Money

Invest without losing principal amount!

Apple kovm58
Jan 6

I am saving money for home purchase, want to find what is best way to get maximum returns without loosing principal(My down payment) ?

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      Did you just assume a son is a male?
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    welppp

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    Let’s play some pingpong or badminton
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    Jan 60
  • Amazon / Enggooberz
    What's your timeline to buy home
    Jan 62
    • Apple kovm58
      OP
      Not sure, so I want to be flexible to pull funds anytime
      Jan 6
    • Amazon / Enggooberz
      Step 1 figure out timeline. Otherwise it's up to personal choice and risk tolerance.

      Low risk:
      ally savings account: 2%
      Ally cd: 2.75%

      Medium risk:
      Bonds such as MUB, or vbtlx

      High risk:
      Stocks + bonds. You can choose you allocation. Can always do 80% bonds 20% stocks.
      Jan 6
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    keef

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    Losing money. Not loosing. Loose is like loose belt. Lose is like lose weight. Comprendé?
    Jan 71
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    Amex savings account with 2.10%
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  • Uber / EngnYf6sJ
    1. Save the money in CD or something else
    2. Buy lottery with interest earned

    This 1) does not lose principal 2) maximize upper potential
    Jan 70
  • Microsoft *cW2x91p
    Dictionary first.
    Jan 70
  • Veritas / Other13Jija
    Savings account. Period!
    Jan 70
  • Microsoft / EngPickbot
    Savings account in an online bank - Ally, Marcus etc.
    Jan 60
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    nicebot

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  • Apple kovm58
    OP
    What is the max interest on CD, is there any penalty for withdraw ?
    Jan 61
    • Amazon / EngjNeo42
      Asking for broad advice is one thing. But then asking people to Google specific things for you is another.
      Jan 7
  • Qualcomm Anti-anti
    Which is better in terms of fees/flexibility/ATM/mobile banking : Ally or Marcus?
    Jan 70
  • Zendesk tangerine8
    Sounds like you don’t know when you want to pull the money out, so you’d likely prefer to have it all liquid. I’d probably rule out a CD in that case. Probably a high yield savings account will do, such as Ally
    Jan 70
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