Author Topic: Short Term Cash (1-2yr)  (Read 2431 times)


  • Stubble
  • **
  • Posts: 137
Short Term Cash (1-2yr)
« on: August 25, 2014, 02:32:08 PM »

I was curious what you all do with cash that you may need in a year or two. I am currently overseas on a business assignment until the end of this year and possibly all of next year as well. My expenses are low, and I'm earning extra income as well as a result of being here.

Anyway I'm not entirely sure what to do with the money I'm saving. I recently bought $20K of APPL and 10K of TWTR (My positions: APPL is up 20%, TWTR 42% - I know a lot about consumer electronics and tech in general, this was an educated decision, not a gamble). I'm not sure what to do with the rest of my cash as it accumulates in my bank account. 

I am currently not maxing my SEP (working as a contractor) because I earn an income tax exemption by being overseas. As a result tax exempt investing doesn't really offer any benefit and I prefer to have control over the funds now vs the restrictions of a tax exempt account.

What do you all think/suggest?

My hope when I return to the USA is to purchase a foreclosed property in the Midwest cash (30-50K if that's possible).


Anyway just wanted to pick your brains.

Frankies Girl

  • Magnum Stache
  • ******
  • Posts: 3899
  • Age: 86
  • Location: The oubliette.
  • Ghouls Just Wanna Have Funds!
Re: Short Term Cash (1-2yr)
« Reply #1 on: August 25, 2014, 02:39:08 PM »
If you need to use it in a few years, don't put it into anything volatile (like stocks). That is too short a time line and risks losing a large chunk in the short term. Look for the best interest rate on a boring old savings account you can find and park it there. Or even a 1-2 year CD if the rates are slightly better.

neo von retorch

  • Magnum Stache
  • ******
  • Posts: 4937
  • Location: SE PA
    • Fi@retorch - personal finance tracking
Re: Short Term Cash (1-2yr)
« Reply #2 on: August 25, 2014, 03:52:51 PM » for 1% "goal-oriented" savings accounts. (I like that they make it "difficult" to get your money out, i.e. you either have to make a new goal, transfer some of it, close that goal or close the entire original goal. So no "skimming" from your savings.)
Just started using GE Capital Bank Online Savings since I've taken over tax/insurance payments for my house rather than using my lender's escrow. Currently 0.95% interest.