jihad ↑ pfp
jihad ↑
@jihad
Let’s say you plan to buy a house in 12-18 months. You have the money for a down payment, but it’s in the market right now (combo of ETFs and individual stocks). Do you: (1) Keep the money in the market but in a more conservative portfolio (2) Put the money in a savings account and sit on it (3) Something else
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Anaroth pfp
Anaroth
@anaroth
If I’ve made the money to buy the house from trading and I’m confident I’m questioning why I’m buying a house right now to begin with Part of me thinks the home buying narrative as ultimate goal are those that don’t understand wealth creation in other forms
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Metaphorical pfp
Metaphorical
@hyp
50/50 1 and 2. People think too all or none about these things. Hedge.
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Royal pfp
Royal
@royalaid.eth
It's a numbers thing like people have said but unless your looking at like 5-10k in yield it's probably not worth it and you're better off getting some small yield in bonds. Also depends how hard your timeline is. NFA just the mindset I went through when I had to do the same
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Tayyab - d/acc pfp
Tayyab - d/acc
@tayyab
Good question. Numbers matter so hard to give a definitive answer. Yields are likely to come down, which means stock may go up. Though when you sell equities you will pay capital gains tax which will hurt you. I’d recommend, don’t sell but shift your savings towards cash somewhat. Get to your target in savings or close and cash out equity if you need.
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will pfp
will
@w
if your timeline is flexible, keep it in the market. If not, put it in something less volatile (VUSXX, perhaps). If somewhere in the middle, do a blend
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chicago pfp
chicago
@chicago
Conservative ETF and then a high yield savings closer to when you make your move You can get 3.5%-4.5% apparently https://www.forbes.com/advisor/banking/savings/best-high-yield-savings-accounts/
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Tony pfp
Tony
@0xt0ny
Step 2 when you start seriously looking, step 1 now
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bence pfp
bence
@bence
when i’ll need liquid, planning to start at 1, then move to 2 at a pace that lets me minimise tax liability when selling from 1
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FrameTheGlobe pfp
FrameTheGlobe
@frametheglobe
Just don’t overthink it. If you need the house and can put together the down payment just do it. Owning a place is a blessing.
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Nate Maddrey pfp
Nate Maddrey
@nmadd
I’d put it in a money market or savings account. Might lose out on some gains but can sleep sound at night knowing you’re not screwed if the market tanks
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nick pfp
nick
@nickysap
Set up a living trust w the money, have the trust ape into the house when you’re ready
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alex pfp
alex
@alexgrover
I do UDSC in Morpho to get better returns than a HYSA, but same idea. Def out of the market
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Jason pfp
Jason
@jachian
Out of the market, in a savings account
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Kyle Patrick pfp
Kyle Patrick
@kylepatrick.eth
In the same boat, I have the money to buy it in cash, but I'll be loaning money still from the bank and keeping money in the markets (1). Reason for this to leverage loan money as good debt, since I can chip in bit by bit from my portfolio, not miss out on gains, and have cash to invest elsewhere when opportunity arises
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Ben pfp
Ben
@machinemiller
The pumpfun casino. Get yourself that swanky mansion. Or possibly a tent.
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CarCulture.eth🎩 🔵 pfp
CarCulture.eth🎩 🔵
@carculture.eth
Ask grok
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