I’m putting away $300 a month, my question is where to put it. savings account has basically 0 interest, there are HYSA (high yield savings account) that would give me 3-5% apy, or I already have some money in stocks that have grown consistently 25% over the last year (index funds only)
what would you guys recommend? I’m looking to buy it probably 3 years from now. that way either I’ve got a fat down payment or I can just buy it cash
thanks
Money market or high yield savings. They may not return much but will keep you at or above inflation. 3 years is too short for stock. Maybe it would work, but maybe it won’t and you can’t recover that quickly.
In general I think ten years where stock is an unbeatable investment where you’ll almost always come out ahead.