7[31 Suppose you have a few hundred thousand dollars in the bank earning
minimum interest rate and you're not sure whether you're going to
buy a house in 1-5 years. Should one put that money in a more
risky place like Vanguard ETFs and index funds, given that the
horizon is only 1-5 years?
\_ I have a very similar problem, in that I have a bunch of cash
I need to use for a remodel in the next 1-3 years. I don't
know for sure what to do with it, but I think that the
stock market is too risky for something that you really
want. I am probably going to put it into CSJ. Let me know if
you come up with a better plan.
\_ why are you waiting for remodeling? It's not like the cost
of remodeling will fluctuate wildly like stock or even
real estate.
\_ It takes a while to get the architect to write the plans,
get it through planning, etc. We got the money by
taking a second out on our house and wanted to lock
in interest rates now. |