I sold a condo 3 years ago and ended up (unexpedidly) renting since then. I put a portion of the money from the sale into Vanguard index funds, & I contribute a little more each month via automatic investment (my balances are about 80% stock 20% bonds).
My husband and I would like to buy a house in the next 2-3 years, and I am feeling increasingly nervous about having money I want to use in the fairly near term in the stock market. But I also have concerns about selling:
1. Opening the funds required a $3k minimum each. Will Vanguard close my funds if I withdraw to a balance lower than the $3k? I don't want to close the funds & would like to keep putting in a small amount each month.
2. If I sell, would a "high" interest savings account where I currently keep my emergency savings be the best place to put my downpayment savings?