Investment for club
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Investment for club Our family has just set up an investment club with the purpose of generating money to be used for a family vacation in 3-5 years. We currently have $1600. We will add approximately $50-$100 per month to the fund. We are ready to invest. We would like to get some ideas on what to invest in. We have an account with Ameritrade. Mary, For your family vacation in 3 - 5 years I would recommend investment in a money market or certificates of deposit (CDs). Three to five years is not a very good time horizon for investing in the market. For the best rates on money markets, CDs and savings accounts go to http://www.bankrate.com -Geoff Mary Lentini wrote: > Our family has just set up an investment club with the > purpose of generating money to be used for a family vacation > in 3-5 years. We currently have $1600. We will add > approximately $50-$100 per month to the fund. We are ready > to invest. We would like to get some ideas on what to > invest in. We have an account with Ameritrade. |
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