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Josh Sobczak
  • Mount Pleasant, SC
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Pull first house fund out of the stock market?

Josh Sobczak
  • Mount Pleasant, SC
Posted Mar 19 2020, 10:06

I was planning on purchasing my first house-hack this summer. Most of the down payment I have saved up is in mutual funds. However, the stock market is obviously plummeting because of COVID-19.  In just a few months, I’ve lost a good chunk of the down payment. My question is this: should I pull all of the money I have left in my mutual funds out now? Doing so will leave me with enough to still get a house this summer, but I will have lost quite a bit by pulling out now. I’d appreciate your thoughts.

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