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re: Break it down - your finances
Posted on 4/28/15 at 9:01 am to geauxbears08
Posted on 4/28/15 at 9:01 am to geauxbears08
quote:Maybe I should make a new thread about this, but I'll ask here. Currently I have about $12k in my savings, which I'll be building up to buy a house within the next year or 2. What would be my best option for building up this money? I know savings isn't the best, I just don't really know what to do with it.
I know a lot of people keep a large amount in a "rainy day fund" which is a good thing. But I hate pocketing 88 cents of interest every month when that money could be better invested. So I only keep about $3K in cash and invest the rest. I can't imagine a scenario where I would need more than $3K without at least a week's notice.
This post was edited on 4/28/15 at 9:02 am
1
Posted on 4/28/15 at 9:38 am to OneMoreTime
OT Answer:
Put it on black
MT Answer:
Two years isn't a long time, but you can at least invest part of it, depending on how much risk you're willing to swallow. For something like a house fund, check out VWELX. Balanced fund with some upside and some downside protection.
Oh yeah, DCA. Don't drop it all in in one fell swoop.
Put it on black
MT Answer:
Two years isn't a long time, but you can at least invest part of it, depending on how much risk you're willing to swallow. For something like a house fund, check out VWELX. Balanced fund with some upside and some downside protection.
Oh yeah, DCA. Don't drop it all in in one fell swoop.
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