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#11 | |
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I hate not having a plan with stuff, can you tell? ![]()
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#12 |
Elitist
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How long until you have that amount? If it's going to take several years of saving, then at least some of it should be in stocks, and the rest in stuff like muni bonds, otherwise you're getting hosed by today's crappy interest rates on savings & CD's.
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#13 |
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couple more years (3 at most).
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I'm not "fat." I'm "Enlarged to show texture." Handle every stressful situation like a DOG: If you can't eat it or hump it, pi$$ on it & walk away. |
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#14 | |
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Join Date: Nov 2008
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Who in their right mind would settle for a 2% CD when he could have been in the market the last 5 years and yielded over 5%*. *That would be a negative 5%, but hey, at least he'd be in touch with normal Americans, right?
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#15 | |
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I'm not "fat." I'm "Enlarged to show texture." Handle every stressful situation like a DOG: If you can't eat it or hump it, pi$$ on it & walk away. |
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#16 | |
Elitist
Join Date: Nov 2008
Location: SF Bay Area
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Also, you realize I said only SOME of it in stocks, right? I also didn't know how long he'd need to save, which is why I asked. If he only needed to save for 5 years, then I probably wouldn't buy any stocks either, but if it were longer than that, I'd put some of it in. |
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#17 |
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#18 |
Vrooom
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I totally get how crippling it can feel. I have student loan debt and even though I'm working to pay it off, I feel like I will never get ahead.
But she obviously just stuck her head in the sand for it all and expected it to go away. |
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#19 |
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#20 |
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You asked and then proceeded to spew your "strategy" before knowing one not to mention any of the answers.
I gave the example of 5 years. Particle said 2-3 more. So with a time horizon of 7-8 years, you would have invested in stocks? I know you said muni's too but they haven't faired much better.
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