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| Posted by | Message | man117 
LSU Fan
Los Angeles
Member since Jul 2009
33 posts
| park money short term? (Posted on 10/11/12 at 5:19 pm)
I plan to start looking for my 1st house in the next 1 to 1.5 years. Just had a child so i want to wait to see what my wife's job situation is going to be. I have 30k saved so far, no debt. It's actually in a savings account, I know stupid. So where should I park this?
| | Back to top | Share on  | TheHiddenFlask 
Clemson Fan
The Welsh red light district
Member since Jul 2008
16420 posts
| re: park money short term? (Posted on 10/11/12 at 5:37 pm to man117)
quote:
I know stupid.
Not really.
quote:
So where should I park this?
A short duration (less than 2 years) investment grade corporate bond fund, if you want to juice your yield a little bit.
Some times you can find a checking account at a small bank that will give you a couple hundred bps on a small amount, such as what you have.
| | Back to top | | greenhead11
LSU Fan
Member since Feb 2012
608 posts
| re: park money short term? (Posted on 10/12/12 at 12:53 pm to man117)
As Flask said for money you may need soon, a savings account isn't stupid. It might not be optimal but its risks free. If you don't want to loose principle it's hard to get any appreciation.
Are you willing to take risks? If not Everbank offers foreign currency dominated CD's. I'd look there
| | Back to top | | TheHiddenFlask
Clemson Fan
The Welsh red light district
Member since Jul 2008
16420 posts
| re: park money short term? (Posted on 10/12/12 at 1:18 pm to greenhead11)
quote:
greenhead11
quote:
don't want to loose principle
You're already losing your edge. Go back to finance.
| | Back to top | | schexyoung
LSU Fan
Deaf Valley
Member since May 2008
2665 posts
| re: park money short term? (Posted on 10/12/12 at 1:40 pm to TheHiddenFlask)
There are plenty of easy entry/exit high yield savings accounts at non-brick and mortar Banks that are paying anywhere from 90 to 120 basis points.
Not a bad option if you want a quick entry/exit with a relative zero risk of loss, however in no way will you maximize your short term earnings potential.
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