I'm in a situation where I am home shopping, but am being patient about it in this L.A. Housing market (willing to wait up up three years). I would like to make sure I have enough for a down payment in case opportunity arises, but I don't want my down payment cash to be idle.
I'm thinking some sort of fixed income investment would make the most sense, like an etf, mutual fund, treasuries, or money markets. I'm afraid to invest in common stock because of market volatility and potential crash or recession.
Basically, I'd like to protect my cash but also like to keep it up with inflation (and then some).
Currently I'm leaning towards some sort of tax exempt California municipal fund (open to recommendations).
Any suggestions on what to invest in? Ideally the investment has to be easy to liquidate.
Submitted November 09, 2019 at 07:33PM by elfreedpayton https://ift.tt/2Q5ydQf
