Quote:
|
What are the best options for investing these savings? It's a short-term investment, so it seems like we should stay away from stocks. These savings will first be directed to our emergency fund, and then everything extra will be earmarked for business capitalization.
|
My midterm strategy is usually fairly simple.
3-5 years away - Vanguard Wellsely Fund - 60% bonds and 40% stocks/blue chips. . .when you are less than 3 years away, shift all the money into cash - CD's, money market or savings account.
If taxes are an issue, you can substitute the above with muni bond purchases.