{ "media_type": "text", "post_content": "I have a $60k sign on bonus coming in, after tax around $42k. I’ve never had this amount of money before and want to spend it wisely and maybe invest… what would you recommend? I was thinking of buying a home but the buying market is so bad right now in my city (Dallas, TX)… any and all recommendations welcome!", "post_id": "61e8b25cae18ee002cebf857", "reply_count": 17, "vote_count": 2, "bowl_id": "5acc42208c6b52001375e11e", "bowl_name": "Option Traders & Investing", "feed_type": "bowl" }

I have a $60k sign on bonus coming in, after tax around $42k. I’ve never had this amount of money before and want to spend it wisely and maybe invest… what would you recommend? I was thinking of buying a home but the buying market is so bad right now in my city (Dallas, TX)… any and all recommendations welcome!

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Here’s the thing… home prices will decline after inventory builds and interest rates rise. While you’ll pay less for the asset, you’ll pay more in interest. Locking in a low rate probably makes the most sense long term.

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OP- I would look to lock in a rate now even with the 6 yo delinquent car status. If it were newly delinquent then I’d worry but six years is sufficient time to show you’re responsible. I was able to buy a second house with a 6 mos delinquent status on my first mortgage because it was close to falling off and I had a reasonable explanation. As long as there’s nothing else and your DTI ratio and current credit score is good, you should be fine. At least talk to a broker or lender to get their opinion. You maybe fine.

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Do it if you need a home. I can’t imagine the market slowing down anytime soon in Dallas. I live in So Cal and I am using my $45k sign-on for repairs and upgrades. The house is a mess. The house will be worth at least 20-30% more once I am done with it. You can use your money for the down payment…

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Well, you have to live in it for 2 years (out of 5) to avoid the capital gains tax.

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Congrats! Wait for the market to crash then invest in stocks. If you play this right the law job will become a side hobby.

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If only I could predict that, I’d be right up with Musk and Bezos in net worth. But serious talk, I do think good growth stocks are dropping right now and could be a good/valuable buy soon.

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I recently got a ~36k after tax bonus, I plan on getting a short term rental once I save up enough for the down payment in the next few months. Right now it’s just cash sitting in my brokerage account.

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What level at Accenture gave you a 60k sign on bonus?

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lol pretty sure Julie ain’t moving to dallas. She loves her white bathroom office

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