So what do you do with large sums of money?

[tongni]

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?

[shant]

Pokerstars transfer it to "lambo_doors" and I'll send you a pic of me blowing you a kiss.

Get a lobotomy.

[EStreet20]

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

[thatpfunk]

[stoxtrader]

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

agreed - just spend a bit of time on bankrate.com looking at rates. and remember you are sacrificing liquidity for return.

[highlife]

low risk mutual funds, you should be able to get about twice the return of a CD/savings account with minimal risk.

[EStreet20]

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.

[imported_stealthcow]

[ QUOTE ]
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?

[/ QUOTE ]

lend it to random people at casinos

stealthcow-

[Guthrie]

Move up.