Quote:
Originally Posted by B!tch
3 years! Nothing should surprise me anymore but is it sitting in a .5% savings account waiting? Could you not left it 'invested' until you purchase?
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I started putting some money back into the markets since it seems like it won't be 2021 until I get a place. The area I was planning to buy in this summer got decimated by vacancy and I wanted lower volatility and lower vacancy for my first rental unit.
If I decide to buy a principal residence first, I'd look for 2br's and have a roommate to cover some overhead. I just moved out in October with a roommate into a 2br and so far I feel like this is my ideal set-up for the next 5 years. It's nice having a roommate to share some household expenses. Also really fun socially.
I currently have 15% of my cash in lower volatility stocks and ETFs focussed on dividends. 20% in REITs. The remaining 65% is sitting in what used to be the 3.3% HISA at LBC digital. It's like 1.5% now? It's also against every personal finance advice to keep the money you need within the next 5 years in the market. If the market goes down, you can't buy because your downpayment will be severely reduced.