What short term investment (six months) makes sense for $50,000 in cash?
I have some cash to invest until I buy a house next year, not earning anything at the bank. Do you have any suggestions?
Terry Says: Well, I’m not sure you’ll think this “makes sense” — but the only short-term investment that does not carry the risk of loss of any of your principal is a bank money market deposit account or 6-month CD! Go to www.Bankrate.com to find the highest yielding insured MM accounts and CDs.