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[quote=Anonymous]I assume you're not in DC, because $20k won't get you a house even if you can somehow get a 5% down loan. Re: mutual funds...you are referring to early redemption penalties, which are not present on most funds but generally run up to about 2% on the total assets redeemed if redeemed within a required initial investment window (60 days is common). Otherwise, no penalties usually. Re: your expectation of 15% ... That is mighty ambitious. Long term stock market returns average about 9% per year and that is with TREMENDOUS volatility. You're nearly as likely to lose 15% after a run like we've had as you are to make another 15% from here in 2014. Could certainly happen, but don't bet your down payment on it. If you're going to need money in the next year (really, the next three years), it doesn't need to be invested in risky assets. That's for long term money only.[/quote]
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