How long before you plan to buy a home should you keep your down payment savings in cash vs in the market? Currently looking to buy no earlier than 15 months from now, and potentially even further out than that but probably no more than 2 years from now. I’m not at my down payment goal and am contributing into a separate savings account to make sure I keep saving for it, but not sure if I’m still too far out and should instead be putting that money into my brokerage account.

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What would you do if you invest it and the markets drop by 20-30 percent?

It boils down to what you are comfortable with. If I was saving to buy a house in 2 years I would not invest it. I don’t think you answered the question and am guessing because you are not sure. How important is for you to not lose that money. If very important, keep it safe. If you lose the money and you are fine delaying the purchase, invest it.

I started getting serious about saving 2 years before I bought my house. About 80% of my savings was in a HYSA and the other 20% I did invest. Thankfully it worked out in the end but do what makes you feel comfortable. I live in a hcol area so needed a huge down payment and am really thankful for the gains I had from the portion I kept in the market.

Saved 20 percent in cash for 3 years, lived frugally. and got home before covid. Don’t regret it.

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