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Updated almost 6 years ago on . Most recent reply

Ty Mason's profile image
Ty Mason's profile image
Ty Mason
  • from Grand Rapids, MN
  • Member since Jan 8, 2019
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Ty Mason's profile image
Ty Mason's profile image
Ty Mason
  • from Grand Rapids, MN
  • Member since Jan 8, 2019
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Ty Mason
  • Grand Rapids, MN
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Personal Finance

Best Investment Vehicle for down payment savings

Ty Mason
  • Grand Rapids, MN
Posted

What is the best investment vehicle for the savings that will eventually be used for a down payment on our first rental property. Currently we have about $5k in a discover savings account earning 2%. Is there a better vehicle for this money while we are saving for a down payment?

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Bobby Shell's profile image
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Bobby Shell
  • Investor
  • from Fort Collins, CO
  • Member since May 30, 2018
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Bobby Shell's profile image
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Bobby Shell
  • Investor
  • from Fort Collins, CO
  • Member since May 30, 2018
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Bobby Shell
  • Investor
  • Fort Collins, CO
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165
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Bobby Shell
  • Investor
  • Fort Collins, CO
Replied

@Michael Wilson great tips from Michael and Scott.

Consider putting 30% into an index fund and the rest in your 2% savings account.

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