I was wondering where i can put my money, roughly 8k while i get work experience (currently 18, wanting to buy my first property at 20 and in the meantime learn and grow). I was thinking of putting it in an index fund but that would be more for a 5-10 year timeline. another option would be individual stocks but there is a lot of risk involved in that.
Any advice would be greatly appreciated and thank you.
In a high interest savings account.
@Marco Jimenez if you plan on using it within two year, you’ll want to keep it liquid. A cd or savings account would probably be best. Are you looking to get financing for the purchase?