Safe haven for investment property capital gains
I have an investment property that I will be selling shortly. I’ve owned it for quite some time and it’s in need of much repair. I have an offer on it that I have accepted. Once the sale is complete I will have a nice little cash nest egg.
I’d like to use this money to buy a new primary residence for my family, BUT we are 3 plus years out from being ready for a new house. The house we are currently I would turn into an investment property.... Here’s my question: where should I put the money for the three years? I hate to leave it just in the bank, but I also hate to put it in the stock market and lose any of it. So where should I stash it?