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      08-02-2017, 08:52 AM   #13
David70
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Drives: 06 Z4M Coupe - 13 Cadillac ATS
Join Date: Apr 2012
Location: Cincinnati, OH

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If you need the money 6 months from now there isn't anything that is both super low risk and at the same time will pay you a substantial amount of money.

CD's are completely safe but you find one paying 1% for 6 months and are investing $30k you are looking at a giant profit of around $150 which you will then pay tax on. Better than nothing and worth opening the account but not substantial.

Stocks are a great longer term investment but faced with 6 months time there is a chance you could lose 20% ($6k in the above). No financial adviser would recommend it.

I also do lattering for CD's for part of my emergency fund (see above) but it doesn't apply to cases where you need all of the money a short time from now.
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