34, single. income is $150-250k/year, depending on commission. 401k (currently at $415k) is maxed out, no longer qualify for roth ira. mega backdoor roth through 401k. about $520k in money market (3.15%) for emergency/eventual down payment on home.
i love the idea of buying a home in cash, or paying as much as i can up front, but i know i'm losing out on time in the market… so i'm thinking i should open a taxable brokerage and invest in s&p 500… i have no idea when or where i'm going to buy a home.
should i move $300k into a brokerage, keep $20k for emergency, and settle for $200k as a 20% (at least) down payment? or should i do less than $300k?
have been saving to buy a home in cash… but no idea when i'll buy. should i move most of that over to a brokerage, and settle for a 20% down payment?
byu/europeanuppercut ininvesting
Posted by europeanuppercut
3 Comments
With the current interest rate it’s slightly better to invest. But again that all depends on your risk appetite
Questions like these always make me laugh.
Bill Gates asked Warren Buffett what he should do and Buffett told him to diversify out of microsoft. This ended up costing Gates billions.
My point? Nobody freaking knows. Do whatever you want you might get lucky. You might lose your shirt. Either way don’t be too risky and you’ll probably be fine. The end.
25 percent down to avoid any LLPAs btw (hits to the rate).