Where can I put $50k for 2 years while I'm in school and transitioning back to full-time employment? I eventually want to purchase a house, but I'm not sure where I'm going yet. I'm a full-time grad student currently renting a small apartment while in school.
I have no debt with no dependents. Tuition and living expenses are covered with GI Bill and part-time work. I have an additional $30k as a rainy day fund. I don't feel comfortable putting anything away long-term at the moment since my income is so low.
Previously, when I had a longer time horizon, I had it in PRPFX, but had to liquidate in 2012. It's making .80% APY in a savings account right now.
Additional info on Risk Tolerance: I could withstand a 5% loss on principal. Ideally, though, I would like to preserve the money I have in real terms.