I have $100,000 to invest. I am 63 and will want it to purchase a home at 66. Where should I put it for now?
November 22, 2014
Three years is not enough time to invest for growth, so you should consider extremely safe and conservative investments for these funds if you can not afford a loss. Your safest route will be FDIC-insured accounts. If you want to get more creative and can stomach some loss for a chance of gaining, a blend of highly rated short-term bond funds and other income producing funds may work depending on your willingness to take risk. I would advise most to consider keeping it in the bank.