- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: Money you need 3, 5, 7 years from now
Posted on 3/4/15 at 12:18 pm to LSU1018
Posted on 3/4/15 at 12:18 pm to LSU1018
This is something I have been looking into, and wanted to make sure I wasn't missing something.
I hate putting anything more than my "emergency" fund in savings because right now interest doesn't even keep up with inflation, so I was thinking about the following.
I know there is risk in putting the money into a mutual fund/stock market, but even the under performing ones would get ~3-5% returns, right? If you hold the funds for 3-7 years, you would only get taxed ~15% on the profits (Assuming it isn't an IRA)? Wouldn't this be better than letting your money devalue for 3-7 years in a savings account? Am I missing something?
I hate putting anything more than my "emergency" fund in savings because right now interest doesn't even keep up with inflation, so I was thinking about the following.
I know there is risk in putting the money into a mutual fund/stock market, but even the under performing ones would get ~3-5% returns, right? If you hold the funds for 3-7 years, you would only get taxed ~15% on the profits (Assuming it isn't an IRA)? Wouldn't this be better than letting your money devalue for 3-7 years in a savings account? Am I missing something?
Popular
Back to top
Follow TigerDroppings for LSU Football News