View Single Post
Old 10-02-07, 02:11 PM
Riding Heaven's Highways on the grand tour
ModoVincere's Avatar
Join Date: Aug 2006
Posts: 1,675
Mentioned: 1 Post(s)
Tagged: 0 Thread(s)
Quoted: 1 Post(s)
Likes: 0
Liked 0 Times in 0 Posts
Given the short time frame (3-5 yrs) and the lack of interest in actively managing the money, I would strongly suggest that you keep this investment plan very simple.

Following a very basic investment plan of CD's every 5months, if you can get 4.5% on a 5yr CD with the 1,000 now and every 5 months a new CD at about 4%, at the end of the 60mos you should have a total of 7,880 & change. Of course this does not take into account income taxes since I have no idea what your marginal rate is.

This plan is very conservative, so you should have little trouble making these numbers or higher.
1 bronze, 0 silver, 1 gold
ModoVincere is offline