Hi all, where is a good place to store money that I might need in the next 3 to 6 years? There are obviously no good high savings rates accounts and I still want the money working for me.
I thought about bonds but I'm based in Hong Kong and could not locate any appropriate bonds or bond funds.
What are your thoughts on dumping cash in utility type stocks that pay a decent dividend (approx. 6.5%) but with generally less volatility? I have a fairly strong risk appetite, but obviously would be bummed if my money lost huge amounts of value by the time i needed to withdraw (for a house).
For info my networth comprises about US$1.1m in US and Asia index funds (which i do not intend on ever selling) US$80k in utility stocks (treated as a high savings rate account with some risk) and US$25k in cash.
I am aware that generally one should not invest in equities if that money is needed within the next 5 to 10 years.
Thanks!