How should I invest my personal savigns so I can make the most of it before my wedding?

Question

My boyfriend of 3 years and I have opened a savings account to save for our wedding. We plan on getting married in exactly 3 more years. We want to be able to pay for the wedding ourselves. I'll spare you the financial details, as our plans are a bit different than a traditional wedding.

Other than CDs, what can we do to help our savings grow? We do our banking at Commerce. We don't want anything that involves potential risks (i.e. losing our money in the stock market).

Answer 1

In the world of investment risk and reward are inseparable.

If you do not want to take risk and safety is your priority then you have to be contended with a smaller return.

Answer 2

If you do not want to take ANY risk, than your best bet is to just get a 3-year CD, to match the 3-year time frame of your wedding date.  Guaranteed return, FDIC insured, no risk of loss unless the US government goes bankrupt, or unless you have more than $250,000 there and the bank fails, as $250,000 I believe is the current maximum insured by the FDIC.

Answer 3

I don't know what else to mention... there's always Forex trading but there's a risk.

If you're interested here are reviews to the top three best selling Forex trading systems: http://forex-tracer.the-perfect-solution...

Make an educated decision!

Best of luck and congrats on the engagement (and marriage in 3 years!).