How to invest $2,500
I have over $15k sitting in a savings account not earning really anything. I’d like to keep the majority in that savings so I have cash on hand for emergency, and because I’ll be purchasing a home within the next year or so. If I want to put $2,500 into another investment/savings product to earn more money, and not access it, what do you recommend? I already took your advice and have dabbled with my first Tbill of $100 with a six month maturity.
Terry Says
Well, now that you have your TreasuryDirect account open, that is the perfect place to put your money. You have a short-term time horizon and dont want to risk loss, so just keep purchasing T-bills and rolling them over when they mature — until you know you will be needing the cash sooner than the 3 or 6 months you would be tied up in Tbills.
