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Posts Tagged ‘mortage’

better way to invest money than CD or money market?

July 31st, 2010

I’m a 35yo single male, I own my own home and I have about 000 in a money market paying 4.65 apy. Also i have two CD’s each for 00 5.35% apy for nine months. My mortage is 6.74% apr ( I owe k, purchased house at k two years ago). I also have about k in a retirement mutual fund which I have calculated has paid a disappointing 5 % over the last 7 yrs. My question is this. These investments (cd’s and money markets) are super safe because of FDIC. And I like a sure thing even though I’ve heard often that when your younger u should have more risk in your portfolio than when u r older. Are there investments that would pay slighty more and be slightly more risky but not too risky. Perhaps municipal bonds? I also like the liquidity of CD’s and money market accounts so I wouldn’t want to give up all that much liquidity.