How can I invest my savings?

How can I invest my savings?


I have a retirement fund through my job and almost $100k saved in my savings account.

I don’t want my savings to sit there without earning proper interest.

I’m 30 years old and am thinking of buying a house within the next 2-3 years.

Should I keep my savings account as is, or try to invest it some other way?


If you’re buying a house in the next 2-3 years look for a money market with a high interest rate and put what you will use as a down payment there. Invest the remainder in a taxable brokerage account


Agreed with Eric. While we would all like to earn “proper interest” on cash savings, current market conditions don’t permit it. The only way to earn any decent return on cash right now involves taking risk. And that means any setback in the markets could derail your house buying plans. The most you might be able to do is buy a short term bond fund which would pay a little more than CD’s, with some risk of modest short term loss is short term interest rates jump substantially.


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