Be gentle, I'm a complete novice here. I have ~$8-10,000 that is in savings right now until I use it for a down payment later. I will need this in about 5-6 months and I'm looking to make more than 0.01% on it. I have a brokerage acct with free ETF trades, so I'm wondering why not put this money in a balanced variety of ETFs and just set a conservative limit loss order to prevent any big losses? TEW
Normally for this short period of tyme, I would leave the bread in the bread box. However, stick with the three (3) leading sectorshttp://finance.yahoo.com/q?s=xly&ql=1 would have made 500 bux since yesterdays low via the TOS charts.http://finance.yahoo.com/q?s=xlv&ql=1 would have made 300 bux since yesterdays low.http://finance.yahoo.com/q?s=xlk&ql=1 would have made 400 bux since yesterdays low.http://finance.yahoo.com/q?s=o&ql=1 get a check every 3rd week of the month.or any CEF that is paying a monthly check until you liquidate your account. http://www.cefconnect.com/Quillnpenn - poor church mouse scratching for a living as a professional swing trader.
http://stockcharts.com/h-sc/ui?s=XLY&p=D&yr=0&mn...http://stockcharts.com/h-sc/ui?s=XLK&p=D&yr=0&mn...http://stockcharts.com/h-sc/ui?s=XLV&p=D&yr=0&mn...Had you bought the above at the xovers 13/50, you would be doing well.of the three, notice the TSI panel indicating these stocks are starting to drop except for XLV.Just a thoughtQuillnpenn -
Can you afford to lose some principal? Most would recommend that money needed in less than a year should be put into a low risk investment such as a FDIC insured CD or money market account or fund. If you are willing to risk loss of principal you might consider a short term bond fund.Bob
Consider VCSH a short term corporate bond portfolio at Vanguard. You'll get better yield (about 1.3% 30 day SEC) but you won't beat inflation and the price will fluctuate to some degree so it's definitely possible to loose a few bucks here.Bestpl
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