House Purchase question

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Joined: Wed Dec 06, 2017 9:00 pm

House Purchase question

Post by owlfan » Wed Dec 06, 2017 9:11 pm

I have recently been introduced to Bogleheads. I have a question regarding house purchase. I am renting now. I currently have about $100,000 saved up for a down payment for a house. I would like to purchase a house in 2 years.

I've just recently dived in the world of investment. Currently the money is in a saving's account with little return. Since I will need this money in such a short time (2 years), is it wise to even bother investing it or simply leave it in the saving's account until I'm ready to purchase my house.

I appreciate your helpful advice!

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Re: House Purchase question

Post by cheese_breath » Wed Dec 06, 2017 9:59 pm

Put it in a different savings account with a better rate of return. For example, you could get an 18 month high yield CD paying 1.70% at Ally Bank right now.
The surest way to know the future is when it becomes the past.

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