Investment

[the_clockwork]

I am saving for a new house (about one year from now) I am getting married and want to get a bigger house, I own one now but still paying on it.

I want to put about 800 a month into some kind of fun for the next year for some more down payment on the future house. What is the best way to yield the most I can from this?? I am willing to take some risk but not a lot. I've never dabbled in the stock market but I know some about it (definately not a lot).. as of right now I have $2500 for the new house down payment.

 

[the_clockwork]

anyone?

I think I'm going to stagger some cd's

 

[alien amp pharm]

Well at the very least you can find 5% yielding investments with your bank. Most have at least a 1 year term though.

I am going this route until I can come up with a better solution with my money.

 

[Creepusmaximus]

anyone?

I think I'm going to stagger some cd's

Look into high yield stocks. Pick a big cap.

 

[chewyxrage]

Well at the very least you can find 5% yielding investments with your bank. Most have at least a 1 year term though.

I am going this route until I can come up with a better solution with my money.

There are many e-savings accounts that give 5% and you can move the money whenever you need.

Gotmilk gave me a good link, Citibank has some deals going on now when you open an account they give you $50 or $100.

 

[bigrob215]

other than your existing mortgage, do u have any other debts? payoff all credit cards, school loans, etc, and put away at least 3-6 months salary in an emergency savings account that you can have access to in case you lose your job or your disabled for a while. also have the honeymoon, rings, and wedding expenses paid off. once all of this is in order then u can save for that newer home by using a high interest yeilding vehicle that the other guys mentioned above. good luck and congrats on the upcoming wedding.