Costco (COST) has quietly had a great year.

In January it started around $200, and is currently at $276.

Yup. Was just looking at that recently. Missed another great company stock ****ing around looking for the small gold mine.

I’m done doing that shit!

Once we have sold our house we will be sitting on a very large sum of money we plan on using for a down payment on our next house. This might happen in a month after we sell it or it could be six months after we sell it. Would you risk investing that for a short time? I hate having that much money just sitting there doing nothing but I also don't want to take the chance of a sudden collapse in the market either and lose a gigantic chunk. I know at one point I had found some index fund or stock or something that had a very small rate of return... like <3% or something like that but only lost like 2% in 2008. It was always going up basically just at a very low rate. I was thinking maybe something like that possibly but still on the fence.

What would you do if you had a huge chunk of change sitting around like that and knew you could need it sometime in the next six months?

I'd buy a boat.

I'd probably do an online savings account and call it good. You don't want to mess with risking something going horribly wrong with a big downturn right when you need the money.

I would not. Most certainly not. Find the highest interest bearing account and roll.

Might have to split it into 2 accounts. IIRC the FDIC limit is 150,000.

You wouldn’t risk that in the market if you need it that soon.

No penalty CD through ally bank could work.

$250k per social security numbers on the account, POD’s count.

I agree with the others. Put it into a money market or other guaranteed vehicle. To do otherwise is essentially gambling on events you can't control.

Tell him to avoid Annuities at all costs. And the guy that suggested that to him? RUN! He'll make more out of the deal than your dad.

I was in the same boat and picked these 3 options:

1 - CD
2- https://fundrise.com/
3 - Gold

The fundrise REIT I'd highly recommend. I'm averaging 7.5% on it so far. I'm a landlord and this is the easiest way to make money in real estate I can think of.

Right on. I stand corrected.

Bitcoin will drop to $8Kish. Then you buy.

I found a money market account with 2.50% interest. I will look into those.

That right there is perfect. Decent rate too.