{ "media_type": "text", "post_content": "28, $93k/yr. maxing out 401k and roth, but no other investments. want to buy property in 5 yrs. have $7k, and saving ~$1k/mo for a down payment. HYSA or should i consider investing, too? no debt.", "post_id": "5e262bf018b1ea002114bcf6", "reply_count": 13, "vote_count": 0, "bowl_id": "59064a3cb12379001006592c", "bowl_name": "Personal Investment Chatter", "feed_type": "bowl" }
null

28, $93k/yr. maxing out 401k and roth, but no other investments. want to buy property in 5 yrs. have $7k, and saving ~$1k/mo for a down payment. HYSA or should i consider investing, too? no debt.

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Emergency fund in HYSA, invest the rest.

like

HYSA and CDs were 2.4 a year ago and 1.7 now, far more likely to go down than up in the next year or two and he is talking 5 year range. I don't mean his entire emergency fund i mean a few thousand like I said if he is concerned about risk.

CapOne has 2% 1yr CDs, which HYSA account do you think will be 2% a year from now? HSBC is there now but hasn't cut yet like all their competitors. No one is going up.

smart

You are doing great! Congratulations :)

likeuplifting

Could only hear that in Dave’s voice.

thanks all! honestly, don’t know too much about investing... vanguard 500 etf a good place to start? i may just go the route of HYSAs/CDs/treasury issues

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Yes, even a single index fund like that is sufficient. If you do just things that offer 1-2% your money isn't working for you. It likely isn't even keeping up with inflation. Id recommend that if you were a year away from buying a house but not 5. You can do a mix if you aren't comfortable investing the full amount in excess of your EF in index funds.

like

As long as you’re at least 5 years out you should be able to weather any stock market storm(s).

The sooner you’re in the market the better. Compounding interest is your friend.

coming back to this... even if i gain significantly by investing in 100% VOO (or something similar) over the course of 5 years, won’t the taxes set me back when i finally withdraw the money? feel like there’s still a strong case for just dumping it all into an HYSA, unless i’m completely missing something...

You are only taxed on the gain and likely at lower ltcg rate.

Better to earn 8% and pay 1.6% back in fed taxes and end up with 6.4% than to earn 2% and come out with as little as 1.26% after taxes.

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