Saving Money For Investment Properties!!

[Jason Drozd]

Hey everyone! I'm saving for an investment property and was wondering if I could get your opinions on where I should be holding this money or what I should do with this money, so it grows (more than sitting in the bank) and is easily accessible to use when I do need it for my investments. 

[JD Martin]

How much are you saving, when do you want to buy your property, and how much will property cost where you want to invest? Ultimately you need to know how much you need and when you need it - then you can reverse engineer the problem.

Example: "I want to buy a $1 million apartment building in Brooklyn, by the end of next year, and I have 50 cents now, and I can save a dollar a week. Where should I invest?" - I recommend maybe going to a casino, or investing in some third world currency :D

Anyway, you get the drift. There's a wealth of vehicles out there from essentially no payment in exchange for total security (bank savings accounts, treasury bonds) to high yields but significant risk to principle (aggressive emerging market growth mutual funds, i.e.). You need to figure out what you want to do before anyone can make suggestions that make sense.