So I’ll be receiving a ~120k USD lump sum next spring. If you were in my shoes, would you:

A) Purchase a ~350K home (in Orlando) with 20% down. Remaining 50k in stock market
B) Just DCA it all into market

Further context: Will likely be at grad school for 1.5-2 years following that. Will have an income from scholarship stipend but it'll only cover expenses. Also unsure how that'd work with mortage application if I don't have an ability to provide proof of income.

like
Posting as :
works at
You are currently posting as works at

Invest in bitcoin and sit back and watch your money work for you

likefunny

Is grad school in Orlando? Will you want to continue to live and work in Orlando post grad school? These are some things to consider before buying a house. If you don't know where you'll end up then hold off on purchasing a house.
How are you paying for tuition?

likesmart

No, do not buy a home you don’t plan to live in.

id rather fling myself off a cliff than buy a house in orlando

like

So my main goal here is just to diversify my portfolio a bit from the stock market .. I guess investing in a REIT would serve the same purpose? Any potential pitfalls there?

like

Feel free to elaborate on why they “suck” and how I can do better? Seems like the main disadvantage of a REIT vs. owning a real property is on the tax side.

Tax free?

like

Recipients don’t pay gift tax

likesmart

Is it a gift or inheritance? Depending on the application of tax, the rev changes.

I’m not one for houses, esp if you’re doing grad school. Sounds like it’s not MBA, but unless you’re going to live by the school the purchase doesn’t make sense.

For 2, I wouldn’t DCA. I’d just drop it all in. It’ll go up and down maybe, but all-in time over a few years is better than DCA…especially if it’s inherited Roth dollars that don’t need to be cashed out for a long time.

like

House for sure!! Best investment that you get to start using and enjoying right away

like

No, he or she isn’t planning on living there.

Don’t be putting a large down payment down if interest rates are still low - you’re better off having that $ make you $ to pay off mortgage payments

like

Rental properties require 25-30-%+ down. 20% is conventional if you live there. Good luck

like

Related Posts

Anyone used southwest chase credit card? Thoughts? Have you gotten the companion pass? How was it?

like

Do people use their HSA to actually pay for health expenses or just as a triple tax advantaged savings account for retirement? Seems like all talk on here emphasizes the tax benefits of it, so I am curious if people use to spend or just save

likehelpful

3rd quarter in a row with Airbnb + Charity reward categories on the Chase card. Anything I can do about it? Makes pay yourself back useless for me. Anyone with the same experience?
TIA

like

Hey DFW (Dallas)
Anyone interested in meeting up and grabbing drinks? Or we can meet elsewhere? No stress, low pressure- come on, you know you want to 😏 if you have a fave spot, comment below and let’s choose together!

like

Once I’ve maxed out my 401k and IRA accounts, where else can I do with my savings if I wanna continue investing in stocks? Feel like keeping a stash in a high yield savings acct isn’t the best rn.

like

How much does deloitte US offers an analyst working on Oracle with 2years of experience in SFO? Also, Is there hybrid work culture promoted or one has to go to office on daily basis?

like

Hi Fishes,
Can anyone please help me in calculating in-hand salary?
I have 1.5lac investment under 80C
and 96k for house rent

Post Photo
like

How do you ask for points?

like

What’s a reasonable price on plane tickets to Bali in July? Would be leaving from ATL or NY.

Hi fishes,

My CTC is around 12 lpa per annum. How can i avail max tax benefits?

like

AMEX caught up and is now charging me the fee for the platinum card. Anyone have any advice on which airline to use since they no longer reimburse gift cards? Don’t want to cancel, but $550 is a lot

Mother has a decent nest egg ($3M) and lives in an extremely LCOL area. Currently manages money through RBC, however the fees are a gross operating expense of 0.36%. What do you all recommend? I’m not savvy enough to manage it myself however I know that fees can stack up and kill returns. Would appreciate any insight/advice/snark.

like

I have two years of accounting experience. 1 in external public audit and 1 in industry. I also have about 5 years of digital transformation experience. (Contract work) As well as some other industry specific experience in the insurance market. Does anyone have any advice on a consulting route I can take? Also if anyone would be willing to extend a referral please let me know. Currently in the ATL area. Also have my MBA from a non-target. No CPA (but eligible)

like

Anyone know about realistic accommodations for a tech professional with autism, or good places for an IT guy to look? I'm looking to get away from the stress of MSP style work. IE, travel, on-sites, sales/consultancy and client relations bureaucracy.

like

Suggestions for where to watch the Celtics tonight? Preferably somewhere with good drinks — feels like a weird weekend in the city so looking for a decent crowd but not wild (which I don’t expect would be the case being MDW in any event)

likesmart

What software companies have offices (HQ or remote offices) in San Diego area?

like

Hey ATL fish, is there a negative connotation to Chamblee vs Brookhaven. From a home buy perspective, I am seeing better deals, newer homes in Chamblee. Both are ITP. But I get the sense that Chamblee has a "working class" element to it, especially with respect to Buford Hwy corridor. Any thoughts?

like

Does anyone here use Evolve to manager their vacation rental? If so, how is your experience using them.

like

28F looking to move to SD in the next 6 months from DC and wondering what dating in San Diego is like?

like

More Posts

like

Anyone interested in being an accountability partner in doing everyday tasks, and learning coping mechanisms to not procrastinate?

like

Hello fishes 🐠🐋🐟,

Please help me out here.... Your input will be really great.

