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Updated over 1 year ago on . Most recent reply

Where to invest short term
I have about $36k to invest before we buy a duplex this winter. I hate to have it sitting in a CD earning barely any interest. Was looking at REITS but feel like the market is a little all over the place right now. Any recommendations?
Most Popular Reply

A timeframe of less than 6 months is extremely difficult to plan for "investment" wise. Your best bet is to keep the money in CD's. You can find 3-6 month cd's with a 5+% yield.
"Investing" the money over this short period of time, especially with a goal of buying properties soon, would not be the best move.
Let's say your best case scenario of investing is a 10% gain. So now you have ~$39,600, but owe income taxes on the ~$3,600. Does that dramatically change your purchase plans?
Or the worst case scenario is going down 10%, does this knock you out of a purchase?
Investing = long term
Saving = short term, Keep saving the money, enjoy the predictability & use it to plan your purchase.