Saving to buy a house in 3 to 4 years?

I am saving to buy a house in 3 to 4 years , should I just keep the money in the savings or just invest the money until 3 to 4 years.

real estate guy

There are different types of investments with different rates of return based on risk. NO, don't put it in a savings account. At best, you earn 1/10%. There are lower risk mutual funds. Do some research or talk with a financial adviser.


Compare the interest rate in savings to a CD, and to other "secured" investments, that will allow you to withdraw your money without penalty.


You do not need to wade into investing unless you actually KNOW what you are doing. Good way to lose a shirt.


In this situation minimizing risk is more important than maximizing investment return.

Steve D

Savings account - you have a goal and you don't want to get 3 --4 years out to see the market drop just as you need the money which means delaying your purchase.