Good afternoon, everyone.
The DW and I have about $25k in one of our general savings accounts that will be going towards purchasing a house in the next 5-10 years. Over the last few days, I've been considering moving a large portion of it ($15-$20K) into a CD.
With the news from the Fed this morning and some advice from an uncle who works in investing, he suggested that I scrap the CD idea and go with the Lord Abbett Short Duration Income Fund (LALDX):
As I'm a relative novice when it comes to investing, I wanted to get everyone's opinion on the idea of investing in this type of fund over a 5-10 year span as well as get anyones opinion who actually owns this fund.