Best short term investment

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Jcvece
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Joined: Fri Dec 08, 2017 8:04 pm

Best short term investment

Post by Jcvece » Fri Jan 19, 2018 10:43 pm

I currently have 90k in liquid cash that I have set aside for a backyard makeover. Due to the timing of my contractor it looks like I won’t be starting my project for another 9 months. I am wondering what the best investment would be for that time period. Should I put it in a short term CD or other small interest investment or dump it into my TD Ameritrade account and take advantage of a strong market? Any advice is appreciated.

Thanks

mega317
Posts: 2013
Joined: Tue Apr 19, 2016 10:55 am

Re: Best short term investment

Post by mega317 » Fri Jan 19, 2018 11:04 pm

How much of that 90k do you want to be sure is available in 9 months?

The bottom line is there is no way to get creative here. A savings account could get you ~1.3%. A short-term bond fund might get closer to 2% but you could lose just as much in the meantime. And we're talking about swings of a few hundred dollars on 90k.

My guess is your best bet is the Ally no penalty CD.
Last edited by mega317 on Fri Jan 19, 2018 11:12 pm, edited 1 time in total.

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Sandtrap
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Re: Best short term investment

Post by Sandtrap » Fri Jan 19, 2018 11:10 pm


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Jerry55
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Re: Best short term investment

Post by Jerry55 » Sat Jan 20, 2018 12:48 am

Per the two posters above ? Yep and Yep.

I put my short term investments/emergency funds in those, and in my case ? Capitol One 360 MM (about 1.3%)
Retired CSRS on 12/19/2012 @ age 57 w/39 years | Good Bye Tension, Hello Pension !!!

Jcvece
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Joined: Fri Dec 08, 2017 8:04 pm

Re: Best short term investment

Post by Jcvece » Sun Jan 21, 2018 1:29 pm

Thank you so much for the recommendations. I truly appreciate it.

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fortfun
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Re: Best short term investment

Post by fortfun » Sun Jan 21, 2018 1:45 pm

Use this link and get a $500 dollar bonus at capital one and a great rate too!
capitalone.com/my500bonus

FogCity
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Joined: Fri Aug 18, 2017 1:34 pm
Location: SF Bay Area

Re: Best short term investment

Post by FogCity » Mon Mar 19, 2018 4:17 pm

FYI, I came across this posting in a search for short term investments. I tried the link to Capitalone.com/my500bonus, and it took me all the way through the account sign up process. However, at the end it said "Congratulations, you have opened a Money Market account with us...but your bonus coupon code is invalid". So no extra $500 bucks for me, and no notification that the code was invalid until after I was signed up. Oh well.

By the way, good luck with the backyard project!

radiowave
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Re: Best short term investment

Post by radiowave » Mon Mar 19, 2018 7:33 pm

Kind of an old thread, but Ally Bank savings is currently at 1.45%, 6 month T-Bills at 1.9%.
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