I have a question about investing for mid-term needs, probably a house. I currently rent and am happy with that but some day.....
I have some money currently in treasury bonds (yeah, at a whopping 4.4%!!!) with my mom's financial planner. It's there for (a) security, (b) simplicity because he's doing it pro bono since he's been with the family for a long time and (c) because I haven't figured out where else to put it.
My question is that if I want to invest it for the mid-term (at least 5 yrs, but more likely 10+ years), until I want a major purchase like a house, what's the best place to toe the line between security and returns for that amount of time? I have some money in a CD at 5.6% and 5.2% in savings and that's pretty good. What about like 40% bond index, 60% diversified stock index? More bonds? Bonds, CD, stock? Security would be nice, but to think that in 10 years I could easily double money...well, that's important too. Also, I have an overactive social conscious so if someone had socially/environmentally responsible ideas without huge fees, I'd be really into that.
I make an ok income for one person, have no debt, have a safe emergency fund, have 7.5% of my paycheck compulsorily taken from me for retirement and I plan to fully fund a ROTH IRA.
I hope this is a question others are asking.
I'd appreciate and consider any ideas. Thanks to everyone who helps out on this site. It's like an oasis from the rampant financial irresponsibility in our country/world. (My landlord just bought a stereo financed from a magazine for twice what it would cost in cash...but that's a post for another day.)