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Updated almost 2 years ago on . Most recent reply

Eric Castaneda's profile image
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Eric Castaneda
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First-Time Home Buyer

Saving for a First Home! How to make the most of my principal

Eric Castaneda
Posted

Would appreciate any advice or personal experiences from anyone on this topic!

With housing prices ridiculously high and rising interest rates, I have decided to live at home with my mom to save up money for a down payment on my first home. Any advice on high-yield ways of earning interest while still protecting my principal? Thank you in advance for any responses to this post.

Orlando, Florida
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Charles Carillo
  • Rental Property Investor
  • from North Palm Beach, FL
  • Member since Apr 8, 2018
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Charles Carillo
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  • from North Palm Beach, FL
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Charles Carillo
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  • North Palm Beach, FL
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Charles Carillo
  • Rental Property Investor
  • North Palm Beach, FL
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@Eric Castaneda

You could simply put the funds into a high-yield savings account and/or purchase US treasuries. Your bank might also offer competitively priced CDs. 

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