Message Font: Serif | Sans-Serif
No. of Recommendations: 0
The fact that you need the funds in a year make stock market investing problematic. Better to use a savings account to be sure the funds are available when you need them.

I'd qualify this a little by whether it's a need to buy a car in a year, or just a general plan to save towards buying a car. If the OP has a perfectly adequate car, but is just interested in savings towards the idea of buying something new (self-driving?) in the future, putting those savings in the market may be just fine - IF he's willing to risk deferring the purchase if the market goes south.
Print the post  


Beware Flood-Damaged Cars
Know what you are getting, don't get stuck with a Katrina victim. Check these links before you buy.
Disclaimer - Please Read
A message about professional advice.
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.