I have about 10k invested in ETFs/Mutual funds. I’m looking to buy a townhouse next summer. Should I let them ride or sell?

I’m up about $800 dollars thus far.

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For your time horizon, I’d recommend hedging...

Like putting it on 0/00 at the roulette table and letting it ride.

But it takes time to compound, how much $ do you think you need?

likefunny

Hahahahaha this is great

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Any money you we any to spend in the next year or so, move to cash.

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I’m assuming your ETF/Mutual funds are stock-heavy. If so, if it were my money, I would gradually move it to Bond ETF’s, such as BSV, BND, or BLV, depending on your risk profile. That way, you get some return on investment, while reducing risk.

Moving it from stocks all the way to cash is a little drastic, IMO.

helpful

Is that your entire liquid net worth to use for a down payment? If so you should definitely move to cash with that time frame

No I have another 10k sitting in HYSA and I’m going to aggressively save for the next 10-12 months

I’d put a trailing stop loss on anything you have in the market and set at a fairly tight risk tolerance (e.g., 5%) since you have a short-term need for this money. This takes the emotion out of it.

Everyone should do this with every investment they have in the market, although not all at 5%.

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