How do you invest money if i wanna save for a house in five years?

Try a time-deposit account...

You can lock your money in for whatever time period and gain higher interest than you would most other places. And you aren't taking a risk like you would with a stock or mutual fund.

Contact you bank to see what the percentage is. They change every week. Also, the more money you put in, the higher the interest rate. And if you want to keep adding money in, just do a 30 or 90 day one, and add in every 1-3 months. But if you have lots of money right now to throw in, put in a lot for a long time and you can get probably 5-12%.

The best way to save money for house downpayment all depends on the amount of liquidity you have available to you right now.

As a financial advisor (and this is free of charge) put your money into Bonds. Although no security is guaranteed, a government bond is as close as you can come.

For example: If you had $15,000 today, purchase a 5 yr. $25,000 bond (for only $15,000) and in five years you get not only your original investment back, but "interest".

Please note that that is an extreme example, but the pricipal is the same. Invest X amount today in a bond that will be worth Y (more) in 5 yrs.

Hope this helps a little, good luck.

Need anymore advice email me : pkp4l@yahoo.com

Mike R: Couldn't this person ladder treasuries?