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Where would you invest $200k for the short term ~ 12 - 18 months?

3,164 Views | 12 Replies | Last: 7 mo ago by TxAg20
Reload8098
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2:36a, 4/1/24
AG
Have about $200k from a business deal I closed and we plan on using about 80% to renovate and enlarge our home. Probably about 12 months, maybe 18 away at the outside, from being ready to take on project as I'm traveling a lot right now.

Where would you place it?

Would really appreciate ya'lls thoughts.
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Brian Earl Spilner
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7:10a, 4/1/24
AG
A money market fund such as SVWXX, with ~5.2% APY.

Or any HYSA.
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Petrino1
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8:18a, 4/1/24
HYSA.
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MRB10
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9:11a, 4/1/24
AG
80% in money market @ 5% interest
20% bitcoin
“There is no red.
There is no blue.
There is the state.
And there is you.”

“As government expands, Liberty contracts” - R. Reagan
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LMCane
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In reply to Brian Earl Spilner • 9:43a, 4/1/24
Brian Earl Spilner said:
A money market fund such as SVWXX, with ~5.2% APY.

Or any HYSA.

is that the correct ticker symbol?

or SWVXX?

is a 5% return guaranteed for how long?

wouldn't treasury bonds for 2 years be a good play here?
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Brian Earl Spilner
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In reply to LMCane • 10:31a, 4/1/24
AG
Well the money market is almost fully liquid, with just one day to settle a sale. Personally I'd go with that over bonds.
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Dill-Ag13
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11:38p, 4/1/24
AG
VTI
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fulshearAg96
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10:25a, 4/2/24
AG
marcus.com has some impressive rates for savings and CDs
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OldArmyCT
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11:17a, 4/2/24
AG
Any HYSA current rate is sure to decline in <2 years, find a 2 year CD in the $4.5-4.8% range and get it. Secondary market is even better as you can sell with no penalty if you need the money early. Or get a 1 year in the 5.2% range with half and a 2 year with the rest.
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txaggie_08
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In reply to OldArmyCT • 11:44a, 4/2/24
AG
He needs the money in 12-18 months.


OP, if you do need the money no sooner than 12 months then a 1 year CD may be best. I'm already seeing HYSA rates come down below 5%, but I can still find one year CDs over 5%.
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Reload8098
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9:49p, 4/2/24
AG
Thanks for all the feedback. Traveling all week but will make a decision next week when I'm back in SA.
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SW AG80
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In reply to Reload8098 • 6:58p, 4/7/24
AG
About a week ago I got a 5.1% CD at Jefferson Bank.
Three month maturity so I'm sure it will be a little lower then.
Makes it easy being local though. That's worth something to me.
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TxAg20
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7:47a, 4/9/24
AG
Ask your FA about a "structured note". You should get 8% or better with very low risk.
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