I've been saving for a down payment on a house but now it does not seem it will happen for at least another 3-4 years.
I have all that money in TFLO (Treasury Floating Rate Bond ETF) but I know I'm loosing money because of inflation. I've look at TIP and STIP but I already got burned when the Feds increased interest rates. Also, I've looked at FDHY and it seems like a good choice but it does have some volatility and if I need the money and it drops, I'm screwed. Any type or category of investments I should look at?
Thank you!
I'm in the 22%-24% bracket and have 7% state tax (that's why I use TFLO and USFR for emergency fund).