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Reply to "120k in cash"
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[quote=Anonymous]Mutual funds are the stock market. If you're buying in the next 2 years, I'd find the best yield savings/money market account and just park it there. I know it feels like an insane amount of money to just let sit, but it isn't that far out of line. We come from a very similar background and leave around $70K in savings all the time (now that our house is paid off) between emergency fund, car repair/replacement, home improvement, and vacation savings. Let me tell you, it lets us sleep very well at night and isn't compromising our long-term investments. If a crisis strikes, I don't want my safety blanket dropping in value at the same time (which is very possible with the market volatility - you need to be prepared to let the money sit 5+ years to recover). [/quote]
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