Chicken money investments
Have 60% in Vanguard, 20% real estate (0 debt) & 20% parked bank @ .04%. (80K ) was thinking to put in CD 3 YR.. BUT NOT sure. Do not forsee needing for at least 5 yrs.. searched bankrate for CD rates. Thank you for your opinion!
Terry Says
Let me ask you one question: How much of that "20%" can you afford to lose?? That's a serious question! I have no idea of your age, stage, or goals in life. If you are a retired, I can see how you might want to keep that portion half in a MM fund, and perhaps half in a 3 year CD (maximum is 3 years, no longer). If you're younger and saving for a house, keep it in the MM fund -- different goal than a senior seeking income. And if you're mid-career, you might want to see if you're contributing enough to your IRA or 40l(k). But this is your decision.
