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Posted on 11/12/13 at 6:20 pm to kingbob
You stated your goal is to buy a house.
With the short timeframe of your intended goal, you can not reasonably expect a significant return on your investment and you are exposing yourself to substantial market risk.
Being young, you should be a big emphasis on retirement funding due to the power of compound interest.
However, funding for your housing goals should not go into the market. Keep it liquid. You would be risking thousands on the chance to gain hundreds otherwise.
Do not put anything in the market for a goal that you don't expect needing in the next 3-5 years (as an absolute bare mininum).
Best summary I can give of his point as I understand it
With the short timeframe of your intended goal, you can not reasonably expect a significant return on your investment and you are exposing yourself to substantial market risk.
Being young, you should be a big emphasis on retirement funding due to the power of compound interest.
However, funding for your housing goals should not go into the market. Keep it liquid. You would be risking thousands on the chance to gain hundreds otherwise.
Do not put anything in the market for a goal that you don't expect needing in the next 3-5 years (as an absolute bare mininum).
Best summary I can give of his point as I understand it
This post was edited on 11/12/13 at 6:23 pm
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