No idea where to put my money!

Chris Mitton
Real Estate Broker · Member since 2020 · 13 posts · 4 votes
4y
The market is very uncertain now. I would put it in Treasury Bills and conservative mutual fund investments.
Thanks!
Chris Mitton
2 Reply
Bill B.
Investor · Las Vegas, NV · Member since 2013 · 8k+ posts · 10k+ votes
4y
Ibonds are paying 9% hard to beat a 9% guaranteed return. But that’s only going to cover the first $10-20k.
Got any debt over 5% you can pay off?
2 Reply
Account Closed
OP
New to Real Estate · Albany, NY · Member since 2020 · 35 posts · 9 votes
4y
@Bill Brandt I bonds seem to be a good idea based on the little research I did. Seems almost too good to be true. Any catch outside of the three month interest penalty for early withdraw?
Thanks for the tip!
And no, I don’t have any debt greater than 5%.
0 Reply
Bill B.
Investor · Las Vegas, NV · Member since 2013 · 8k+ posts · 10k+ votes
4y
The biggest is the rates aren’t fixed and the max contribution. So if they fix inflation the return will go down, though not instantly. I made my first investment in them when the rate went up in April.
Ps. They count all investments as if they happened on the first. So if you invest before the end of the month you get a bonus month and the penalty is really only 2 months, and I BELIEVE the month you pull out is also counted as a full month. So withdraw in the 2nd and suddenly you’re down to a 1 month penalty.
1 Reply
Leslie Anne Morris
Real Estate Agent · Smoky Mountains, TN · Member since 2022 · 1k+ posts · 984 votes
4y
If you are looking to get conventional lending the lender wants to see that money sitting in a checking account...I know boring and no upside.
1 Reply
Matthew MorrowBusiness Member
Investor · PA - NY - NJ · Member since 2019 · 513 posts · 178 votes
4y
Hi Andrew,
All of the above suggestions are valid, just do your research and know the risks of each. You also may want to consider investing your cash with another investor / company for the term in some real estate deal that's not yours. This obviously has risks as well, but then your $$ will be making money in real estate and not tied up elsewhere. Also depending on your personal situation / investor credibility you may be able to invest in REITs or other Real Estate related funds of bigger companies.
Best of luck!
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2 Reply
Nicholas L.Pro Member
Flipper/Rehabber · Pittsburgh · Member since 2018 · 6k+ posts · 5k+ votes
4y
@Account Closed just curious - why the 2 year timeframe? Is there a life milestone coming up - a move, etc.?
0 Reply
Account Closed
OP
New to Real Estate · Albany, NY · Member since 2020 · 35 posts · 9 votes
4y
@Nicholas L. That’s how long it’s going to take for me to save $50,000 for real estate purposes. Im looking to buy a $450K-500K Multifamily property using a 3.5% down payment, but will need more money for closing costs, and emergency fund.
0 Reply
Nicholas L.Pro Member
Flipper/Rehabber · Pittsburgh · Member since 2018 · 6k+ posts · 5k+ votes
4y
@Account Closed got it - and I applaud you for having a plan and the patience to save. I like some in I-bonds plus some in a high yield savings account (I know it's not actually high yield, but rates have come up from zero to 1-5-2%.)
In this short of a timeframe, the stock market is going to be rolling the dice.
0 Reply
Ricardo Hidalgo
Real Estate Agent · Member since 2019 · 569 posts · 257 votes
4y
Quote from @Account Closed:

If you were looking to buy a property two years from now, how/where would you store your savings?

Cash, T-bills, Bitcoin ;), Blue Chip dividend paying stocks, ETFs etc.?

Thanks for your help!
I diversify 40% into real estate
20% into business
20% into stocks
20% into cryptos

Depending on the bank, you can collateral your assets as a line of credit so you don't have to pull cash out and it's interest only.
1 Reply

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