Anonymous
12/06/2013 00:52
Subject: Mutual Funds - Vanguard - Investing
I would not look into financial advisers. They will just take your money.
for a downpayment for 5 years time I would do something like 50 percent bonds, 50 percent equity. chose vanguard trackers for stock - lowest fee you can find.
for a downpayment for 5 years time I would do something like 50 percent bonds, 50 percent equity. chose vanguard trackers for stock - lowest fee you can find.
Anonymous
12/06/2013 00:40
Subject: Mutual Funds - Vanguard - Investing
Well for you my friend. I would suggest you to check with the financial advisers in your neighborhood. You will likely find a good mutual fund investment. Usually, mutual funds have different plans and choosing the right one will help you have it liquidated at the right time to buy the house. Personally I have opted for Birla Sun Life Ultra Short Term Fund - Liquid Fund and I am pretty satisfied with the plan. This plan aims to generate income with lowest interest rate risk. For more information and decent plans you can check here - http://mutualfund.birlasunlife.com
Anonymous
12/04/2013 08:50
Subject: Mutual Funds - Vanguard - Investing
Anonymous wrote:if you are saving for a house, do not invest in the stock market. if you need money in the next few years, the stock market is the last place you should put it (especially now, after a huge run-up. like you, i suspect many people have noticed friends/relatives getting double digit returns the last couple years and want a piece of that. this is usually a sign that the market is about to correct).
While there's been a run up, I doubt timing is this easy
Anonymous
12/03/2013 23:19
Subject: Mutual Funds - Vanguard - Investing
if you are saving for a house, do not invest in the stock market. if you need money in the next few years, the stock market is the last place you should put it (especially now, after a huge run-up. like you, i suspect many people have noticed friends/relatives getting double digit returns the last couple years and want a piece of that. this is usually a sign that the market is about to correct).
Anonymous
12/03/2013 18:32
Subject: Mutual Funds - Vanguard - Investing
You could just open a brokerage account.
Anonymous
12/03/2013 18:11
Subject: Mutual Funds - Vanguard - Investing
Anonymous wrote:No one knows what your returns are going to be, or even what they are likely to be. If you're not currently contributing to an IRA, it's a fine place to start. Since you don't seem to have a definite time frame for when you want to buy a house, a 70/30 Stock/Bond allocation at Vanguard is a good start that can be made more conservative as you get closer to your goal.
Are you thinking of a Roth IRA that will allow you to withdraw all contributions at some point (earnings withdrawn are subject to penalty), or a Traditional IRA, where you will be limited to a $10k withdrawal for a first time home purchase? You should definitely make it a goal to be able to sustain dedicated retirement contributions in addition to downpayment savings.
I forgot! I had planned to do the IRA for College for my little girl...then if she gets a sports scholarship for basketball or crew (LOL) that money can be for my retirement.
So I guess this is a moot point.
I have a ROTH 401K through my employer...but the IRA was going to be traditional. (Starting That with Vanguard in January)
Arg...I guess my money market savings account will just have to do.
Anonymous
12/03/2013 18:03
Subject: Mutual Funds - Vanguard - Investing
No one knows what your returns are going to be, or even what they are likely to be. If you're not currently contributing to an IRA, it's a fine place to start. Since you don't seem to have a definite time frame for when you want to buy a house, a 70/30 Stock/Bond allocation at Vanguard is a good start that can be made more conservative as you get closer to your goal.
Are you thinking of a Roth IRA that will allow you to withdraw all contributions at some point (earnings withdrawn are subject to penalty), or a Traditional IRA, where you will be limited to a $10k withdrawal for a first time home purchase? You should definitely make it a goal to be able to sustain dedicated retirement contributions in addition to downpayment savings.
Are you thinking of a Roth IRA that will allow you to withdraw all contributions at some point (earnings withdrawn are subject to penalty), or a Traditional IRA, where you will be limited to a $10k withdrawal for a first time home purchase? You should definitely make it a goal to be able to sustain dedicated retirement contributions in addition to downpayment savings.
Anonymous
12/03/2013 17:49
Subject: Mutual Funds - Vanguard - Investing
Bueller?
Anonymous
12/03/2013 17:40
Subject: Mutual Funds - Vanguard - Investing
Anyone?
Anonymous
12/03/2013 17:24
Subject: Mutual Funds - Vanguard - Investing
I have decided that I am not going to buy a house until I have 20% down. I have $20K in savings so far. I can put $5500 a year in a mutual fund (IRA) account right? But how liquid is it and what will I have to pay when I pull out to buy a house. These past few years I have been watching my Aunt's 401K account and IRA and she has had an 18% return for two years. My small 401K is at about 11%. Is this nice trend going to continue for awhile, because the chatter is that it isn't.