What is my next step after investing in mutual funds?

I am 30 years old and I currently have some investments in mutual funds. However, I do not see my money increasing or decreasing and I'm not sure what to do next. My goal is to gain enough funds to buy a house. 

Investing, Mutual Funds
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1 week ago
75% of people found this answer helpful

Hi, I am not sure how long you have been invested or in what you invested - but if it has been a few months or a few years and you are invested in stocks (US and Global) then you should have seen reasonably good returns. If not, it could be that you are not invested in the right asset class or products.

The right way to invest towards any goal is to have a reasonable time frame, expect a reasonable rate of return and be invested according to your risk profile (Ability and willingness to take risk). You can make use of a mix of asset classes such as stocks (Higher return with higher risk) and bonds (Lower returns and lower risk).

As for buying a house- needless to say, if your cash flows allow it (For down payment and periodic mortgage payments) then you can also buy a house using a mortgage. If your plan is to buy a house using a down payment within in the next year or so then you may want to keep that money for the down payment in a fairly stable investment such as in savings account, a money market fund or short-term government bond fund. Anything in excess can be invested for the long term for higher returns.

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