k specifically to acquire a good ROI?

Terry Says

That all depends on how much you are willing to lose! With such a short-term time horizon, I’d suggest just buying U. S. Treasury bills, of 6 months maturity and rolling them over for another 6 months when they mature. Go to www.TreasuryDirect.gov to open an account. And to understand how T-bills work read this recent column.

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