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I am looking to invest some savings that would go towards a house downpayment, so I want to keep them available in short term. Local banks (Greece) offer a 6m deposit rate of around 1.5% which seems low given the general rates around the world. I would look to get a 3-6m US T-bill for roughly...

@saharali1991 If you would feel bad about going down, then do DCA, eg across a 12 month period. Statistically you would probably be a little bit worse off but investing is also about emotions and discipline, so do what works for you.