Any investment experts

[CrashTest]

Suppose a person had about $200,000 basically sitting under his mattress. I wonder if there's a place to put that kind of money where it can be accessed anytime but, earn more interest than the lame 0.50% paid by a typical savings account?

 

[tommyjo]

Naturally, an internet site where the majority of posters use fake names is the most appropriate place to ask a question of such immense personal importance.

 

[Chris0nllyn]

Naturally, an internet site where the majority of posters use fake names is the most appropriate place to ask a question of such immense personal importance.

So, is your name Tommy, or Jo?

I guess it could be Tommyjo as well, if you live in St. Mary's.

 

[Gilligan]

Naturally, an internet site where the majority of posters use fake names is the most appropriate place to ask a question of such immense personal importance.

Do you make good sammiches? I bet you do.

 

[CrashTest]

Naturally, an internet site where the majority of posters use fake names is the most appropriate place to ask a question of such immense personal importance.

It's not hard to tell you lives in their parent's basement and who doesn't. Now go empty my litter box.

 

[MarieB]

I know you mentioned that you would like access to it at any time, but when I read your post I thought of this article that I read and bookmarked awhile back. Be sure to click on the blue hyperlink for IBonds and read that too. Your money would be tied up for a year, but perhaps you could put some in (whatever you are comfortable not having access to for a year) and then do more a year later

http://www.pbs.org/newshour/rundown...-never-hear-about-it-from-financial-advisors/

 

[PeoplesElbow]

An online bank often has reasonable interest rates such as ING direct, Ally, and Navy Federal isn't bad.

Right now if you are not adverse to some risk a dividend centric ETF such as DVY (look up on stock ticker) is a good bet.

 

[LibertyBeacon]

Suppose a person had about $200,000 basically sitting under his mattress. I wonder if there's a place to put that kind of money where it can be accessed anytime but, earn more interest than the lame 0.50% paid by a typical savings account?

So you've said you want more than a half percent .. how much are you hoping to earn? How much risk are you willing to assume for that return? What is your investment horizon, i.e., how long do you plan on holding?

 

[LibertyBeacon]

Also, are there ethical or other restrictions to what you will invest in, i.e., no tobacco, alcohol, or other "sin" investments?

What do your current holdings look like? What is your existing asset allocation like? And are you trying maintain a certain pie chart (asset allocation) with this money? How old are you? What is your retirement savings now? Do you have an adequate emergency fund? Are you adequately insured?

So much to know.

 

[dave1959]

Let me hold it, I'll be available anytime you need it.