I’m relatively new to the investments beyond putting a couple hundred dollars in the S&P over my few years out of college. I have $8k to invest at the moment and have projections of creating a savings stockpile of about $30k by the end of the year.
My initial thoughts are to take the money and put it on a down payment for an investment property as opposed to incrementally invest in the market. I’m worried, especially after a few of the recent market signs, that were headed for either a slow down or a recession so I’m hesitant of putting most of it in index funds, simply assuming I’m buying too high now.
In my mind there are two options:
1 start to incrementally invest in the market (mostly the S&P) and invest for the roughly 8-9% long term return
Or
2 stockpile my savings for to purchase property an investment property in a low cost of living state
Any advice would be greatly appreciated.
Submitted March 24, 2019 at 12:06AM by LittleRaskol9 https://ift.tt/2YhYTix
