Some background on me...I'm 25 years old, single, have a stable and promising career, and no debt.
I am considering buying my first house in another year or so.
I recently got a $20,000 bonus at work, and now have about $40,000 sitting in my savings account.
My question is: am I wasting investment opportunities by letting $40,000+ sit in a savings account that essentially earns nothing for the next year? Should I safely invest some of this in hopes of reaching my goal faster, or wait it out and continue depositing money into this savings account?
Thanks in advance!