What is the quickest way to save 20% down payment…
Should it be invested?
Or
Just be kept in a High Yield Savings account?
Thanks!
If you’re planning to buy within 5 years, I’d just throw it in a high yield savings account. This article explains why:
If you’re in the unusual circumstance of planning to buy a house more than 5 years from now, I’d probably throw it in a balanced index fund… maybe 60/40 stocks and bonds or something.
Do you recommend pausing all other investments while saving for a down payment? Or working on multiple goals at once?