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dad_husband_selfi t1_jaasd5t wrote

Well, you can take advice from Warren Buffett the greatest investor of all time and invest in a low cost S&P 500 fund (which you should have been doing as you were accumulating) or you can take advice from randoms on the internet. Tough call.

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DayShiftDave OP t1_jaaz3l9 wrote

No reason for the snark, it's why this sub exists. Anyway, a few years ago I had about $30k cash and was actively saving for a down payment. My income went up a good bit and I didn't change my plan. Couple years later and the balance has gone up while I never found a place.

I also didn't grow up with much, so I am risk adverse and subconsciously inclined to find comfort in having more cash on hand than I need.

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dad_husband_selfi t1_jaazolg wrote

sorry, i was meant with humor. Good for you saving up that amount of cash. Good problem to have! lol. There's a lot of savings accounts that now offer decent yield. I saw Marcus by GS is up to 3.750%. If unsure to buy a home or invest in the market, that may be a good holding spot.

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