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Author: mikren6 Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 269  
Subject: Re: I need help. Date: 8/12/2001 10:34 PM
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I would simply put the money in a cd for a year, since you want to buy a house. This is a fairly large amount of money and you should be able to get a good rate. If you get into stocks and sell with a profit within a year you will be taxed at a higher rate on the profit vs. the interest on the cd. The advantage of the cd is you know the interest rate, with stocks it's an educated guess if you make money. Also, check on different cd's, with some you can put money in for 2 years but have access to it every 6 months to withdrawal without penalty. Checking with Banks should not cost any money, and some Financial Consultants offer free first time consultations. Hope this helps.
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