Hello.
I am 27M, married, and planning on buying a house in the next 2-4 years. I opened up a HYSA last year to help build my savings, and recently got up to ~15K in the account. I’m shooting for maybe 60K. However, I’ve been watching the APR dwindle month after month from 2.5 all the way down now to .40. I’ve decided to stop paying into the HYSA, take 5K out of it, and place it in the market in RH SPY (S&P 500 ETF). My plan is to keep contributing to SPY to save for a home. I’m aware there could be downturns in the market, but I’m trying to find some better way to save up a sizable down payment. Am I an idiot? If you were to save or you did save upwards of 30-60K for a down payment, how did you do it from an account perspective? Additionally, thank you all ahead of time for your thoughts and input. This community has been great!
Submitted February 19, 2021 at 09:11PM by natedagg https://ift.tt/3pCh52S
