New Investor: Where to hold my money?

[Eddie Houseworth]

I am just getting started in real estate investing. I am reaching out for advice on what to do with my money while I am saving up to buy my first property. Currently, I have most of it invested in a Vanguard S&P 500 ETF with the rest in a high yield savings account. Is there a better option? 

Also, I invested a relatively large portion of my paycheck (14%) into my employee provided 401k. My company matches up to 5%. Do you think I could use this money more effectively?