I intend to make a large cash purchase approximately 4-5 years off of about $100,000. Despite what might look good on a spreadsheet (financing), I'm married, and since it's a hobby purchase, it's cash or nothing.
I started a separate savings account about a month ago and will be able to put about $20-25k / year into it.
That leaves 4-5 years until I can make the purchase.
My question is, do any of you have any ideas on the best ways to reduce that. Obviously this is not a 30+year investment so limiting risk is more important than higher yields.
Right now, with no searching whatsoever, was me glancing at a bank ad last time I was making a deposit and they had 6month CDs at 1.3%. Sure, I could put each new deposit into one of those and roll them over as they mature. But there has got to be a better option right?
Submitted July 10, 2017 at 09:01AM by fknr http://ift.tt/2uHYiI1
