Fourtitude.com - Short - Medium Term Savings
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    1. Member CostcoPizza's Avatar
      Join Date
      Jan 20th, 2008
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      5,350
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      '12 MINI Clubman S '85 Mercedes-Benz 280CE
      03-14-2017 09:30 PM #1
      Hey semi-active sub forum!

      Where do you guys park your money for short-medium terms?

      Say 5 years or so?

      Possible scenarios within that time frame:
      -I want to fund a side-project
      -There's an economic downturn and I want to buy stocks or housing while its "on sale"

      Thank you

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    3. Member
      Join Date
      Nov 10th, 2002
      Location
      NJ
      Posts
      2,662
      03-15-2017 10:07 PM #2
      Some online bank that get better interest than the bank around the corner.
      Current: 2015 RPGM Chevy SS Sedan 6spd - 2000 Chevy K2500 - 2013 Honda Odyssey TE
      Past: 2011 JSW TDi 6spd @100k - 2006 Honda Accord Sedan V6 6spd @170k - 04 VW Passat W8 6spd Wagon @123k - 1996 Mazda Miata 5spd Base @257k - 2003 Jetta GLI 24v 6spd @74k - 1993 Jeep Grand Cherokee V8 @303k - 1991 Honda Accord LX 5spd @151k - 1993 Toyota Corolla 5spd Base @154k

    4. Member rich!'s Avatar
      Join Date
      Feb 18th, 1999
      Location
      SoFLA
      Posts
      9,567
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      '12 Touareg TDI, '14 CC
      03-16-2017 12:04 PM #3
      5 year cd ~2% ? sure it will go up more in the coming year
      FireVortex (sorry, no more)... bunch of VWs.
      I came back for #Dieselgate

    5. Member CostcoPizza's Avatar
      Join Date
      Jan 20th, 2008
      Posts
      5,350
      Cars
      '12 MINI Clubman S '85 Mercedes-Benz 280CE
      03-18-2017 11:10 AM #4
      Quote Originally Posted by rich! View Post
      5 year cd ~2% ? sure it will go up more in the coming year
      Considered it-- but then the chance that I want to use the money in year 3 means I'll be penalized.

    6. Member rich!'s Avatar
      Join Date
      Feb 18th, 1999
      Location
      SoFLA
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      9,567
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      '12 Touareg TDI, '14 CC
      03-20-2017 08:51 AM #5
      yep, kinda the trade off. unless you setup a ladder.
      FireVortex (sorry, no more)... bunch of VWs.
      I came back for #Dieselgate

    7. 03-28-2017 06:02 PM #6
      Quote Originally Posted by rich! View Post
      yep, kinda the trade off. unless you setup a ladder.
      A CD ladder is the best way. That way you get the highest interest but don't have all your money tied up for 5 years.

    8. n00b
      Join Date
      May 3rd, 2017
      Location
      United States
      Posts
      7
      Cars
      Honda civic esi 97
      05-03-2017 11:57 PM #7
      Some life insurance offer a 5 years commitment and after you can pull out your money with interest.

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