Safe place for short term cash prior to real estate purchase

Have a question about your personal investments? No matter how simple or complex, you can ask it here.
Post Reply
TN Bogle
Posts: 23
Joined: Tue Aug 15, 2017 3:09 pm

Safe place for short term cash prior to real estate purchase

Post by TN Bogle » Tue Jun 12, 2018 6:48 pm

I searched the Bogleheads page for this answer, as I'm sure it has been asked before, but was not able to turn up anything.

Im looking for a safe place to keep money for a down payment prior to real estate purchase in the next 18 months (or more if I don't find what I want). Is this money best kept in a place such as a Vanguard money market account? High yield savings account?

Thanks

Grt2bOutdoors
Posts: 18853
Joined: Thu Apr 05, 2007 8:20 pm
Location: New York

Re: Safe place for short term cash prior to real estate purchase

Post by Grt2bOutdoors » Tue Jun 12, 2018 6:59 pm

High yield FDIC insured savings account and/or money market fund.
"One should invest based on their need, ability and willingness to take risk - Larry Swedroe" Asking Portfolio Questions

TN Bogle
Posts: 23
Joined: Tue Aug 15, 2017 3:09 pm

Re: Safe place for short term cash prior to real estate purchase

Post by TN Bogle » Tue Jun 12, 2018 7:16 pm

Thank you kindly.

Post Reply