SAVING TO BUY A HOME? WHAT TO INVEST IN…?

I would similar to to save up in between $20k-$30k for the down remuneration upon the home. I have the assets account, though the seductiveness is so low it doesn’t have the genuine profit. What can I deposit in which will give me the aloft distinction though not as most risk as investing in the batch market. Also, take in the thoughts the idea is reduced term, probably, 1-2 years.

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{ 6 comments }

lizzgeorge August 20, 2011 at 5:58 am

Use a high yield savings account or money market fund–both are currently earning over 5%. I use the Vanguard Prime Money market fund, but other choices include emigrantdirect, ing direct, and other money market funds. Search bankrate.com for the companies offering the highest interest rates.

Note: Some CDs are dcurrently offering competitive rates around 5% as well, but don’t tie your money up for longer than 6 months or a year. There’s no need to when regular savings accounts can give you the same return.

destin1107 August 20, 2011 at 6:49 am

Try your 401K thru work.

I personally think that you’ll be able to get more $$ especially if your company matches your contributions.
If this is your first home, you can use your 401K as a down payment.
If you don’t know what your company’s % match is, or the vesting schedule, go see your HR rep. They will be able to help you.

good luck!

PS – your return rate all depends on how aggressive you want to go.
I was very lucky that in 2005 my return rate was 33% and in 2006 it was 44%

sxyldy1820 August 20, 2011 at 7:42 am

You can always invest in a mutual fund. Yes, it is in the stock market but they are much more stable than an individual stock. Try an investment that has it’s objective as current income- like an Equity Income fund. I can’t think of any investment that would yield 20-$30k in 1-2 years without it being into the stock market- or being non-risky. Good Luck!

Terrence B Knows August 20, 2011 at 7:44 am

its all risky

just get going with an online business
and start earning some income with that.

http://www.moneyrushonline.com

PT August 20, 2011 at 8:32 am

Congrats on your decision to purchase a home. Since you are short-term with this, I would highly recommend an ING Direct orange account or. It pays 4.5% interest and it has no fees, ever! Plus, your money is FISD insured. Therefore, NO RISK!

I was actually in your boat about a year ago and I’ve used this account to save for my home. I’ve earned more than $400 in interest!

Besides ING Direct, there are several “high-interest”, “online-only” savings accounts out there that would be perfect for this. For a good list of these, check out the link on my blog post: http://ptmoney.blogspot.com/2007/05/10-t...

The only cons of the online-only type of account is the short wait for your money to transfer. If you need to access your savings immediately (one day), then you might not want to use an online account as they can take 2-4 days.

You can’t beat the interest though. Good luck!

PT
Prime Time Money
http://ptmoneyblog.com

miroooslav August 20, 2011 at 9:07 am

i did this with a $1000last year and now i have over
$60 000 cash great company.

http://www.makemoneyfromelectronics.com

search it up in yahoo thats where i found it to also in google the wesite and you will get alot of answers from it great business easy too bye bye hope i can help.

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