Quote Originally Posted by tonkatoyman View Post
Depends on your definition of safe. The best safe investment that will give returns are mutual funds that specialize in municipal bonds. They are right now paying between 3.5 and 4%. That doesn't sound like much but it is tax free. No federal taxes are charged. That means if you are in the 28% tax bracket it is the equivalent before tax earning of +- 5%. Vanguard has the best one with the lowest maintainance fees.
Thanks! I'll definately look into that one. I need something "safe" to put some money into where i'll see a good return when i can take it out. By safe i mean its not going to lose any money and i'll at least come out on top in the end. The amount i put in depends on the term/s & minimums required. Fees as well. If i could get 30g to make at least 5% in a short amount of time id be good. Someone else also mentioned tradional IRA's? I know nothing about these things yet but i need to learn. By the way, you're on my myspace friends list