How to spend a loan

[AWoodside]

So I have the chance to take out a 25k loan that I don't have to start making payments on until roughly September of 2007 (~10months) and then has only 2%APR. (This is a one time military loan for new officers)

I've decided it must be +EV to take this loan out and do something with it... the question is what. I don't have any debt I need to consolidate or anything like that, I'm just curious what the best investment strategy would be to make money off this loan. I don't have any experience with investing of any kind, but have decided that it would be a nice thing to learn about. What would you guys do?

[ItalianFX]

Start with an online savings account, E-loan, ING, Emigrant (there was a thread on this before)...and let it gain some interest while you are learning.

That is a start.

[yellowbastard]

I would be very conservative with it...the easiest thing to go with would be an FDIC insured savings/ money market account. Many in this forum use Emigrant Direct , however E Loan has just announced the most competitive rate. You can get more details and compare rates very easily here

[gull]

It depends. CDs will probably offer slightly better rates than savings accounts.

[hawk59]

when does it have to be paid off?

[maxtower]

strippers and cocaine... duh!

[34TheTruth34]

[ QUOTE ]
strippers and cocaine... duh!

[/ QUOTE ]

LOL, So close, yet so far away.

Please take the time to ACTUALLY LEARN the correct 2+2 jokes. There's no excuse for this [img]/images/graemlins/frown.gif[/img]

[GoSox]

Dont leave it in a savings account, taxes will bring you back to where you started. I'd put it in high yield muni mutual fund. Get 6-8% relatively tax free.

[vanwely]

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