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Started By
Message
Where to park $100K short term?
Posted on 9/10/20 at 11:50 am
Posted on 9/10/20 at 11:50 am
Hey all -
In laws have given us $100K for a down payment on a house. Need it to be generally available for when we find the new house for the down payment, but do not want it sitting there generating nil.
Any advice on something that will grow at no risk that I can also withdraw in a day or two notice with no penalty?
In laws have given us $100K for a down payment on a house. Need it to be generally available for when we find the new house for the down payment, but do not want it sitting there generating nil.
Any advice on something that will grow at no risk that I can also withdraw in a day or two notice with no penalty?
21
Posted on 9/10/20 at 11:52 am to Teamgravy
quote:
Any advice on something that will grow at no risk
-_-
Posted on 9/10/20 at 11:53 am to Teamgravy
How long is short term?
Just collect the half a percent these banks are offering. Not much else you can do.
Exciting, I know.
Just collect the half a percent these banks are offering. Not much else you can do.
Exciting, I know.
Posted on 9/10/20 at 11:56 am to Teamgravy
Citibank is offering .9% APY right now. That's the highest I've seen.
Posted on 9/10/20 at 11:56 am to Teamgravy
No risk and liquid. High yield savings account.
Posted on 9/10/20 at 12:01 pm to Teamgravy
quote:
In laws have given us $100K for a down payment on a house
They have another daughter?
Posted on 9/10/20 at 12:01 pm to Teamgravy
Does your wife have any single sisters?
Posted on 9/10/20 at 12:14 pm to AUHighPlainsDrifter
No kidding. My in laws need to step it up it sounds like
Posted on 9/10/20 at 12:17 pm to Displaced
quote:
They have another daughter?
Right? I'm single and would love to meet some woman that the parents give out $100k to buy a house
Posted on 9/10/20 at 12:50 pm to rowbear1922
quote:
I'm single and would love to meet some woman that the parents give out $100k to buy a house
If I were single I sure as heck wouldn’t. Sounds like an entitled individual getting 100k from an enabler.
Posted on 9/10/20 at 12:55 pm to Paul Allen
quote:
If I were single I sure as heck wouldn’t. Sounds like an entitled individual getting 100k from an enabler.
the trap is set......
Posted on 9/10/20 at 1:17 pm to Teamgravy
Tesla baw
Don’t be a little bitch
Don’t be a little bitch
Posted on 9/10/20 at 1:18 pm to Teamgravy
Bookmarked,
I am also interested in a high-return no risk vehicle to park my money.
I am also interested in a high-return no risk vehicle to park my money.
Posted on 9/10/20 at 1:24 pm to Teamgravy
Take 50K to casino and park it on red. Worst case is you still have 50K free money.
Posted on 9/10/20 at 1:25 pm to Teamgravy
quote:
Any advice on something that will grow at no risk
Posted on 9/10/20 at 1:25 pm to GeauxGutsy
(no message)
This post was edited on 12/27/20 at 10:00 pm
Posted on 9/10/20 at 2:06 pm to Displaced
quote:
They have another daughter?
Think I'd be worried about the strings attached for accepting that much money as a gift...
Posted on 9/10/20 at 2:06 pm to Teamgravy
There is no free lunch.
Any equity investment could lose money in a short time frame.
Unfortunately Treasury bills and CDs don’t pay much, but you need that money by a date certain so you can’t take on market risk.
Enjoy the house.
Any equity investment could lose money in a short time frame.
Unfortunately Treasury bills and CDs don’t pay much, but you need that money by a date certain so you can’t take on market risk.
Enjoy the house.
Posted on 9/10/20 at 2:11 pm to Teamgravy
quote:
In laws have given us $100K for a down payment on a house.
They will own you. Prepare for problems for years.
Posted on 9/10/20 at 2:25 pm to Teamgravy
quote:
Any advice on something that will grow at no risk
VXX
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