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#1
07-12-2007, 02:35 AM
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What\'s something that\'s low risk and easily liquidiable? Mutual funds?
I'm gonna get $30k to purchase a car, and I want to invest it until I find a steal.
What route should I take? Mutual funds? Index funds? Vanguard? 
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#2
07-12-2007, 02:47 AM
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Re: What\'s something that\'s low risk and easily liquidiable? Mutual fu
If you need the money in a short amount of time, and are at all adverse to losing any of it...then do not put it in mutual or index funds. You need to put it in a interest bearing savings account or a 3-6month CD depending on when you need the money. With a mutual or index fund you could easily lose a sizable percentage in a short amount of time.
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#3
07-12-2007, 09:56 AM
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Re: What\'s something that\'s low risk and easily liquidiable? Mutual fu
I would echo what jjscott said. I don't think that putting money you will need in the near term should be invested in mutual funds, I like at least 2 years(preferably 20)for mutual fund investing to shake out the natural peaks and valleys in the market. Vanguard does have a money market account with a yield of 5.13% with a $3000 min investment that you can write checks on. It's called Prime money market fund.
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