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Updated over 3 years ago on . Most recent reply
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Where do you keep cash?
When saving up for a property, where is a good place to keep your cash? Currently, I keep my money in the money market while waiting to buy, does anyone have better options or ideas?
Most Popular Reply
Depends on the timeline, appetite for risk, etc.
For short/medium term (months), in the current market, I'm a fan of parking it in a high-yield stablecoin (crypto) using a service like Blockfi. I'm comfortable with crypto, your situation may be different. If you use a money market, be sure to shop around for rates.
For longer term (years), index funds like SPY can work. Keep an eye out for exit points as you come closer to the savings target.