Currently have ~200K cash on a 1.3% saving account. Have another ~160K on stock. Mostly my vested FB stocks. I didn’t sell my RSUs yet. I am going to use these funds for down payments to buy a house. I still need to save more for several months. What’s a good strategy to keep these down payments for a year or less? Conservatively? Or more aggressively? Should I use a Wealthfront or so? Stock is still going up like crazy. But not sure it is wise to put down payments on a stock market.
S&P 500 index funds.
all in your hysa
Wealthfront with an aggressive strategy
I would be conservative if I am actively looking to buy a house as the whole buying process can be done in couple of months ( provided u get the one you want )
all in on crypto
Ladder CD’s for short term play
Betterment
If you need the money in 12 months or less for a down payment, don't invest. Yes, inflation will eat away at the cash but there's zero risk for the money that has a planned purpose. If there's a chance you won't purchase, then I'd invest at least some of the cash to match the chance a purchase won't happen.
Put the 200k in crypto and pay for your house in full in a few months.
In a similar situation here, want to hear opionions too