So the wife and I are looking to buy a house at the end of the year or beginning of next year. We currently have $19k saved for a down payment and will look to be adding to that after we pay our existing debts down to 0. What options are available for more short term investing? I know I could go stock market or crypto but what other options exist? I don't expect this to double or triple or anything crazy, hell, if it nets us an extra $1000 I'd be ecstatic.
Looking to invest my down payment for a year before pulling it out to buy a house.
byu/brohemoth06 ininvesting
Posted by brohemoth06
4 Comments
HYSA is the only answer.
And what if it halves?
A money market account.
It is a monumentally bad idea to do short term investments with a down payment. It’s the classic example used of precisely what funds shouldn’t be invested in short term investments
Market-linked growth CD.