Where Should I Invest Short-Term Savings?

One of the personal finance questions that I most frequently get asked is: “where should I invest short-term savings?”. When I dig deeper, I often find that the context behind the question is that the person asking has a short-term goal that they are saving up for (i.e. grad school, down payment on a home, wedding, vehicle, etc.), and they don’t want their savings to sit and decay, without earning a return on investment. Because the funds will serve a specific purpose at a specific time, the goal here should be to preserve principal, while maximizing return, without risk....

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