What’s the best investment if I have a timeframe of 2-3 years? I need the money for business school in a few years - right now the moneys just sitting in a wealthfront account, risk setting 8

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Highest return, zero risk you can find. CD, introductory savings account, etc.

3 years is too soon to be investing (bonds or equities).

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$100,000

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@Analyst OP Nice! Looking to go to b-school in the next 2-3 also. Any tips for saving up? You’ve pretty well so far. Also, are you foregoing retirement?

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Nah I’m still contributing to 401k rn. Was pretty lucky to get out of college with no debt (parents helped), and I took high paying summer internships during college and saved that money. As for saving I just do an automatic transfer from my checking acct and that way I don’t really notice it haha

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How much money? NetSpend checking accounts earn 5% up to $1K each (you can have 5 accounts). Heritage Bank offers 3.3% on balances up to $25K.

I would say CD. There is a reasonable (likely?) risk of a recession in your timeframe which would make pulling your money from investments a loser.

75% bond fund and 25% large cap fund

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Is it too late in our lives to jump into a mortgage?

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Is life insurance a priority to anyone at the moment, and if so why is life insurance important to you?

It can be impossible to deal with financial losses due to declining health or unforeseen circumstances by not having life insurance. In these cases, the solution to your debts (that can affect the financial stability of you or your loved ones) may fall within the category of life insurance.

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Why are properties in NYC so damn expensive? At this point should I just move elsewhere?

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Anyone interested in property (land ) purchase in Group..

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Request you all to provide 11 likes to unlock the features .
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Additional Posts in Personal Investment Chatter

Is it too late in our lives to jump into a mortgage?

So my fiancée and I are relatively late in terms of finally landing well paying jobs and being able to save money instead of living paycheck to paycheck. We’re both 36 and currently rent a 2 bedroom in NY and have a combined savings of $35,000 which she wants to use as a down payment on a condo. I kinda just wanna continue saving while renting. I also literally just started contributing to my 401K so I’m also late in the game for that too.

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Is this for real?

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My company matches 3%. Is that low or on par?

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After figuring out FI/RE I am less motivated.

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Question on after-tax contributions. I’ve recently upped my contributions to after tax through payroll (already maxing our 401k+contributing to traditional Ira to be converted to a Roth shortly contd

Brand new to investing! Husband and I are 37, don’t have any investments other than the home we currently own. Sitting on atleast 100g worth of cash....

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