I am sitting on roughly $50k (this should continue to increase each month) and debt free. My next job promotion should come in 2 years and will likely move me away from my current city/state. I have the 50k spread around averaging roughly 2.75% interest. The purpose of this cash is to be used for a down payment on my first house. However, I don't see myself buying for the next 2.5-3 years. I have spoken with a few different FA all of which said I should invest the money but that is pretty obvious. Besides them all wanting the additional investment in their portfolio, they are all gun-ho on our economy; which I do not believe it is as great as they say. On a second note, I am thinking about just investing it for the long-term (retirement) and perhaps if it has grown when the time comes to buy a house I will pull it out. I know if I let this sit for the next 40+ years I am looking at 750k+ on the low. Thoughts/advice?
Submitted May 13, 2018 at 09:25PM by bruisedtoesandfeet https://ift.tt/2KTz9m1
