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$50K to invest for six months

Posted on 9/21/16 at 5:07 pm
Posted by Fewer Kilometers
Baton Rouge
Member since Dec 2007
36011 posts
Posted on 9/21/16 at 5:07 pm
$50K that you have for six months. Where would you put it?
Posted by raw dog
Baton Rouge
Member since Nov 2011
483 posts
Posted on 9/21/16 at 5:23 pm to
In your checking account?
Posted by marchballer
The Greatest Country on Earth
Member since Aug 2008
4118 posts
Posted on 9/21/16 at 5:27 pm to
6 month CD from Ally Bank

IMO (take with a big grain of salt as I'm a newbie) stock market is volatile right now to invest in stocks, bonds or currency. With the election coming up, Fed hinting at raising interest rates and Stocks already being near All Time Highs. I'd stay away from investing and find the highest yielding CD or savings account and keep your money safe until things settle down.
Posted by PlanoPrivateer
Frisco, TX
Member since Jan 2004
2788 posts
Posted on 9/21/16 at 5:28 pm to
If you need to not take any risk then a 6 month CD. If you can risk a small loss then a short term bond fund with a low duration.
Posted by dabigfella
Member since Mar 2016
6687 posts
Posted on 9/21/16 at 5:37 pm to
Bmy unjustly slammed recently
Posted by jimbeam
University of LSU
Member since Oct 2011
75703 posts
Posted on 9/21/16 at 5:59 pm to
A lot of people will tell you 6 months isn't really "investing". Bank the cash.
Posted by b-rab2
N. Louisiana
Member since Dec 2005
12575 posts
Posted on 9/21/16 at 8:21 pm to
PONCX
Posted by white perch
the bright, happy side of hell
Member since Apr 2012
7122 posts
Posted on 9/21/16 at 9:08 pm to
quote:

PONCX


has an expense ratio of 1.6%, IWNHI
Posted by NewIberiaHaircut
Lafayette
Member since May 2013
11540 posts
Posted on 9/21/16 at 9:50 pm to
VWENX. Wellington Fund Admiral

Personally, I would try to find a rewards checking and savings account.
Posted by castorinho
13623 posts
Member since Nov 2010
82010 posts
Posted on 9/21/16 at 9:56 pm to
Savings account
Posted by Creamer
louisiana
Member since Jul 2010
2817 posts
Posted on 9/22/16 at 7:14 am to
I am in a similar situation, but my time line is more like 1-5 years. I am comfortable with some risk but can't decide what route to take.

What is the downside to putting $25k in vwinx or vwenx, and putting $25 k in an interest bearing account. This is money that is intended to be used to purchase additional investment properties.
Posted by The Easter Bunny
Minnesota
Member since Jan 2005
45566 posts
Posted on 9/22/16 at 7:17 am to
Six months I'm putting it in an online capital one account and making a sweet 1% :(

Maybe a local credit union would have a CD over 1%
Posted by crazycubes
Member since Jan 2016
5256 posts
Posted on 9/22/16 at 8:44 am to
PTN

Will go from $0.50 to $50.00 as soon as their female viagra takes off.
Posted by darnol91
Member since Jun 2015
749 posts
Posted on 9/22/16 at 9:01 am to
Use 20k to put down 20% on an 80k house, plus closing costs etc. Can you be more specific about the terms that you have the cash? Like you just have 50k and must pay back, in lump sum, in six months?
Posted by slinger1317
Northshore
Member since Sep 2005
5805 posts
Posted on 9/22/16 at 10:13 am to
Barclays online savings is paying 1%. Thats the best savings rate I've found anywhere.
Posted by Jag_Warrior
Virginia
Member since May 2015
4080 posts
Posted on 9/22/16 at 11:18 am to
There are a few that are right around 1%. Goldman Sachs Bank (the old GE Capital Bank) is at 1.05% for online savings. The difference would be a few pennies here or there. So either/or.

So anything like that is the correct choice. The way his question is phrased, it almost sounds like something bad might happen to one of his limbs if he doesn't have (at least) $50K in six months. But in any case, six months isn't an investment horizon, it's a savings horizon.
Posted by b-rab2
N. Louisiana
Member since Dec 2005
12575 posts
Posted on 9/22/16 at 12:09 pm to
Yields 6.5%...
Posted by Twenty 49
Shreveport
Member since Jun 2014
18726 posts
Posted on 9/22/16 at 9:55 pm to
Capital One 360 savings pays .75, and their money market account pays 1 percent.

No fees, and you can get the money any time you need it, unlike with a CD that charges a penalty for early withdrawal.
Posted by MSU5
Memphis
Member since Aug 2011
3411 posts
Posted on 9/23/16 at 5:22 am to
MMA is the best route. Can also look at a high yield MMA. This is the only reasonable approach.
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