FAQ: What should I do with $16000 to generate the greatest return at ...

Q: What should I do with ,000 to generate the greatest return at little/no risk in time period of 1 year?

I have around $ 16,000 that I am not current using, but may require in around a year so I will need to be able withdraw it at that time (please don?t suggest 5 year bond, etc).

I am asking for a stable and low-risk investment vehicle that can show a decent rate of return. Should I get a 1 year bond, invest in gold, buy a GIC, put it in a high-interest savings account, etc?

Goldsenze Answer:

What your asking is an oxymoron: ?greatest return? yet ?little/no risk.? Those two don?t go together. If you need it in a year, put it in a 12 month CD.

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