Money magazine says "​Hang on to your down payment money". Senior editor Walter Updegrave answers a question about what to do with house downpayment cash, "Let me be clear about this: Any money you'​re absolutely, positively going to need within the next two years -- whether to buy a house, pay college tuition, start a business, serve as an emergency reserve, whatever -- should not be invested in the stock market. Period." He adds, "​Basically, cash equivalents where your principal isn'​t at risk. That pretty much means money-​market funds, money-​market accounts ... and short-​term CDs (​those with maturities of say, one-​year or less)."

Your Name:
Your Email:
Recipient Email(s):

Use a comma or a semicolon to separate

Please retype symbols from the image:

Optional Message

Daily Link Archive