I was saving up to buy a house but the property prices and interest rates don’t seem ideal and I also plan on moving over the next couple of years. Now I have ~$200k sitting in a regular savings account. Was actually $250k but I just transferred $50k to my personal brokerage and bought some ETFs/mutual funds 401k is maxed out. I’m considering to put $25k in GS Marcus CD with 4.5% APR but unsure about the rest. Any suggestions about Fidelity Robo Advisor. Since this isn’t a lot, I don’t intend to hire a financial advisor TC: $250k
Roth IRA
I'm in the same situation. Is there any risk of putting the funds in Marcus? Why only 25k?
No reason. Just wanted to diversify
Buying a house is not about timing the market and it is not a financial decision. Buy the house.
No. Buying a house is definitely about timing the market and definitely a financial decision (likely a bad one these days), in fact the biggest financial decision for most. If you don’t think this way, it’s because you already got a house years ago when they were a no brainer. Today the reality is different.
Talk to me in 15 years when houses cost even more and your rent has doubled (tripled?)
If you plan to buy within 3 years keep it in HYSA and CDs. 3 years isn’t enough time to invest in the market. But doing a portion of that in the market for a short time won’t kill your down payment.
Buy the house if you want a house. Can’t time that. Otherwise stick it in some ETFs like VTI
Capital one has 11 months CD at 5%. You can put some in there for risk free 5% return
Give it to me, I'll give it back in 2 years + 10%
Vtsax
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Try treasury bills. 5% fixed income for 26 weeks as of now. My 2 cents Also the interest on tbills are not subjected to state tax.
U mean ibonds?
Bills are short term. Bonds are long term. But y’all are talking about the same thing.