Where can i safely park my money?

Discussion in 'Trading' started by konviction, Dec 30, 2009.

  1. I got money in a TOS trading account but I dont want to close it out. Where can I invest this money so it will grow, but be safe at the same time?

    I'm taking time to paper trade new methods but I dont want my money just sitting inactive.

  2. thanks to Bernanke & co. you will find it nearly impossible grow your money safely. Your choices are gamboolll or sit in cash.
  3. I would be willing to watch it for you, on a temporary basis. It will be safe.
  4. Illum


    You want risk free growth, hmmm good idea, me too. Lemme know what you find out.
  5. Take 95% of it and put it in Ally.com at 1.45%. Leave the other 5% in TOS.
  6. If you have an IRA and can't pull your money out, I guess you could research a bond mutual fund which meets your risk profile since TOS allows you to trade mutual funds.

    Myself, I would leave it where it is and just consider it an opportunity cost of your education. Even if you're talking an account of $100k or more, a quick look shows short term CDs through major banks are pretty crappy. You might take a look at some of the online banks as I've heard some of them can give you decent savings rates (3-5%), but they probably have a bunch of requirements and hoops for you to jump through as well.
  7. Park it in the SRS and watch the account go up.
  8. TGMNX - Bond fund
  9. Rimping


    Why not buy a short term government bond?
  10. Not exactly no risk, but what about a 12 month collar?

    Buy 100 SRS,
    Sell 1 Jan 2011, 10C
    Buy 1 Jan 2011, 7.5P

    Risk = $-0.39. (Close below 7.5)
    Reward = $2.11 (Close Above 10)

    Use TOS GTC Collar order and shave a few cents off the ask price...

    Main drawback with collars is that you normally need to hold them the full duration (can be a pain to back out ahead of time).
    #10     Dec 31, 2009