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Finance & Stock Groups Forum Index » Financial Planning » Where to put $5k for 6-8 months?
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| Sam |
 Posted: Sat Aug 18, 2007 3:09 am |
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Guest
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I have about $5k to invest but only for about 6-8 months, where
would you put it? I was thinking adding it to my existing investment
in Vanguard 500 Index. Or because of the short time frame should I
just put it in my Money Market account? What I need it for in 6-8
months is not set in stone, if something bad happens with the
investment I will still be ok.
Thanks
Sam |
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| joetaxpayer |
| Posted: Sat Aug 18, 2007 3:33 am |
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Guest
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Sam wrote:
Quote: I have about $5k to invest but only for about 6-8 months, where
would you put it? I was thinking adding it to my existing investment
in Vanguard 500 Index. Or because of the short time frame should I
just put it in my Money Market account? What I need it for in 6-8
months is not set in stone, if something bad happens with the
investment I will still be ok.
'Invest' only happens longer term. What you want is to 'park' it for 6-8
months. A CD is fine or MM, depending on rates.
Pretty much anything else is speculating.
JOE |
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| Dave Dodson |
| Posted: Sat Aug 18, 2007 3:43 am |
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Guest
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On Aug 17, 6:09 pm, Sam <neverchecke...@hotmail.com> wrote:
Quote: I have about $5k to invest but only for about 6-8 months, where
would you put it? I was thinking adding it to my existing investment
in Vanguard 500 Index. Or because of the short time frame should I
just put it in my Money Market account? What I need it for in 6-8
Quote: months is not set in stone, if something bad happens with the
investment I will still be ok.
If you _need_ it in 6 to 8 months, put it in a money market account or
a CD. If you _don't need_ it for several years, go with the S&P 500
index fund. If you don't know whether you will _need_ it or _won't
need_ it, be conservative. That's my 2 cents worth.
Dave |
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| Sam |
| Posted: Sat Aug 18, 2007 1:00 pm |
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Guest
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Yeah, park it sounds more like what I am wanting to do. I think.
My hang up is that I am not really sure that I will need it in 6
months.
Thanks for your responses. |
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| W. Wells |
| Posted: Sun Aug 19, 2007 2:16 pm |
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Guest
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You are talking about $125.00. If you have a credit card pay it off/.
"Sam" <neverchecked40@hotmail.com> wrote in message
news:1187389441.281132.244720@w3g2000hsg.googlegroups.com...
Quote: I have about $5k to invest but only for about 6-8 months, where
would you put it? I was thinking adding it to my existing investment
in Vanguard 500 Index. Or because of the short time frame should I
just put it in my Money Market account? What I need it for in 6-8
months is not set in stone, if something bad happens with the
investment I will still be ok.
Thanks
Sam
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| ChampDog |
| Posted: Wed Aug 22, 2007 1:29 pm |
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Guest
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| I will just put into the fixed deposit to earn some interests. |
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| rick++ |
| Posted: Wed Aug 22, 2007 6:46 pm |
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Guest
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It looks like short term rates are soon falling from 5% to 3%
due to the current economic thrashing. I'd vote for a CD to
wit this out. |
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