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Reply to "Should I gamble my home sales proceeds?"
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[quote=Anonymous][quote=Anonymous]I sold my home and netted $140k. I want to buy another house but I need more down payment. Should I dump the $140k into VTI? I plan to buy in 2 years. I'll sell VTI then. Would you gamble your proceeds this way?[/quote] VTI. No. Another ETF maybe. I mean ultimately in 20 years VTI, based on market history, will most likely be up. However, we are in an era where gold is skyrocketing because of fear of dollar devaluation and global instability, tariffs, and layoffs. Sure, will we see a rate cut that booms the market soon? Yeah? But then what? Job numbers are still to keep coming out and getting revised down. Wages won’t keep pace with the cost of goods. Basically we are going to a recession sooner than later. The market is completely irrational. I’m buying gold ETFs for a while. If you want to gamble buy GDE, URNJ, or OPEN stock and hold for a few weeks or whatever and then sell. I wouldn’t sink $200k or whatever into the VTI right now and expect it would that high in 2 years. It’s so high now. You should buy IAUM and wait for a crash then buy VTI or better yet VXUS.[/quote]
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