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re: Recent College Grad looking to invest in Rainy Day Fund
Posted on 2/15/18 at 2:48 pm to ATLdawg25
Posted on 2/15/18 at 2:48 pm to ATLdawg25
I'll look into some High Yield Savings Accounts, thanks!
Considering another one of my financial goals is to own my own house, what investment vehicle would you suggest?
High Growth Mutual Fund?
Considering another one of my financial goals is to own my own house, what investment vehicle would you suggest?
High Growth Mutual Fund?
1
Posted on 2/15/18 at 2:51 pm to sonicsam
quote:
Considering another one of my financial goals is to own my own house, what investment vehicle would you suggest?
Savings account.
You're overthinking here. Mutual fund makes sense for money that you won't be touching for years. If you want to buy a house in 2 years, you're leaving yourself exposed to short-term market movements. Even if it trends up, the gains won't materially change what you are able to buy.
Just save up cash.
eta: this assumes you want to buy a house soon. If it won't be for another 15 years, then yeah go find a mutual fund.
This post was edited on 2/15/18 at 2:52 pm
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