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Where shoud I invest 150K for short term?

April 26, 2017Business Finance invest Investing short shoud term

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Where shoud I invest 150K for short term?

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Well, for no risk, you could buy a bunch of CDs and ladder them. 1 year CD- 30k 2 year CD- 30k 3 year CD- 30k etc. If you don’t want your money locked up, look for some high interest rate FDIC insured online savings account. Right now there are several paying 5.30% or more. Go to bankrate.com to find them and the CDs. If you want to introduce a little risk for potential gain, maybe put the first 60k in laddered CDs and the balance in a balanced low cost mutual fund, like the Vanguard Star Fund, which has about 60% in stocks, and 40% in bonds and short term securities. UPDATE: I just looked and Countrywide bank has an online savings account paying 5.50% right now for balances over 10,000.