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[quote=Anonymous][quote=Anonymous]I have saved 20K to buy a house. I am not going to buy this year or until I have a way bigger egg. Just read about someone's emergency fund...putting that into a mutual fund. If returns are high this year, like 15% or higher, how much would the penalty be if I put this in a mutual fund for a year. It is risky, but there has got to be a better return than my .10% money market account. [/quote] I wouldn't put an emergency fund in a mutual fund and I definitely wouldn't put a downpayment for a house in a mutual fund. As an aside, I think the only reason the stock market is up is because people are chasing returns. You can find a savings account with a higher interest rate (Ally, Discover, Capital One 360, etc).[/quote]
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