Where to save down payment money?
Stock market is going up like crazy as of late and I feel I’m falling behind, currently saving up down payment in cash (1.9% interest rate)
As of late 😂😂
If you feel the market will continue to climb, then invest in an index fund. If you fear a recession but still want to be in the market, invest in staple commodity conpanies that people will always consume (food, paper products, etc) If you fear a recession, but trust our currency, then you can just dump into a savings account, CD, treasury notes/bonds. If you fear a recession, and suspect the collapse of our currency, and want an inflation-proof thing, go for precious metals like gold/silver If you feel like losing all your money, invest in Bitcoin
I own SPY, XLU, Nike, and a significant position in Salesforce. Considering cashing out Nike and Salesforce before the traditional holiday sell offs. Thoughts?
🤔🤔🤔
Have you heard of options? If not, that’s the investment strategy for you
So mean
What is your timeline? When will you need the Cash for your house? How large is the cash? The S&P is doing great now, but that also means you will buy stocks at a higher price so depending on when you need the money it might just be better to open a HYS (2.5 interest) account. Again, it all depends on when you need the money and how risk averse you are. Play with the Yahoo finance historical stock graphs. Also, do not forget the cost for selling and buying etc. (Look at all the portals). Do your homework!
Gold/Silver, FED admitted the other day core inflation is over 2% and will need to go much higher before they do anything. You are losing money in cash. Gold/Silver give you stability (low downside risk) with the chance of great upside with how wonky the market is lately. The US dollar is at risk of losing a lot of value long term.
Good point i change my vote
What do U do after buying gold ? Just store it under your bed ?