I have $50,000 cash sitting in a savings account doing essentially nothing. I don't want to add it to my trading account. I just want it to sit somewhere relatively safe and earn decent interest. Thoughts?
Schwab has been advertising a high yield checking - http://www.schwab.com/public/schwab...erage/schwab_one_with_ic.html?cmsid=P-1778106
Look at Muni-ETFs from your state, double tax-free and probably less risk than your big banks. Some states are yielding around 7%, that's near 10% taxable. Panic selling and more carry-trade unwinding could push yields up to the 10-12% area...that yield will suck money off the moon A 30%+ ROI from price appreciation and high yield is not impossible(If you can buy at the bottom.). Look at some charts, they tend to historically bounce at about the same price level. BTW: etfconnect.com's search table is sortable by yield.
10K into US CD or Treasury 10K into Australian Treasury 10K into South African Treasury 10K into another higher yielding 10K etc. In the back of the Economist is a graph of what Gov debt is yielding in the different countries around the globe. Create your own basket of bonds and be multi-nationally diversified
Come on, it's the investment of a lifetime according to one of et's finest spammers......PAL!!! If I were you, I would buy this equity with not only the 50k, but on margin as well. Also, cash advance to the hilts on CC's, and a 2nd or even 3rd mortgage. Don't worry about the interest payments, this baby is going from 3 1/2 to triple digits!