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djmcmath djmcmath is offline
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Join Date: Nov 2003
Location: West of Seattle
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Investing Question -- What to do with home equity while renting?

I recently sold my house, and am currently renting while figuring out where I'd like to live for the long term. So I've got a tidy sum of money, effectively the down payment for my next house purchase, sitting quietly in a money market account, making pretty much zero interest. While I'm comfortable accepting some risk in some of my investments, I'm loathe to accept risk with this particular money. I also kind of hate to leave all that cash just sitting there staring at me, doing nothing. Assume that my investment in gold and lead is adequate. At this point, I don't know if I'll be renting for 1 year or 3, but a 1-2 year timeline is probably a reasonable projection.

What kind of investment options do I have -- something reasonably low risk with better returns than a money market over a 1-2 year investing horizon?

Thanks in advance.

Dan
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