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Started By
Message
park money short term?
Posted on 10/11/12 at 5:19 pm
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?
2
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.
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
Are you willing to take risks? If not Everbank offers foreign currency dominated CD's. I'd look there
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.
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.
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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