Investing funds while saving for next purchase

[Mark Kelley]

I'm curious what other investors are doing while banking or investing cash flows while saving for next down payment or all cash purchase. Care to share?

For my part, saving over a 3-5 year period before my next RE purchase, a time frame which I consider meets a minimum time horizon for a 'long-term' investment, I invest monthly cash flows with a dollar cost averaging mentality into a mix of stock market index funds, growth stock mutual funds, and ETFs.