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The Money Mustache Community
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Learning, Sharing, and Teaching
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Investor Alley
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Short Term Investing Options
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Topic: Short Term Investing Options (Read 1890 times)
GoingConcern
5 O'Clock Shadow
Posts: 91
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?
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Frankies Girl
Magnum Stache
Posts: 3899
Age: 86
Location: The oubliette.
Ghouls Just Wanna Have Funds!
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.
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jamaicaspanish
Stubble
Posts: 131
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.
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clash
5 O'Clock Shadow
Posts: 15
Age: 42
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?
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GrowingTheGreen
Bristles
Posts: 355
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
»
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FiveSigmas
Pencil Stache
Posts: 597
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.
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The Money Mustache Community
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Learning, Sharing, and Teaching
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Investor Alley
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Short Term Investing Options