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MT crystal balls - when to move $ to money market for life event in 2023-24?
Posted on 1/12/23 at 12:30 pm
Posted on 1/12/23 at 12:30 pm
Anticipating paying for a wedding, possibly as soon as end of 2023 or spring 2024.
In mutual fund: 80% stocks, 15% bonds, 5% cash equivalent.
If you, when would you pull trigger?
I’m thinking now. Challenge the thinking pls
PS, I hope future bride and groom elope. $ is theirs either way. Won’t happen but wishful.
In mutual fund: 80% stocks, 15% bonds, 5% cash equivalent.
If you, when would you pull trigger?
I’m thinking now. Challenge the thinking pls
PS, I hope future bride and groom elope. $ is theirs either way. Won’t happen but wishful.
6
Posted on 1/12/23 at 1:20 pm to Turf Taint
Definitely in this area. Maybe there’s a little more upside, maybe not.
Go buy a 9-12mo treasury bond with the proceeds.
The market isn’t an ATM especially in this environment.
Go buy a 9-12mo treasury bond with the proceeds.
The market isn’t an ATM especially in this environment.
Posted on 1/12/23 at 2:09 pm to Turf Taint
Congrats! I'm setting back $125 a month for my girl in a separate account
Posted on 1/12/23 at 2:54 pm to Turf Taint
Just do a shotgun wedding. Don’t even have to shell out for a ring
Posted on 1/12/23 at 4:33 pm to Billy Blanks
quote:
I'm setting back $125 a month for my girl in a separate account
Did similar from birth.
Weddings are expensive. May this think lean more elope than ice sculptures!
Good luck!
Posted on 1/12/23 at 5:19 pm to Turf Taint
id say there's more downside risk than upside. a 10% increase in stocks would be a blessing. money market will get you 3-4%. seems like a no brainer seeing as you need the money in a year
Posted on 1/12/23 at 6:41 pm to Turf Taint
quote:
If you, when would you pull trigger?
never. make the groom pay and they won't want to have it at the Ritz
Posted on 1/14/23 at 8:52 am to Turf Taint
This whole expectation of $100,000 weddings is just ridiculous and totally driven by wedding planners manipulating brides. Any woman who would rather spend $100,000 on a one night party rather than a house I would immediately walk away from. Guilt tripping families into wasting money on this type of thing is awful too.
Out of the three most expensive weddings I went to, two of them divorced in 3 years.
Out of the three most expensive weddings I went to, two of them divorced in 3 years.
This post was edited on 1/14/23 at 8:54 am
Posted on 1/14/23 at 12:14 pm to Drizzt
quote:
Out of the three most expensive weddings I went to, two of them divorced in 3 years.
Yep, my brother had a 65-70k wedding. They were estragned within 18 months, divorced in 2 years.
quote:
MT crystal balls - when to move $ to money market for life event in 2023-24?
This whole expectation of $100,000 weddings is just ridiculous and totally driven by wedding planners manipulating brides. Any woman who would rather spend $100,000 on a one night party rather than a house I would immediately walk away from. Guilt tripping families into wasting money on this type of thing is awful too.
Agreed, that's insanity. I'm still saving for a wedding however. I'll give my daughter a good wedding one day but it won't be some 100k bs.
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