Best Way to Grow $ in 3 Years to Purchase a House

[Nicholas Petterson]

Hey All. First Post.

My wife and I own a 3/2 with a good interest rate (2.99) from 2020. We just had our second child and are outgrowing the house so we want to purchase a bigger house while keeping our current house as a rental property. The issue lies within the inability to currently afford a bigger house in the area we live.

My W-2 issues annual stock distributions and I just received my first one (40K). My initial thought is to invest this into the stock market (Amazon, Tesla, Google, etc...) and keep doing that for the next two distributions as well, ultimately pulling it all back out, plus the earnings (hopefully) in 3 years time to purchase a house.

Based on the plethora of experience in these forums, does the above sound like a good plan? Curious to learn if there is a more creative or better way that someone has up their sleeve.