No. of Recommendations: 0
Greetings, Rbewing, and welcome. You asked:

<<My Uncle has a $50,000 cd maturing at the end of the year. He is looking
for a secure investment that will provide him with a resonable rate of
return. HE IS RETIRED AND IS 85 YEARS OLD. Any suggestions?>>

"Secure" and "reasonable rate of return" are terms with different meanings to different folks. Evidently, your uncle is relying on that money as a potential source of income and is unwilling to take undue, short-term risks with it. If so, then he should stick with the relative safety of CDs, money market funds, T-Bills or short-term bond funds. They will all pay a going rate of interest and tend to be far less volatile than other vehicles such as stocks and long-term bonds.

Print the post  


The Retirement Investing Board
What was Your Dumbest Investment?
When Life Gives You Lemons
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?