I have about 70k in cash - if I think I might buy a home in <3 years should I still invest this money somewhere?

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I would put it in a high yields savings account

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Yeah, but they have 3 years so it could be later on

Absolutely yes. $70k is way too much cash to hold onto. Very unproductive use of assets. Throw it in an index fund.

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KPMG: Time to go back to Finance class...

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You could definitely invest it in a cash account with a brokerage firm. It would still be liquid in case you need it (as opposed to a 401k or IRA) and can earn dividends if you invest in cash cows like oil, Coca Cola, Wal-Mart, etc.

That said, often these accounts aren’t FDIC insured, so keep that in mind when weighing the pros and cons.

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Your constructive criticism is appreciated, hope you have a good day and make hella cash money off your bitcoin investments!

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Bitcoin. In 3 years you’ll be able to buy a mansion with a Lambo parked outside

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And 4 book cases of books to put in your garage

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These are such weird times that I wouldn’t personally wholesale throw it anywhere. I would play with 10-20k here and there and hold a $50k cushion as cash. If (when) the market collapses, go shopping 🤑

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This. Spouse and I are also saving for a house and this is exactly what we are doing with similar amounts

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How much house are you thinking about. When we got 20% of down payment we already start shopping for our first house. So not too much cash lying around. CD or money market did not fluctuate much but get but a bit of return (at least it won't squash your dreams if you put in the market and it crashed).

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As long as your OK with potentially not being above to buy that home in the event your investments tank. If you’re dead set on buying something within that relatively short time frame, I would personally park it somewhere safer.

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Try trading cryptos fr👍🏻

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You could also consider buying the house now and renting it out to make some cash.

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You need to put that money in a safer investment if you want to hit that 3 year goal. CDs, high yield savings accounts, something of that nature. Don’t just throw it into the market as stock purchases since you may lose all of that money

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Cash isn't totally safe, with the feds printing money like no tomorrow there's always the risk of a hyperinflation event. Hasn't happened in the US yet, but that doesn't mean it's impossible.

If there’s a hyperinflation event then nothing is that safe haha

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I’m in the same situation. I’ve had mine sitting in the Vanguard Prime MMKT fund or Ally.

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