If you had access to $20,000 for a short period of time, lets say about 6 months, and wanted to use that money to make more money, what would you do?

I'm not the very risky type of person, especially with this amount of money, so I'm not looking for a very high return. I think about 10% is reasonable.

Stocks? Cars? Canadian money?

Please give me some advice.

 

10% is going to involve some risk. 5% is your best bet if you want a guarantee not to lose any principle. Any good 6 month CD would be your best bet.

 

6 months to get annual historical 10 year average gains in the stock market is kinda hard to do without a decent amount of risk. I agree with Quikag, get the 5%.

 

ive been keeping my money in a 5% moneymarket account. i just opened up a scottrade account the other day and looking to invest in some stocks. any suggestions of stocks to purchase other than AAPL?

 

Right now you want to be in stocks like KO, MO, T, V and GLD. This is a bad time from growth stocks. Those stocks will give you a very nice return with little risk.

 

I think spring time you should buy some canadian oil sands....it pays close to a 10% dividend a year and it generally follows the price of oil.

I would buy in the spring time when inventories build and the price of oil generally pulls back.

 

Gold and potentially Silver

 

You should invest it in the strongest, best-run companies in the world. In this market, you're sure to turn it into $10k within a few months. It'll be great fun.

- Warren

 

what about SBUX? its at the lowest its been in a year.

 

SBUX has alot of problems. Slowing growth, increasing competition, losing its identity/culture/differentiation. If you're already a shareholder of SBUX, then its a (long term) hold. There are better places for your money at the moment, like cthree mentions. Blue chips (MO, KO, GE, HON, etc) always rebound after market downturns in the long run.

I hold a very small long position in SBUX.

Edit: wanted to add that SBUX has blamed increasing dairy costs as a reason for its poor margins for 2 or 3 quarters now. Not exactly a good sign if they can't get a handle on costs after recognizing the problem.