What do you think? I’m kind of flexible about when to actually buy, so I could wait 1 or 2 more years if the market is down. I think this is the best way to maximize the money I save, but I’m afraid of:
* A market crash right when I need the money
* Losing years of progress if I have to sell at the wrong time
* Missing out on safer options (like bonds or HYSA) that might fit a “house fund” better
My idea is to keep investing in the S&P 500 for about 10 years and then use that for a down payment or maybe buy outright if possible. But I know people usually say the stock market is for long-term investing, not for money you’ll need in a set timeframe.
So, does it make sense to invest in S&P 500 with a 10-year horizon if the goal is to buy a house? Or would you go with a different approach (like bonds, CDs, or a mix)?