You do know that the banks that now give you that " high 2% yield " takes your money and invests it
into stocks, bonds and/or mutual funds that average 5-7%. They are basically using your money to buy
a pie and only giving you a third of it. As far as the extra money you might have every month, diversify.
Put a third of it into a safe haven like a savings account. Use another third to put into T-bills or mutual
funds that will give you a higher yield but slightly more risky. Use the last third and go for broke. Nothing
ventured, nothing gained. As far as a down payment for your home. There are a lot of programs out there
that offer loans with only 3% down. At the end of the day, You have to decide what you are willing
to live with or without to achieve your goal. Last thought. I've said this before. Have a well thought,
realistic plan.
