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Here are some awesome apps for investment:-
1.Groww
All in one app- investment in Mutual funds,stocks,IPO,FD,Gold.
Link:- https://app.groww.in/v3cO/61bcf14
2. Cred
For managing all credit cards at one place. Think as someone is paying you for your credit card bills.
Link:- https://app.cred.club/spQx/ce090339
3.INDMoney
Invest in foreign stocks and efts. As you need to diversify your portfolio.
Link:-https://indmoney.onelink.me/RmHC/9cb8da54
4.WazirX
Its my favourite for crypto investments.
Link:-https://wazirx.com/invite/j9kk5ted
5.12%club
For parking your emergency funds and getting 12% p.a is exceptionally good.
Link:-https://twelveclub.onelink.me/2Cmd/25922c
Never put all eggs in one basket.
Is now a good time to buy VTI?
Rising Star
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Say it louder for the ignorant people in the back.
Anyone has joining on 10th october?
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No true, I’d rent also check out a rent versus buy calculator. Homes are not increasing in value right now and interest rates are incredibly high. Do yourself a favor and rent/wait to but
Condo is the way to go! Ownership with less responsibility of homeownership
Keep living with parents and get an AirBnB property. After you’ve expanded to 3+, have that support your rent/mortgage (independent from salary). If it’s not impacting you socially, and they’re alright with you living with them, then there’s no rush.
Even if rent is 1500, that’s 18k a year you could be saving.
Would love to but gotta move out for mental health and personal growth!
I was in the same position as you about 2 years ago with practically the same parameters.
I also hated the idea of renting and fortunately for me, I was able to get a 460k home around a HCOL area at an interest rate of 3.125% with a salary of about 100k; albeit required me to overbid by 40k at that time.
The average cost of this ends up being about 2150 for mortgage and escrow and about 400-500 for utilities. You would also have to take into account your likely increased spending for personal needs and groceries/eating out.
In my opinion, home owning was definitely the way to go since it allowed me to be able to start my path in owning significant assets. However, I would only recommend this if you already have the 20% down with around $10k-$15k in cash to pay for closing costs and unexpected expenses that the previous home owner didn’t tell you about. Interest rates are also not in your favor. When you push your dti to the bank’s limit, which is probably around 42-44%, that’s when you might start feeling house poor. The moment you start living by yourself either through renting or home owning, I feel like you can only practically save around $10k-$15k a year without starting to sacrifice too much. Hopefully that gives you some context on the cost of home owning.
The calculation you need to do is compare rent to your unrecoverable home ownership costs. Add up: property tax, insurance, maintenance, mortgage interest, HOA, etc and if that is less than $2k then maybe buy. Also consider if you buy does that create any other costs (needing a car in the suburbs vs public transit in a downtown apt, etc)