- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
How do some of you handle future expenses such as house down payment/wedding/etc
Posted on 8/7/16 at 7:35 pm
Posted on 8/7/16 at 7:35 pm
I want to do something aside from keeping the cash in a bank account. Best vehicle?
Hypothetical example: down payment for house needed in 5 years or so
or another example
Wedding for daughter in 20 years.
Hypothetical example: down payment for house needed in 5 years or so
or another example
Wedding for daughter in 20 years.
7
Posted on 8/7/16 at 7:49 pm to HailToTheChiz
For 5 years I would probably stay in cash or maybe a CD. If I had other money I might put it in something like VWINX.
For 20 years, VWINX or VBIAX. But this is now investing vs just saving.
For 20 years, VWINX or VBIAX. But this is now investing vs just saving.
Posted on 8/7/16 at 7:56 pm to Sigma
quote:
For 20 years, VWINX or VBIAX. But this is now investing vs just saving.
Yeah. That's what it comes down to I guess. Am I willing to risk the money in the market or stay safe and keep cash
Posted on 8/7/16 at 7:57 pm to HailToTheChiz
I'm also saving for a down payment and can't make myself put it in anything but online savings (woo 0.75%!). Sucks
Posted on 8/7/16 at 8:10 pm to HailToTheChiz
quote:
Yeah. That's what it comes down to I guess. Am I willing to risk the money in the market or stay safe and keep cash
I tend to hate the feeling of losing money more than the feeling of missing out on gains.
Posted on 8/7/16 at 10:10 pm to The Easter Bunny
I'm the same way. Too scared to do anything except save.
Posted on 8/8/16 at 6:09 am to HailToTheChiz
I opened a high interest checking and savings account. At the time it was 4% on up to 20k in the checking and 1% in the savings. It's since gone down to 2% now in checking I believe, but not too shabby for no risk (outside of someone stealing checks or debit info). Look for a bank with Kasasa.
Posted on 8/8/16 at 6:39 am to HailToTheChiz
I have had a 'future car account' for years that has changed from savings to tiered cd's to finally a vanguard fund that is mostly bonds because I cant stand to have money sitting around for long not invested. My taxes will get a little complicated when its liquidated but it will be good to get used to the cost basis drill for later in life anyway.
Posted on 8/8/16 at 6:55 am to HailToTheChiz
treat your roth like a savings account. You can withdraw money put in with no penalty
Posted on 8/8/16 at 7:28 am to HailToTheChiz
barclays Dream account is an OK option.
Posted on 8/8/16 at 8:24 am to HailToTheChiz
quote:
down payment for house needed in 5 years or so
Company's credit union has high interest account
quote:
Wedding for daughter in 20 years.
Buying lottery tickets
Posted on 8/8/16 at 1:23 pm to KG6
quote:
I opened a high interest checking and savings account. At the time it was 4% on up to 20k in the checking and 1% in the savings. It's since gone down to 2% now in checking I believe, but not too shabby for no risk (outside of someone stealing checks or debit info). Look for a bank with Kasasa.
IIRC these aren't FDIC insured
Posted on 8/8/16 at 1:33 pm to GenesChin
quote:
Wedding for daughter in 20 years.
Buying lottery tickets
And perhaps work on raising her to have reasonable, non-ridiculous expectations when it comes to weddings.
Posted on 8/8/16 at 7:35 pm to HailToTheChiz
Is there really any significant risk in Vanguard bond funds? It seems like 5-6% over 10-20 years is pretty much a slam dunk.
Posted on 8/9/16 at 12:10 am to TexasTiger34
Posted on 8/9/16 at 7:29 am to NewIberiaHaircut
I am using Betterment as a glorified savings account.
It is split right now. 60% bonds and 40% stocks. Earned 7.2% since Feb. Way better than it just sitting in the bank.
It is split right now. 60% bonds and 40% stocks. Earned 7.2% since Feb. Way better than it just sitting in the bank.
Posted on 8/10/16 at 7:42 am to SG_Geaux
quote:
It is split right now. 60% bonds and 40% stocks. Earned 7.2% since Feb. Way better than it just sitting in the bank.
yea but you're kinda just justifying risk based on recent gains..
not the smartest thing in the world but you also never hear gamblers talking about losses, just winnings
Posted on 8/10/16 at 8:11 am to SG_Geaux
Thats like saying att shell and bp is a super savings account because im up 25% since i bought them in february with this years roth contributions.
Page 1 of 1
Popular
Back to top
Follow TigerDroppings for LSU Football News