We’ve had it drilled into us that you should invest for the long-term. Save early, save often and use the power of compound interest. Am I right? But what if you have a short term goal, how should you invest for the short term?
What do you like to spend your money on? Like most consumers you probably consume food, restaurant trips, home heating, gasoline, utilities, clothing, medical care, shelter etc. The Bureau of Labor tracks the price of a ‘basket’ of these goods and services every month, and the increase in price forms the Consumer Price Index (CPI).