Here is a little about us. 28 years old, married and in the military. Wife is 27 and a travel ICU nurse. We have three rental properties and we just paid one off this summer. The two remaining houses have an interest rate around 4.1%. We owe $125k for one and $225k on the other.
We have $20k in our emergency fund and I have $62k in my roth and she has $11k (already maxed out this year, she’s starting). I have about $17k in my TSP which I just started last year and will continue putting money towards it, around $1k a month.
Here is where my question comes into play. My wife isn’t too comfortable with stocks, thinks everything is going to crash. We are about to move to another country and I am selling my truck for around $25k. I say we put half into stocks and half towards the house with $125k, she wants all towards the house.
Just curious on your thoughts. I do have experience trading stocks, not an expert but have been trading for a few years now. I would say I’m an average trader.
My idea is that we could possibly make more than 4% in the market, and then put that money towards the house in a few years once we get close enough to pay it off. Say we put $20k into the market and once we have the house down to around $20k then we will take that from what we have in investment in the market to pay it off.
Our goal is to have the house paid for in the next 2-3 years, if that makes a difference. Already we are putting more towards principal since our emergency fund is back to normal.
So should it all go towards the house? Half and half? Maybe all into to the market?
Thanks
Thanks
Submitted July 28, 2018 at 12:04PM by CooleyRain https://ift.tt/2K20UXX
