short term questions with home purchase
ok, so i invest a lot, but all my investments are long term things (10+ years). say i wanted to make a large purchase in the next 12 months (like a house).
Where is the best place to keep and save money for this? I am guessing a CD or one of those 5% savings accounts?
How much money do I put in that short term account? I want to get a mortgage so I can leverage my existing money in the market. I will not be paying for the entire home upfront.
sorry if this is really stupid, i am just clueless when it comes to short term investments.
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