Investment options for the young and the restless?
January 26, 2007 11:03 AM Subscribe
A friend needs to find a good place to park some money that will ultimately be used for house down-payment purposes. Help me come up with a few good investment options.
posted by killdevil to work & money (23 answers total) 11 users marked this as a favorite
My friend has around $100k sitting in a low-yield savings account. It pains me to see the cash left there when better options are legion.
Key points: the money will be invested for around 1-3 years. I think one or two good mutual funds would be a reasonable choice, but am not really an investor myself so I don't have specific funds or fund families to which I can point my friend.
Other options are welcome, of course, provided they are relatively conservative and are low-maintenance (i.e. they do not require active monthly monitoring; keep in mind that my friend is relatively young and is not an experienced investor).