Hi, I have some money that I would like to invest...like about $5,000 or more and am aware of some CDs that offer compound interest of about 5.5%. Does anybody know of an investment that would yield 8% or more??
Thanks in advanced for any response.
Knowing nothing else about you, no, nothing much better. Is this money invested for the longer term, 10 years +?
With return, comes risk. Right now the risk free rate is about what you quoted. JOE
For how long do you expect to leave the money invested? If it's more than ten years, then some alternatives to CDs are worth considering.
Otherwise, you need to indicate something about your risk tolerance. CDs are low risk. Generally anything paying more right now is higher risk.
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