Extra to Invest
Extra to Invest
Looking for some suggestions on where or what would be a good choice to invest 10k. This would be extra money I have to invest for a short period, such as for 9-12 months. I already have a good emergency fund. The money was in a CD, but I'm looking for possible some suggestions for something other than a CD for a short term CD. Any suggestions are welcome.
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Re: Extra to Invest
For 9-12 months? There's nothing that's going to give you any real return without taking on a lot of risk.
Stick with cash, whether it's a "high" yield savings or a CD.
Stick with cash, whether it's a "high" yield savings or a CD.
- retired@50
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Re: Extra to Invest
If you're going to need the money in 9-12 months, there isn't much to say other than online bank accounts paying around 0.5%. Ally, Marcus, etc.Mastied wrote: ↑Mon May 10, 2021 7:57 pm Looking for some suggestions on where or what would be a good choice to invest 10k. This would be extra money I have to invest for a short period, such as for 9-12 months. I already have a good emergency fund. The money was in a CD, but I'm looking for possible some suggestions for something other than a CD for a short term CD. Any suggestions are welcome.
If you put it at risk in the stock or bond markets, you could wind up with less than when you started.
Regards,
If liberty means anything at all it means the right to tell people what they do not want to hear. -George Orwell
Re: Extra to Invest
Yea, I guess if I am not willing to use it as long term investing, probably a CD is the best route. Anybody have and suggestions on the best place for a 6-9 month CD. I get a little leary of putting my money with some place that I never heard of.
- RickBoglehead
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Re: Extra to Invest
Ally No Penalty CD.
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