I bought a house earlier in 2021. At the time, I had a healthy savings account and a few thousand invested in a brokerage account. The house required some repairs and has caused me to deplete my savings. I have been looking at my finances and I was initially going to rework my budget so that I could save "n" amount each month and have a healthy emergency fund again in about a year. With that, I planned to keep the few thousand I had invested sitting in the brokerage account to let it just grow naturally without adding any funds over the next year. Now, I'm reconsidering and I'm thinking I should liquidate my investments as it would get me darn close to a healthy emergency fund and essentially restart my investment interests later. I'm new to homeownership, investing, and planning for financial success so I appreciate and all suggestions.
Other details:
My definition of an emergency fund is that "3-6 month of expenses" motto
When I mention "my investments" it's in reference to money I had about a year ago until when I bought a house that I was playing with in the stock market during COVID. I had never invested in stocks, and I wanted to give it a try. The account has done well, but I'm also worried about this "correction" we keep hearing about... This account is not for retirement - I handle that through my employer, which I do not touch.
Submitted September 15, 2021 at 09:01AM by SocialCompromise https://ift.tt/3nEfaxk
