Compound interest for 1 yr.
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.
