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| "John A. Weeks III" <john[at]johnweeks.com> wrote in message news:151120041818116425%john[at]johnweeks.com... - quote - > In article <H-mdnaRCvOWsogTcRVn-sA[at]comcast.com> , noidea1263
Unless you already have a lump-sum that you'll be investing to make the> <noway[at]nospam.comorg> wrote: > > I am interested in finding out the best ways to begin accumulating money > > to > > buy a home. Let's say that the timeframe before purchase would be 5-10 > > years. Are there any investments out there that would maximize my saving > > for a home? > The answer is "yes" there is an investment that will maximize your > savings. The problem is that you will not know what it is until > the date when you take the money out. No one knows what the future > will bring. > As a result, you have to play the averages. The stock market > has done just over 11% on average, but it is more of a long term > investment. Money market, CD's, and bonds return far less, but > are far less likely to lose in value over your 5 to 10 year time > horizon. > It boils down to what kind of rate of return you need, and how > much risk are you willing to take to get that rate of return. > -john- downpayment 5-10 years from now, you probably don't need to worry about the investment return quite yet. The only thing you really have any control over is how much you save. So maximize your earnings and savings and minimize your expenses and be careful about locking the money into anything in which you'll be penalized for withdrawing in case you need the money sooner. Leigh |
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| noidea1263 <noway[at]nospam.comorg> wrote: - quote - > I am interested in finding out the best ways to begin accumulating money to
The homebuilding stocks should do a little better than keeping up with> buy a home. Let's say that the timeframe before purchase would be 5-10 > years. Are there any investments out there that would maximize my saving > for a home? Thanks! price homes. BZH and SPF should be OK. Another alternative is to invest in REITs, but I don't have any recommendations. You may be subject to some interest rate risk that far in the future, So, it may be to accelerate your purchase with a condo and then upgrade to a house later. -- Ron |
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| In article <H-mdnaRCvOWsogTcRVn-sA[at]comcast.com> , noidea1263 <noway[at]nospam.comorg> wrote: - quote - > I am interested in finding out the best ways to begin accumulating money to
The answer is "yes" there is an investment that will maximize your> buy a home. Let's say that the timeframe before purchase would be 5-10 > years. Are there any investments out there that would maximize my saving > for a home? savings. The problem is that you will not know what it is until the date when you take the money out. No one knows what the future will bring. As a result, you have to play the averages. The stock market has done just over 11% on average, but it is more of a long term investment. Money market, CD's, and bonds return far less, but are far less likely to lose in value over your 5 to 10 year time horizon. It boils down to what kind of rate of return you need, and how much risk are you willing to take to get that rate of return. -john- -- ================================================== ================== John A. Weeks III 952-432-2708 john[at]johnweeks.com Newave Communications http://www.johnweeks.com ================================================== ================== |
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| I am interested in finding out the best ways to begin accumulating money to buy a home. Let's say that the timeframe before purchase would be 5-10 years. Are there any investments out there that would maximize my saving for a home? Thanks! |