“I have a Ceres IRA account. I enjoy investing my IRA $ in individual stocks, but right now I want to be out of the stock market completely. As you know, uninvested Ceres money only earns around 3% in their cash account. Is there an equity-type vehicle I can purchase through my Ceres account that acts more like a money market fund and less like a stock? I’m looking for something to purchase through my Ceres account that is very liquid, has low volatility, and offers a virtually guaranteed 5% – 6% return. Then when Money Magazine’s monthly stock prediction improves from its current “down arrow” rating, I’ll start buying normal stocks once again.” — David Matt
Can’t you buy Treasuries through Ceres? Maybe 2-3-year notes? But unless the amount you’re talking about is large, I wouldn’t put too much time into trying to get 2% more (which after tax would amount to even less).
Also, have you looked into REITs (real estate investment trusts)? They’re hardly risk-free; but real estate may be closer to its recent bottom than to some future top, and many of these stocks yield 6% or more. It’s a good area for you to research.
Quote of the Day
It was only 80 years from the time Darwin published ON THE ORIGIN OF SPECIES until we detonated the first nuclear bomb. In the lifetime of one person, we went from figuring out where we came from to figuring out how to get rid of ourselves.~Paleontologist Jack Horner
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