Author Topic: Short Term Investing Options  (Read 1537 times)

GoingConcern

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Short Term Investing Options
« on: January 31, 2016, 12:31:26 AM »
I have around $80k in cash that is sitting idly that I don't need to use for about a year or two. Other than CDs are there any other short term investments you would recommend? And if you do recommend a CD what is the best bank to go with?

Frankies Girl

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Re: Short Term Investing Options
« Reply #1 on: January 31, 2016, 12:57:21 AM »
Too short a time period to invest it, so yes, CD or savings account. I personally use Ally Bank for their 1% savings, no idea about good CD rates.

jamaicaspanish

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Re: Short Term Investing Options
« Reply #2 on: January 31, 2016, 05:12:45 AM »
Lake Michigan Credit Union
has a 3% checking account (up to $15k) with minimal requirements.


clash

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Re: Short Term Investing Options
« Reply #3 on: January 31, 2016, 03:05:56 PM »
What type of allocation would you recommend for a 5 year investment period in a brokerage?

GrowingTheGreen

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Re: Short Term Investing Options
« Reply #4 on: January 31, 2016, 07:02:20 PM »
You could go with Vanguard's Total Bond Market ETF (BND).

Edit: this is in response to clash's question.  Should've quoted for clarity.
« Last Edit: January 31, 2016, 08:54:59 PM by GrowingTheGreen »

FiveSigmas

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Re: Short Term Investing Options
« Reply #5 on: January 31, 2016, 07:11:29 PM »
I agree with Frankie's girl that 1 year is too short a time horizon for anything other than CDs (or a rewards checking account, as suggested by Jamaica). Even bonds can lose value, and if you need the money in a year's time, well... you can't afford to gamble it.

Deposit accounts is a good resource for the latest banking deals.