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Beginner Investing/low risk investment options for $4000
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Question
I recently sold my house and paid off all of my debt with the profit. I have about $4000 left and would like to invest it in a way that will help me save/earn money for a down payment on a new home in 1 to 2 years. What do you think I should do with it? Thanks for your help.
Simple savings account in the bank is best. You might try money market funds at the bank also. You could also consider US Savings bonds, found only the the bank. I do not like the stock market or mutual fund market right now.
Dr. Joseph de Beauchamp
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Answers by Expert:
Dr. Joseph de Beauchamp
Expertise
I`ve been teaching MBA students around the world for the past 15 years. I have covered over 50 stock markets and published on over 2000 public companies. I review and check on nearly 6000 financial reports a year. I would be glad to help out with questions.
Experience
Past/Present Clients
Over 2000 public companies.
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