Keep it in the Bank
Ramit's post mostly talks about students' questions on investing extra cash from their loans, but this is very much applicable to couples who have stored up mounds of cash in their bank accounts in preparation for the wedding.
It's tempting, I can imagine, to want to take advantage of cheap stocks and make quick cash - but if lessons are learned best when they are hard, many of my friends recently have learned very well not to put valuable eggs in a rocky basket.
A summary of the key ideas from Ramit's post, and good advice overall:
- Short-term investing is generally a bad idea
- Setting a rapid timetable to get quick returns is a bad idea
- "Safe" investments may not work out to be worth your time
In short, learn and build a system for your personal finances that will take care of you for a lifetime.
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