[2shallow/majek]

Hey guys/gals this is my first time in this forum but my wife and I have some money we have been wanting to move out of our savings and have no idea where to put it with all this market stuff going on. Its not much- about 5k and we don't need immediate access to it. We are up for any options where we could make some money off it- short term, long term, low risk-high risk? Investing is far from my expertise so any help is appreciated.

 

[BondBroker]

Right now people are looking for protection of capital.



"I'm not concerned with the return on my investment, I'm concerned with the return of my investment"

-Will Rogers



I think you should be concerned with the same for the short term. Go to a safe bank and buy a short CD. You won't get much of a return but you won't lose your money. A lot of people are buying gold which I think is a bad Idea. The price of gold fluctuates up and down and you can lose money. You can take a chance and go to one of these banks that is offering higher CD rates, but if a bank is offering 5% for a 6 month CD chances are you will have to fill out your FDIC paperwork to get your money back. These high rates that some banks are offering on short term CDs are a sign of a bank that's in trouble.

 

[swtmike]

Volatile markets is where people make a lot of money, but it's also where they could loose a whole lot more. I'd play it safe for now.