| T.R | Title | User | Personal
Name | Date | Lines |
|---|
| 617.1 | Savings | KOALA::BOUCHARD | The enemy is wise | Wed Nov 17 1993 14:15 | 9 |
| What's wrong with a savings account? I'm quite serious, I wouldn't
want to put money I need in 3-6 months in any vehicle carrying any
risk.
You could look for a 3-month CD, but you'll probably find that the
difference between a 3-month CD and a savings account is pretty small.
I believe you have 2 years to roll the gain into a new primary
residence.
|
| 617.2 | or for low risk, low return, and tax free | MIPS16::WARE | Ralph Ware | Wed Nov 17 1993 15:28 | 2 |
| what about a tax-free money market fund?
|
| 617.3 | low risk tax free | BUMP::BJORGENSEN | | Wed Nov 17 1993 16:18 | 2 |
| A second for a low risk tax-free money market fund. You should
be able to get 2-3ish percent tax free.
|
| 617.4 | State Based Tax-Free Fund | TRACTR::HUSTON | Jeff Huston | Wed Nov 17 1993 16:34 | 5 |
| I was in the same position last year and put my cash in the Mass
Tax-Free Fund at Fidelity. In an environment of dropping interest
rates the investment did reasonably well, with little risk.
Jeff
|
| 617.5 | | REDZIN::DCOX | | Wed Nov 17 1993 16:58 | 13 |
| This should be a no-brainer. Put it in a Money Market account. That way, you
can count on having the money you need when you need it..
Even a Tax-Free Muni fund will have FMV flucuations. The last thing you need
is to pull out your money the day after some interest rate rumor causes your
fund's fmv to drop.
You'll sleep better at night.
As Always, For What It's Worth.....
Dave
|
| 617.6 | | VMSDEV::HAMMOND | Charlie Hammond -- ZKO3-04/S23 -- dtn 381-2684 | Thu Nov 18 1993 09:37 | 12 |
| Tax Free Money Market.
re: 617.4
> I was in the same position last year and put my cash in the Mass
> Tax-Free Fund at Fidelity. In an environment of dropping interest
^^^^^^^^^^^^^^^^^
> rates the investment did reasonably well, with little risk.
^^^^^
Yes, but if interest rates had risen, you'd have lost. I don't
think that now is a good time to bet that rates will not rise.
|
| 617.7 | MASS TAX-Free FUNDS | STRATA::SHANKAR | | Thu Nov 18 1993 11:19 | 13 |
| Ref: 617.4
I believe that there are two MAss tax free funds at Fidelity. ONe
is a money market bond and the other is a 'High Yield' tax-free which
invests in muni bonds. Does anyone know what are the approximate
returns on the two during the last year, last month etc. (or does
anyone know the exact names of these funds, so that I can myself
look it up in WSJ) Thanks.
Raj
|
| 617.8 | Money market fund is 2.05% | USCTR1::BJORGENSEN | | Thu Nov 18 1993 11:27 | 1 |
|
|
| 617.9 | ..be safe, not greedy | ISLNDS::HUTNICK | | Thu Nov 18 1993 15:41 | 13 |
| If the the sale of your house yielded a profit (sale price - purchase
price - expenses during the period), the the IRS says that you have 12
months to reinvest it in a 'similar' type of investment (which would be
another form of primary residence). THis would not apply to any portion
that is equity (down payment, principal paid) you made on the first
house. IF you do not reinvest in a similar investment, then the IRS
will view that profit as short-term or long-term capital gain and will
be subject to a tax rate in which bracket you will be in.
If you are looking to invest this $50K someplace for the next 3-6
months in order to buy another house.......DON't take any chances and
don't get greedy!!! You will sleep better if you simply put it in a 3
or 6 month CD. I know it only pays 2 - 3% but it is SAFE and the market
is volatile at present. Mark
|
| 617.10 | | NOTIME::SACKS | Gerald Sacks ZKO2-3/N30 DTN:381-2085 | Mon Nov 22 1993 09:27 | 3 |
| re .9:
Last I looked, you have to buy a residence within 2 years, not 1.
|
| 617.11 | for 3-6 months, bank it. | ZENDIA::FERGUSON | Red X | Fri Dec 03 1993 18:26 | 6 |
| Whatever to decide, don't buy into a fund that has a load!
I have $ in MA TF Scudder and Dreyfus. Scudder is doing a bit better;
WSJ gives the scudder fund an "A" and the dreyfus one a "D"...
if i were you, i'd bank the $50k in at a FDIC insured bank.
|
| 617.12 | A LITTLE MORE RISK & 2X-3X TIMES THE RETURN!!!!! | POBOX::PATEL | | Mon Dec 20 1993 13:35 | 15 |
| If you do want to take a little risk and are willing to put in some
effort, get into the "SAFER" "HI-YIELD FUNDS". Now a lot of RED flags
get raised when anyone says that but if you watch the price action and
have a sell-stop 3-5% below the BUY price you can make 8%-10% on you
money for the short term and get-away in this low-inflation/low-growth
phase. Interest rates may go up and affect you investment, but in this
environment, you can get 2x to 3x money market rates-IF YOU ARE WILLING
TO DO SOME HOMEWORK EVERYDAY.
This is definitely not as safe as MONEY MARKET or INSURED CD, but you
definitely did not ask the question "Where should I put the money?" to
just get the "default" answer. Hi Yield would be the answer if you are
willing to take some risk and do some home work (2x to 3x!!!).
KP
|
| 617.13 | Don't gamble | KOALA::BOUCHARD | The enemy is wise | Mon Dec 20 1993 17:07 | 6 |
| Just one opinion, but I disagree completely with .12. Money which one
expects to use as a down payment on a home in a relatively short period
should not be gambled with.
Over the last few years it has been hard not to do well in either the
stock or bond markets, almost across the board. This is atypical.
|
| 617.14 | How about Scudder Short Term Bond | NAPIER::VERMA | Virendra, MRO4-3/H10, DTN 297-5913 | Wed Jan 05 1994 17:21 | 2 |
| Scudder Short Term Bond is quite stable. Currently, it's average
return is about 6%. A good place to park your money!!
|
| 617.15 | | ZENDIA::FERGUSON | Red X | Wed Jan 05 1994 22:25 | 8 |
| re <<< Note 617.14 by NAPIER::VERMA "Virendra, MRO4-3/H10, DTN 297-5913" >>>
-< How about Scudder Short Term Bond >-
>Scudder Short Term Bond is quite stable. Currently, it's average
>return is about 6%. A good place to park your money!!
i just sold my stake in this one; i think over the last 3 months, its
average was about 5.5% or so, with _very_ little share-price movement.
|