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
'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
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
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
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.
I will just put into the fixed deposit to earn some interests.
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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