My wife and I are planning on taking a sabbatical year off in 2016. We are following a path of 6 years of working very hard, 1 year rest and reflection, repeat. I realize this is not suited to all, and some will think it crazy, but that is that.
This being said, we will have a lump of cash (around $10K) at the end of this year (2014) that we'd like to explore growing in 2015 before we take our year off — otherwise, it will just sit in a low interest savings account.
I'm interested in ideas for short term investment (~1 year) that would make sense in a situation where we have a low appetite for risk (since this money will go into the fund for our sabbatical, and we will need it) and be somewhat accessible (i.e. I will want to access it at the end of 2015 without worry that it will be tied up in something like real estate, where its value may require me to wait come December next year.)
Any ideas? What kinds of investments are suitable for this kind of time frame and purpose?