Where to invest $100K for 2 years?
I enjoy $100K to invest for two years. I will be using this for a down allowance on a house. So where on earth would be a apt place to put this money. High Yield hoard narrative? Index fund? Under my bed? Vegas? Any accepted wisdom?
Answers:
avoid equity mutual funds. Far too much volatility for that short a time...
since you already know the money is spent. and i assume dont want to enjoy smaller amount of it within 2 years than today. (not that anyone does... i of late connote you may not be capable of afford the house if the stock bazaar be down 2 years from now) STAY SAFE... i'd stepladder compact disc's ... 25k 3mo 25k 6mo 50k 1yr and reinvest for that target date as they seasoned.
no vegas
no stocks
no mutual funds.
no corporate bonds
no loans to friends that promise to pay envelope you wager on next to interest
i'd even avoid the mmkts since cd's should earnings more interest and you don't obligation liquidity.
Go for mutual fund
CDs are angelic. I don't muse I trust the stock souk anymore, and 2 years isn't a awfully long time. Stocks do better long residence.
24 month disc .. help to avoid bribery.
amtrustdirect have a moneymarket giving 5.36%
FDIC insured
You will trade name in the region of $11,000 contained by interest in 2 years
I would suggest educating yourself roughly speaking investing and the financial world so you are competent to engineer a declaration that best meet your wishes and at indistinguishable time continuously maximize your returns and help you to net intelligent import tax related decision. There are some great books out in that that will procure your started on the right pathway. Good luck!
You may option to consider purchasing shares of growing companies such as Inter-Canadian (ICBM). Inter-Canadian owns and operate a brewery surrounded by New York and plans to expand hurriedly over the coming twenty-four months.
Big NO to Vegas and reserves or disc.
Under your bed is in actuality better that adjectives the above.
How can you still invest it if you've already put it towards a downpayment?
But if I have 100K, it'd be precious metals, mutual funds, a house, or a small reselling business. Payback must be at smallest 20% to prove correct something excluding putting it below my bed.
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Answers:
avoid equity mutual funds. Far too much volatility for that short a time...
since you already know the money is spent. and i assume dont want to enjoy smaller amount of it within 2 years than today. (not that anyone does... i of late connote you may not be capable of afford the house if the stock bazaar be down 2 years from now) STAY SAFE... i'd stepladder compact disc's ... 25k 3mo 25k 6mo 50k 1yr and reinvest for that target date as they seasoned.
no vegas
no stocks
no mutual funds.
no corporate bonds
no loans to friends that promise to pay envelope you wager on next to interest
i'd even avoid the mmkts since cd's should earnings more interest and you don't obligation liquidity.
Go for mutual fund
CDs are angelic. I don't muse I trust the stock souk anymore, and 2 years isn't a awfully long time. Stocks do better long residence.
24 month disc .. help to avoid bribery.
amtrustdirect have a moneymarket giving 5.36%
FDIC insured
You will trade name in the region of $11,000 contained by interest in 2 years
I would suggest educating yourself roughly speaking investing and the financial world so you are competent to engineer a declaration that best meet your wishes and at indistinguishable time continuously maximize your returns and help you to net intelligent import tax related decision. There are some great books out in that that will procure your started on the right pathway. Good luck!
You may option to consider purchasing shares of growing companies such as Inter-Canadian (ICBM). Inter-Canadian owns and operate a brewery surrounded by New York and plans to expand hurriedly over the coming twenty-four months.
Big NO to Vegas and reserves or disc.
Under your bed is in actuality better that adjectives the above.
How can you still invest it if you've already put it towards a downpayment?
But if I have 100K, it'd be precious metals, mutual funds, a house, or a small reselling business. Payback must be at smallest 20% to prove correct something excluding putting it below my bed.