What are you doing with your ‘cash’?

[Ian Jaeger]

Hi all,

I’m just getting started in this and don’t have enough cash on hand for a full deal yet, but am saving as much as possible.

That said, savings accounts are paying essentially nothing, CD’s aren’t much better.

Started dropping cash into an M1 account that I have set up with a big mix of mostly dividend stocks... by my estimates, it should pay about 3% just in dividend returns... certainly not enough to compete with real estate, but it seems to be a good option in the meantime.

Anyone doing anything else with their cash that could be a better idea than the M1 portfolio?

[Davis Doan]

I have my down payment money in a high yield savings account since I plan on purchasing in the next 3-9 months. 

I am considering doing what @Scott Trench suggested with the additional savings I will have in 2020 and invest it like he said in this article: 

https://www.biggerpockets.com/blog/invest-cash-saving-payment

It is definitely riskier, but it is a strategy I never considered due to conventional wisdom saying to not invest any money you'll need in the short term(1-5 years), but if you're young then you can afford to take the risk of investing your downpayment money.