Based on your financial expertise, provide your response or viewpoint on the given financial question or topic. The response format is open.

As an investing novice, what to do with my money?
I'd keep the risk inside the well-funded retirement accounts. Outside those accounts, I'd save to have a proper emergency fund, not based on today's expenses, but on expenses post house. The rest, I'd save toward the downpayment. 20% down, with a reserve for the spending that comes with a home purchase.  It's my opinion that 3-5 years isn't enough to put this money at risk.