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Learning, Sharing, and Teaching => Investor Alley => Topic started by: ericrugiero on May 31, 2019, 08:35:05 AM

Title: Where to put money when saving for real estate investments
Post by: ericrugiero on May 31, 2019, 08:35:05 AM

I'm looking for a good place to put money when saving for real estate investments.  The money might be there a month or 5 years.  I'm looking for something that's fairly stable and keeps the cash available but still earns some interest.  Is a money market account the best option for this or is there something better? 

Title: Re: Where to put money when saving for real estate investments
Post by: PDXTabs on May 31, 2019, 10:06:37 AM

If you really don't want the value to go down, and you might need the money in less than 12 months, I think that leaves you with FDIC insured accounts or something like VMFXX (https://investor.vanguard.com/mutual-funds/profile/VMFXX). Right now Ally is giving me 2.2%.

Title: Re: Where to put money when saving for real estate investments
Post by: Indexer on June 01, 2019, 05:53:28 AM

I'll second VMFXX, currently paying over 2.3%.