View Single Post
Old 10-02-07, 02:25 PM
  #9  
Alfster 
long time visiter
 
Alfster's Avatar
 
Join Date: Oct 2005
Location: in the Northern Tundra
Posts: 653

Bikes: 2005 Trek 6700 disc 2007 Orbea Onix 2009 Raleigh One Way

Mentioned: 2 Post(s)
Tagged: 0 Thread(s)
Quoted: 32 Post(s)
Liked 0 Times in 0 Posts
Originally Posted by ModoVincere View Post
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.
Yep, good advice. In Canada we have GIC's (Guaranteed investment certificate) which work the same way. Typically they're running at around 3.5 - 4%.
Alfster is offline