Author Topic: Recommendation for Mid Term investment  (Read 1160 times)

Octotat

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  • Location: Eastern Tennessee
Recommendation for Mid Term investment
« on: April 24, 2017, 08:22:06 AM »
Hey all,

I am planning to FIRE next year, and I currently have a lump sum of cash (approx 100k) that I want to invest for income.  I'm 52, and plan to retire at 53.  I really need this to add to some income until I can start to take out small portions of 401k and IRA investments.  My main source of income will be a post-FIRE business with a big ? on what that income will be.  I will also be living rent free at the new locations (hotel business) and will have approx 2k / month from my house rental.
 
Things bouncing around in my head are a single mutual fund (but which one?), several funds, maybe some REITs and bond ETFs.  I am hungry for yield, but don't want to risky considering the 7ish year time frame.   

Would love some thoughts and ideas.

Thanks,
Octotat
 

Car Jack

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Re: Recommendation for Mid Term investment
« Reply #1 on: April 24, 2017, 11:26:05 AM »
I can tell you how to get 2.3% in 5 years.  Better than that, I only know how to scatter the money around to various accounts that give you good returns (5% plus) on the first portion of your investment and nothing beyond that.  Good luck.