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Selling home
Posted on 5/11/15 at 9:00 am
Posted on 5/11/15 at 9:00 am
Selling home and moving into a family home for about 3 years so that we can save to build new.
Should have about 25K from sell of home and will be putting up about 1k a month.
What are good options for that money for those 3 or more years?
Should have about 25K from sell of home and will be putting up about 1k a month.
What are good options for that money for those 3 or more years?
2
Posted on 5/11/15 at 9:16 am to GeauxWolfpack
Just curious but why are you selling now when it's going to take 3 years to build?
Posted on 5/11/15 at 9:17 am to GeauxWolfpack
quote:
good options for that money for those 3 or more years
It appears that you do not want to risk capital loss with these funds so I would recommend a CD over stocks, bonds, mutual funds etc.
The principal will be preserved and you will get nominal interest. Maybe 1.3 % or a little more if you shop around for a CD.
This post was edited on 5/11/15 at 9:20 am
Posted on 5/11/15 at 11:55 am to makersmark1
We are selling now to move into a family home that wont cost us anything. So really just using that 3 years to save some money.
And tks makersmark1
And tks makersmark1
This post was edited on 5/11/15 at 11:56 am
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