I have $6,000 saved that I'll need in 6 months. What should I do with it in the meantime?
I have $6,000 saved that I'll need in 6 months. What should I do with it in the meantime?
I'm willing to wager that there's no risk free option that will yield you any return big enough to make it worth your effort. Just put it into savings and grab it when you need it.
6k on what Ozzy is on in this video.
Put it all on Justify in the Preakness. Duh.
any savings up to at least 3 monthly wages are left as cash reserve with immediate availability. The washing machine might break tomorrow.
6k is "nothing".
SF k CG bfk wrote:
any savings up to at least 3 monthly wages are left as cash reserve with immediate availability. The washing machine might break tomorrow.
6k is "nothing".
Right answer.
6 month CD FTW
Put it in a diverse portfolio of mid-risk stocks, brother.
Also, save a little more and you can buy a used Honda!
Disciple of Flagpole wrote:
Put it in a diverse portfolio of mid-risk stocks, brother.
Also, save a little more and you can buy a used Honda!
Easily risk loss of capital in that short a timeframe. And the more you diversify, the more trading fees eat into your investment.
Fail.
seattle prattle wrote:
Disciple of Flagpole wrote:
Put it in a diverse portfolio of mid-risk stocks, brother.
Also, save a little more and you can buy a used Honda!
Easily risk loss of capital in that short a timeframe. And the more you diversify, the more trading fees eat into your investment.
Fail.
Oh ho ho, brother. No, my answer is definitely the correct answer. His mistake would be to take it out after 6 months. Using my plan, he would see adequate gains, as long as he doesn't panic and pull out. Yessireee, I'm correct.
On the other hand, if he bought a used Honda, he'd have access to safe, economical and dependable transportation for many years to come.
seattle prattle wrote:
I'm willing to wager that there's no risk free option that will yield you any return big enough to make it worth your effort. Just put it into savings and grab it when you need it.
Bank it and you will earn enough to buy both you and your best friend a slice and a soda.
National Savings Rates Average*
Type: Savings
0.32
%
APY
Change -0.01%
* Average is based on banks tracked on MyBankTracker.com
Buy a nice suit or two then go out to dinner
Litecoin is low, buy buy buy
SF k CG bfk wrote:
any savings up to at least 3 monthly wages are left as cash reserve with immediate availability. The washing machine might break tomorrow.
6k is "nothing".
I already have 3 months saved up (this 6k is in addition to that, and other savings)
...and I don't own a washing machine
flagpole_endorsed wrote:
6 month CD FTW
It's either this or the Preakness
T Bills
CD
Your state Muni Bond Fund
Ally Savings Account
The three best options:
1) Bitcoin.
2) Blackjack, all in, consecutive hands until you're over 100k. Then take 10k out of the pot and keep going with the rest of the money. Get to $5 mil. Retire.
3) Hookers and blow.
You have no choices with this money. Put it in a savings account and let it ride for 6 moons.
invest in this incredibly bullish market. a lot of good stock picks with good upside in the next 6 months and very liquid.
Put 4,000 in savings and just let it sit.
Take 2000 and put it on Crypto, specifically:
Onthology - 1000.00
ICON - 500.00
VCHAIN- 500.00
IN 6 months you will have at least a 2000.00 profit. Sure thing.
Thank me later.
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