CNBC - Saving for non-retirement goals
A heavy allocation in stocks is typically used for retirement accounts where savers do not need the money for decades to come. But what about when you are saving for a goal 5 or 10 years away, such as a house down payment?
Cash in a bank account earns nothing, stocks can be too volatile over short periods of time and individual bonds can require large minimum investments.
In this article Hylland Capital's investment advisor, Matt Hylland, talks about a relatively new product available for savers that combines the low cost and diversification with today's ETFs and the defined maturity benefits of individual bonds.
We also use these products at Hylland Capital to reduce interest rate risk for investors with shorter time frames for their retirement accounts or other savings goals.
You can read the entire article here: