Best way to make 5% return on money?

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wickedDUDE

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Jun 25, 2006
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What's the best way to make 5% return on money you have saved?

Some GICs pay 2%... I'm looking for something low risk... don't need access to it anytime soon but want to make a bit of extra cash.
 


Invest in low-risk ETFs. There's nothing that will get you more than 2% in this market at a guaranteed rate (CDs) - you need to take risk to make money.

Besides the market, I've also thrown a bunch of money into LendingClub.com - only one $50 default right now on about 100 loans that I've made, and even with the default (which is currently w/collections), my return after a year is over 10%. You'll technically need to commit your money for 3 years, though you can sell early if anyone in the market wants to buy. I'm not sure I'd consider that "low" risk, though.
 
tvmatt said:
Invest in low-risk ETFs. There's nothing that will get you more than 2% in this market at a guaranteed rate (CDs) - you need to take risk to make money.

Besides the market, I've also thrown a bunch of money into LendingClub.com - only one $50 default right now on about 100 loans that I've made, and even with the default (which is currently w/collections), my return after a year is over 10%. You'll technically need to commit your money for 3 years, though you can sell early if anyone in the market wants to buy. I'm not sure I'd consider that "low" risk, though.
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This.

I've been investing on propser.com for over 4 years now and have enjoyed a steady 12% + ROI

Deff worth throwing some $$ that way
 
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lol, banks in Australia pay 6% interest on a 12 month term deposit at the moment.

Before the GFC we had "online saver" accounts that paid 7% interest, it was just an account you could only access through online banking, the money wasn't locked in or anything. Now the online saver accounts only pay about 4.5%.
 
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3. Buy or short sell {stock_symbol} accordingly
4. Profit
 
tvmatt said:
Invest in low-risk ETFs. There's nothing that will get you more than 2% in this market at a guaranteed rate (CDs) - you need to take risk to make money.

Besides the market, I've also thrown a bunch of money into LendingClub.com - only one $50 default right now on about 100 loans that I've made, and even with the default (which is currently w/collections), my return after a year is over 10%. You'll technically need to commit your money for 3 years, though you can sell early if anyone in the market wants to buy. I'm not sure I'd consider that "low" risk, though.
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wow...lendingclub.com sounds pretty interesting...so I'm guessing you can see info about the borrower's occupation, income, credit etc. just like a lender would and loan out to whoever you deem to be qualified?
 
Da fuck is with this PA bullshit?

"Residents from Pennsylvania can only invest in Lending Club Notes via our Note Trading Platform operated by FOLIOfn, member FINRA/SIPC."
 
johnmatrix said:
lol, banks in Australia pay 6% interest on a 12 month term deposit at the moment.

Before the GFC we had "online saver" accounts that paid 7% interest, it was just an account you could only access through online banking, the money wasn't locked in or anything. Now the online saver accounts only pay about 4.5%.
Click to expand...

Interest parity will even things out eventually.
 
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