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system
where to park money while saving for a car
user
as you're saving up for an expenditure instead of investing for the long run, i would stay away from any sort of "parking facility" where you run the risk of not having the principal protected. the riskier investments that would potentially generate a bigger return also carry a bigger downside, ie you might not be able to get the money back that you put in. i'd shop around for a cd or a mma/regular savings account with a half-decent interest rate. and yes, i'm aware that the return you might get is probably still less than inflation.
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