Author Topic: Wealthfront vs. Vanguard vs. Savings Account  (Read 1789 times)

DangleStash

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Wealthfront vs. Vanguard vs. Savings Account
« on: February 23, 2015, 11:02:59 AM »
I'm saving to buy my first property, with a target of $100k cash in the bank.  My current forecast has me hitting this goal in April of 2016, just over 13 months from now.

Financials:
~$55k that I will receive in the next few months
~$7k in savings currently (just finished off student loans)
~$2.5k/mo savings rate
~$8k Bonus expected in December

I am not dead set on buying something IN April, but I want to have the cash ready to go so I can start looking.

My predicament is that I'm keeping my house fund in a 0.99% Interest Savings Account, but I if the market were to take a downturn I would be stuck saving for a longer period of time.

Am I better off just continuing to sock money away into the savings account, or should I look into some Vanguard funds?  TBH I hope the market tanks so that I can swoop in on a house, but I don't think that will happen in the next year.

GGNoob

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Re: Wealthfront vs. Vanguard vs. Savings Account
« Reply #1 on: February 23, 2015, 11:45:52 AM »
If only 13 months from now, then cash (savings account) is probably the best bet. The returns for investing for 13 months might not be worth the risk.