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#1
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So what do you do with large sums of money?
I have a lot of money sitting in my checking account. I don't plan on putting it into stocks. I don't need it for 2+ years. What should I do?
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#2
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Re: So what do you do with large sums of money?
Pokerstars transfer it to "lambo_doors" and I'll send you a pic of me blowing you a kiss.
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#3
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Re: So what do you do with large sums of money?
Get a lobotomy.
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#4
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Re: So what do you do with large sums of money?
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#5
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Re: So what do you do with large sums of money?
[ QUOTE ]
[ QUOTE ] Get a lobotomy. [/ QUOTE ] love this guy. Pacific Poker [/ QUOTE ] YES!!!! One time I had trip aces! And the other guy went all in cause he had trip kings!!!! Davey davey davey......... [img]/images/graemlins/cool.gif[/img] |
#6
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Re: So what do you do with large sums of money?
If you don't need it for two years and the stock market isn't your thing I'd suggest buying a CD from INGdirect. It's basically a fixed rate savings account that you can't touch for a fixed period of time, and ING's interest rates are excellent.
Good luck, Matt |
#7
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Re: So what do you do with large sums of money?
Quote:
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#8
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Re: So what do you do with large sums of money?
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#9
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Re: So what do you do with large sums of money?
low risk mutual funds, you should be able to get about twice the return of a CD/savings account with minimal risk.
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#10
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Re: So what do you do with large sums of money?
Good point highlife. I'm actually looking at some mutual fund investments myself but I know the OP said he didn't want to invest it. However, you are right, with a low risk fund he/she can avoid the stress of "playing the market" and have a very solid rate of return on a long term investment.
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