Is there still a way to save cash from inflation?

Intel
late2party

Go to company page Intel

late2party
Dec 11, 2021 24 Comments

Was saving for down payment of a house in LCOL + some for appraisal gap. Couldn’t convince myself on any house and instead found a job in bay area and moved. Now I have 200k+ cash. Can’t afford a house here in bay area but don’t know to save the cash from inflation either.

Have increased recurring investments but not sure if it is safe to pump this much cash in stocks at current market scenario with rising interest rate uncertainty.

Not looking for high risk high return, just aiming to save it from inflation with the minimal risk.

Blind tax: 330k TC (not at Intel anymore, switched very recently)

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TOP 24 Comments
  • Yahoo
    Dr. Pipper

    Go to company page Yahoo

    Dr. Pipper
    When do you expect to be ready to buy a house… as soon as you have enough for the down payment? If I were you I would just invest like 10-20k per month into index funds to reduce the risk of losses if the market drops. At that rate it will take you 1-2 years to invest the whole thing.
    There will be people that tell you to invest the whole thing now, and they may be right statistically but personally I would have trouble sleeping at night. If the market drops 10% the next week I would be kicking myself asking why I didn’t just wait a week. If you put it in over time those thoughts go away, at least for me they do.
    Dec 11, 2021 1
    • Intel
      late2party

      Go to company page Intel

      late2party
      OP
      Probably yes, as soon as I have enough but assuming even a ~1.2m condo w/ 20% down + appraisal gap would need another 200k or so, it might be another 1-2 years..
      Dec 11, 2021
  • FedEx
    highhitter

    Go to company page FedEx

    highhitter
    Have that money in bank account.
    Dec 11, 2021 4
  • New
    etl29

    New

    etl29
    Invest in TIPS
    Dec 11, 2021 1
  • Amazon
    rotundax

    Go to company page Amazon

    rotundax
    Yes, it’s called SPY or VTI
    Dec 11, 2021 0
  • iBonds
    Dec 12, 2021 1