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Investments question
I can't find the thread from a couple years ago where everyone was talking about investing. I am looking for options for investing some cash. I would like short term like 6-12 months. Any ideas?
Need to know around how much cash you're talking about. $500 or $50k is big difference on what to do.
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5-10k depending on optionsOriginally Posted by Firehaus
And your debt free other than a house?
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Precious metals.
I like sex, drugs and automatic weapons. That's why i'm a dues paying member of the Libertarian party. Struggling to keep the government away from messing with the above.
My Wife has her own vice.
Yes
I'm kind of an ahole when investing. When hurricanes destroy cities, I invest in Lowes and Home Depot. I tend to invest based on what happens in world or country.
High liquidity and short timeline will not give very good yields. You could look at short term Govt bills or CDs, but if interest rates go up this will be a bad idea.
If you think the overall market is going to go up, I'd recommend a brokerage account at Schwab, and buy a mix of SCHD and SCHA. Both pay dividends, which will give some level of return, and if you broker with Schwab there is no transaction fees to buy/sell their ETFs. These ETFs also have very low management fees. You could also look at a S&P index fund, again based upon where you think the overall market is headed. Most mutual funds will also be a poor choice given the short horizon you have listed in my opinion.
With your short time line (and assumed desire for liquidity), I don't think pure stocks are wise, as there isn't significant enough time (in my opinion) to research and identify undervalued offerings if you're not in the market full time. There is also the risk of significant loss here if you're not reasonably diversified or are in highly volatile securities.
Physical precious metals would be a wise choice if you think the market will go down/economic turmoil is incoming. Try to buy from private sellers to minimize premiums. Generic, non government bullion in large quantities would be ideal for short term holdings.
Just my .02, I'm curious to see what others are thinking.
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My father has done well with Apple stock....but I think you need more $ to buy in than you are looking to spend. Gold would be good. MGs as well.
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