investment question/advice....

[iamme]

best 6-month investment for about $30,000?

total investment n00b, so be nice 🙂 if there are good resources, please lmk. something relatively safe. i suppose gov't CD's are as safe as they get, right?

 

[iwantanewcomputer]

obligatory VFINX

 

[Cuda1447]

Small amount of land in Florida. My girlfriends parents about 2 acres of land about 20 minutes north of me for $80,000. Now one acre is going for about $100,000, thats about 9 months later.

 

[everman]

Originally posted by: iwantanewcomputer
obligatory VFINX

That's actually a terrible idea. Since you specify a 6 month time horizon, we aren't really talking investment, we just want capital preservation. Put it in a money market account that yeilds 3.5%+ or you could use a CD, but that's a lot less liquid.

What is this money for exactly?

 

[JS80]

Treasury T-Bills are state tax exempt and have higher yields than comparable CDs. Treasury.gov

 

[jdub1107]

Originally posted by: everman

Originally posted by: iwantanewcomputer
obligatory VFINX

That's actually a terrible idea. Since you specify a 6 month time horizon, we aren't really talking investment, we just want capital preservation. Put it in a money market account that yeilds 3.5%+ or you could use a CD, but that's a lot less liquid.

What is this money for exactly?

Agreed. It you only have short time frame, you don't have many options. Look around for the highest yielding CD or savings account.