I do not need most liquidity for during slightest 5 years, so I will traffic liquidity for reduce risk.
Right now, the income is in supervision holds (<4%APR) sappy in fifteen years. (very slow)
Here have been the little some-more details:
I am the student, usually married, no kids(yet), I rent, as well as wish to get the top lapse usually since I have the raise of income which won’t be indispensable until or if something bad happens.
thanks for the answers so far.
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Money market accounts are pretty good. Some require as little as $1000 to open them. Other banks may require larger deposits. Check with your local bank.
5 years is still short term (remember the stock market bubble of 7 years ago (March 2000). The S&P 500 and the NASDAQ have not recovered to their pre “bubble burst” highs yet. Try http://www.bankrate.com for the nations highers rates on 5 year CDs.
Invest in what? Retirement? Roth IRAs are tax free and like if you need the money you can withdraw what you put in minus interest after 5 years, and if you put the most you can put in every year for like 20 years it builds enough interest to retire with 2-4 million dollars
Putting it down on a mortgage would be a good investment because it goes directly to the principle. Or you could try RRSPs to bring you down to a lower tax bracket.
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