No. of Recommendations: 2
<might as well leave that New Roof money where it is, then...>

Yes, I agree. Leave any money that is allocated to a short-term project (e.g. a new roof, car, education, medical bills, etc.) in the bank. The stock and bond markets are both near record highs. There is a risk that they may fall...and you don't want to risk your dedicated money. Also keep at least 6 months of living expenses in cash in an emergency fund (1 year if you are not able to relocate to find a job). The median duration of unemployment is 17 weeks -- very high by historical standards.

Only invest money for the long-term, such as retirement...and only money that is in excess of the short-term goals listed above.

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