What to do with my money?! - Lateral-g Forums

spacepirate · #1 05-07-2012, 01:34 PM

Hey guys,

I've seen the investing thread and wanted to ask a couple questions. I'm saving for a down payment for a home within the next year or so in the Socal area. The goal is somewhere around the 40k range and I currently have 20k saved. Right now the money is just sitting in the bank and I feel I should do something better with it. Does anyone have any suggestions?

sik68 · #2 05-07-2012, 04:34 PM

I'm no GW, but if it's money you need within a year, it's too risky to invest it in anything that could give you a meaningful return. Keep it in the savings acct imho.

John510 · #3 05-07-2012, 04:53 PM

Save it in a credit union acct. Don't invest money you need soon.

spacepirate · #4 05-07-2012, 05:02 PM

Yeah, that's basically what I'm thinking but wanted to ask others. Maybe GW witll chime in!!

**Rybar** · #5 05-07-2012, 05:04 PM

GW wont really have a solution for you to double your money in one year, unless you take some risks with it. That's not what he preaches.

spacepirate · #6 05-07-2012, 05:54 PM

Yeah I'm not looking to "double" my money so much as just thinking of a better way to make it work for me instead of just sitting in my savings.