Hi all,
I replaced my (flat) roof last year and expect the new roof to last about 10 years. Total replacement cost was $4,000. I have those funds available now, so my question is: should I park them in a Vanguard target retirement 2030 fund? My logic is: that fund is designed to protect the investment as 2030 approaches. If it performs the way the target 2020 fund has over the past 10 years (7.93% average return), I'll double my money in 10 years and essentially get the roof replaced for free.
I'm operating under the assumption that I won't unexpectedly have to do a roof replacement in 3 years, and that I _shouldn't_ be dipping into my roof fund between now and then for any other reason (since I know I'll need it in about 10 years).
Is this a sounds strategy? Is there a better way to park that money?
Submitted January 10, 2021 at 03:46AM by LeftyAce73 https://ift.tt/3hZQn1N
