Thinking about investing in Treasury Direct and Oil. Good Idea?

Question

I got a nice chunk of money from a automobile accident. Most of it went on doctor bills and my attorney fees but I was still left over with a nice bit. I wanted to put $5,000 of it into a savings bond from a website I found called Treasury Direct. I want be able to touch the money for 5 years which is not a problem and it's backed by the U.S. Treasury which is good. Even so I want to know is going the Treasury Direct route really such a good idea and should I put the rest of my money into oil stock?

Note: Don't say anything about retirement I'm only 22 and a senior in collage. What I want is a long term savings plan but short at the same time if that makes sense. I want to be able to travel and buy a house not right after I finish collage but maybe 5 to 8 years down the road and I would like to use my savings to do that as well as money from my salary from my degree. So what would be good investment for a long term (but short) plan like that.

Answer 1

If you did that I would ladder the maturities of the treasuries.

Answer 2

No. There are better options:

7% bonds

8% CD

insured

in Europe

But to my mind the best way to invest money is to invest in someone's business. It's safer and more profitable. I have invested in good business and now I am getting guaranteed 40% annual interest.

Note: I don't need your money but you may contact me for a good advice.

I wish you success in your investments!

Answer 3

Treasury Direct is an excellent choice for a conservative, safe investment (with limited growth).

Oil.......... That a gamble. It's a little better than going to Vegas... but you're not investing... you're gambling.

Do this the right way. read two - three good books on stock investing and make a plan...... you'll be much better off!