What to do with savings account

[brute]

So, I have too much money in my savings account(s). $70k. Why so much? I just got married about 2 months ago and we both have been saving for a while. Both have decent investment accounts. But both had fairly sizable emergency funds. Easy, put it in a vanguard ETF. Whichever is the one that tracks the whole market more or less.

Ok, but I would like to have 6 months maximal expenses around in case somehow my wife and I both lose our job. So, $18k there.

Still not an interesting question. But, we want to buy a house within 3 years. So now the question is, do I risk it in the market with such a short time period? Short term CD? Loan shark it?

So yeah. What do the mustachians think?

[mskyle]

Well, how much are you planning to put down for the house? If you and/or your wife lose your jobs, are you comfortable putting off buying the house for a little while longer or is it a "must buy now" kind of situation? How long will it take you to save another $70K?

(Oh and for what it's worth I'm keeping my "down payment money" in a Vanguard bond fund.)

[brute]

Well, how much are you planning to put down for the house? If you and/or your wife lose your jobs, are you comfortable putting off buying the house for a little while longer or is it a "must buy now" kind of situation? How long will it take you to save another $70K?

(Oh and for what it's worth I'm keeping my "down payment money" in a Vanguard bond fund.)

Looking to put down 20%, so between $40k and $60k depending on the area we end up in.

--Semi-unrelated info. I'm the trailing spouse even though I make 4x what she does. I can work remotely or get a new high paying job in about 10 days whenever and her career is extremely important to her but low paying. So we will be moving in 2 years more than likely to an upgraded job for her.

Good point on how long it would take to put together another 70k. Probably a year to 18 months now that we both have good jobs and reliable transport. I actually hadn't thought about that. Seems like a better idea to invest this now.

[DrF]

yeah, I'd invest all but your emergency amount (18k) and build up your down payment again over the next 2-3 years.