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![]() Hello Jesse and Mel, :)
> Any thoughts on solid, short-term investment > vehicles, with the lousy state of the market > these days? Jesse, I can share with you what I know.... Give me a bit of time to get my thoughts together on this.... However, what I know about BEST are long term-type investments, a "buy and hold" type of strategy, like Warren Buffett uses. But, I know there are also ways to get short-term knowledge too -- probably the most solid short-term approach (which is still legal) is to look for possible takeover targets! I know some people make regular money doing this ... but it sure must help to have connections to do things this way. > My dilemma is that I want to buy a house > within 1-2 years, and want to make a > significant down payment to minimize or even > eliminate the amount that will have high > interest payments applied. So I don't want > to tie up my money in mutual funds and the > like. One of the things I LOVE about stocks is the liquidity! As soon as you want the money for something else, you can sell immediately. I love the flexibility.... :) > But I know that my current approach of just > putting the funds in a money market account > is hardly a high leverage activity (shame on > me! :). > Normally CD's would make sense in this > scenario, but the rates are so poor these > days. > Anyway, I'll conclude my rambling here, but > I'd be extremely grateful for any wisdom or > advice that any fine member of this board > can bestow upon me! Okay, Jesse, I'll write up a more detailed post on what I know.... Look for it probably later today. - Dien |
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