Business in Action 8th Edition by Courtland Bovee,John Thill

Exercise 19

Assume you are trying to save money for a down payment on a house, and your goal is to have enough within three years. The stock market is raging and has been for nearly four years. Should you invest your current savings in the stock market with an eye toward pulling the money back out when you're ready to buy in three years? Why or why not?