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Started By
Message
Short term savings/investment for 20k
Posted on 5/15/14 at 12:36 pm
Posted on 5/15/14 at 12:36 pm
Just sold my boat and will be putting the money away. But at the end of the year, we will be moving and having our first child. I want the money available if we can't sell our house for what we are asking or need a little safety cash if anything else comes up. I have a 2% high yield checking account, but I was wondering if there was anything better I could be doing with it for ~6 months.
3
Posted on 5/15/14 at 12:38 pm to KG6
My vote is no.
Posted on 5/15/14 at 12:41 pm to KG6
Generally speaking, if you think you'll need it in 6 months, then no, you shouldn't do much more than a savings account or CDs.
However, if this is only going to be "emergency fund" type money even after 6 months, then you could probably stick it in a fund or 2 and earn a little more money on it maybe (with the risk of losing some money).
However, if this is only going to be "emergency fund" type money even after 6 months, then you could probably stick it in a fund or 2 and earn a little more money on it maybe (with the risk of losing some money).
Posted on 5/15/14 at 12:43 pm to KG6
quote:
I have a 2% high yield checking account
That'll do.
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