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Good Place to Park Money for A Year
Posted on 2/17/15 at 2:41 pm
Posted on 2/17/15 at 2:41 pm
I'm going to be selling my house in the near future and hope to clear a little over $100K after paying off the outstanding mortgage balance. I'll be moving to a new area and I'd like to lease a house there for a year or so until I figure out where I really want to buy.
What are some good options for investing the house proceeds? It's got to be pretty much guaranteed safe. I know the return won't be squat but I can't afford to lose the money I'm counting on using for the down payment on my next house.
What are some good options for investing the house proceeds? It's got to be pretty much guaranteed safe. I know the return won't be squat but I can't afford to lose the money I'm counting on using for the down payment on my next house.
1
Posted on 2/17/15 at 2:46 pm to BobABooey
Buy a one year CD, government bonds, etc.
Probably make 1-2 %
Probably make 1-2 %
Posted on 2/17/15 at 3:03 pm to I Love Bama
1 year CDs are approximately around 1%; honestly to make ~one thousand bucks in a CD I'd rather just put it in a savings account or some other FDIC insured account and not give up the liquidity in case you need it any time sooner than you think.
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