the best way to invest $200,000 ?

[jcorn]

hi all, what do you think is the best way to invest 200k that you would probably need to access in about 5 years time or less to use it for a downpayment on a house?
i currently have it in a high interest savings account, growing about $900/month , but there must be a way that it can do better , is that the best i can do?
ive looked at CD's and they are not much higher as well at the moment...

[stky2000]

probably hedge a bit and put some in hsbcdirect or perhaps a balanced mutual fund such as PRWCX or OAKBX ?

another idea is to take it all to vegas and bet on roullette black and spin the wheel!

[nangel78]

You could try a Roth IRA. Those are pretty good. You can also set up a money market account as well.

[aquariancore]

Look into diversifying as you many not have to use it all at once. Also be careful on early withdrawal penalties.

[deanac24]

Maybe you can look into setting up a money market account or CD. Those will generate some interest.

[Melizzy]

Quote:

Originally Posted by jcorn

hi all, what do you think is the best way to invest 200k that you would probably need to access in about 5 years time or less to use it for a downpayment on a house?
i currently have it in a high interest savings account, growing about $900/month , but there must be a way that it can do better , is that the best i can do?
ive looked at CD's and they are not much higher as well at the moment...

Franklin income fund. Mine has netted me 20% a year for the last three years. Be diversified and don't stick it all in one place.