I have herd that currently most of the companies are in hiring freeze. (Holiday season, recession or layoffs).

I am trying to apply job for many companies since last month, and i haven't got any response from any of them.

Are there any Organizations still out there who are hiring/open for referral and are in position to handle recession.

Please comment your thoughts. It might make someone's day.

Thanks.

like

I left an agency job that I loved for “my dream job” in-house. It’s been a few months, but I’m really missing my old job. I feel silly for leaving it, esp because I’m realizing my “dream job” isn’t doing it for me, despite it paying much more than my old job. What do I do?

like

Which one do you find to be a more important factor when picking between job offers, higher pay or exciting projects?

likehelpfulupliftingsmart

What do people here think about the morals of advertising to children under the age of 13? Clients use the word “Tweens”

like

Do Tata Consultancy give any gifts on Diwali?

likeupliftingfunny

Anyone here looking for a study buddy?

Benefits at Walmart Global Tech India
Hi Everyone, Please post any nice benefits other than regular stuff like free food/cab, good insurance. Any special Terms and conditions for 30k phone reimbursement, 2k internet reimbursement, 1.5k phone bill, nanny & daycare (whats-the-limit ?) ?? please share any other benefits.
Thanks in Advance

like

Is pre sales solution lead a good role at Gs9?

Has anyone taken the sphr exam?

like

Hi all,

Looking for a 2bhk fully furnished flat nearby kharadi area/ viman nagar.
Any leads would be highly appreciated.

Im going to join PWC INDIA Kolkata branch soon. Please someone tell me some pros ans cons that your are facing.

What about the WELCOME KIT,is there any or its for sde only??

like

I want to open up my own shop but worry about my ability to bring in business. I do securities law I don't want to go the plaintiffs route but really don't want to work for someone else any more. Any advice?

likehelpful

I have one offer from Broadcom Hyderabad is it good to join please suggest YOE -6 years

like

Any one received offer from Walmart recently or going to join soon?

like

So I’m emotionally invested in this client (yeah yeah I know) and we have a big hearing Monday. Any ideas on how to fight the jitters?

like

Hey All, I am looking for book recommendations for my dad who just retired as a partner after 33 years at his firm. Any ideas you can provide would be greatly appreciated.

like

Hi all,
I’m currently a junior doctor in an intensive care in London. I’m hoping to make a career switch over to consulting. I’ve done research, but struggling to find an initial landing spot in consulting. Does anyone have advice about making the switch from medicine? Where should I start/aim for? For reference I graduated 3 years ago and am currently studying an MSc in Global Health Policy at LSHTM. Thanks!

like

Do you ever marvel how some people take themselves so seriously? "Look at me doing my critical work for my major client, we are solving their serious problems very seriously"

likefunny

Additional Posts in Personal Investment Chatter

Any online savings account recommendations?? Want to get a gist of what comps ppl are using. Please and thank you!!

like

Can anyone recommend good investment options in Bank of America HSA account? I feel their funds are very limited compared to what I have seen from 401k and IRA. Anyone recommends your HSA account?

I'm a noob with bonds, can someone break down ibonds for me in idiot proof language?

Per what I'm reading the interest rate is 9.62% if I buy through Oct 2022. It's a 30 year investment, but I can withdraw after 5 years without 3 month penalty.

Questions:
(1) Is the interest rate fixed or variable over the term of the bond?
(2) Assuming 9.62% is annual return but definitely want to confirm 🤣
(3) Do most people actually keep it in 30 years? I'm looking at 5 years for now and re-assess

likefunny

24, a decent amount of savings in the bank. I’m sort of interested in buying a property in the next few years.
Is this a good or bad idea? I live in Ny area, so obviously the city would probably be too expensive to buy any property. Would probably have to buy further out in westchester, Long Island, maybe connecticut or NJ. If I buy, should I be living there? Or should I rent it out until I’m ready to live there (assuming it’s a bit further from the city). Very early stages of just thinking

like

How do you calculate what tax bracket you will be at when you retire? Keep reading choose the option based of what tax bracket you will be at retirement but I literally have no clue

like

I was planning to buy a home next year, but now I expect to renew my lease once it expires. If so, I wouldn't be buying a home for at least 2 years from now.

Guessing I should still leave the down payment in a HYSA (getting 3% right now)? Sucks to miss out on market returns, but I understand that conventional wisdom is not to invest money you'll need in the short term (within 3ish years). I'm definitely tempted to put a portion of that in VTI though...

like

can I put 6k in 2020 roth ira now and 6k in 2021 or am i going to get smacked?

like

Are there any circumstances in which the giftee would pay to gift tax? I thought no, but I am now hearing there are situations where that would be the case. Can anyone with experience clarify?

like

what is the lowest 20yr refinance rate at NYC you see now? And where?

like

When you do a back door roth - do you close the traditional ira or leave it open? My first time doing it and fidelity is asking which I prefer.

like

what’s the most you’ve spent on brunch 🤣

funnylike

Stock market weatherman here! Jobless claims up more than 1M, lowest since April. A second wave of COVID is on the way, no vaccine in sight. Stimulus has stalled. Tensions with China escalate. Weather model says these signs point to sunny skies 🌞 Not a cloud in sight, only higher highs.

funnylikehelpful

How to rebalance my portfolio? I bought a majority of my investments in the worst market conditions in 2020 and so maybe I’m just jaded by my own previous success/luck with that. Should I be selling off the non - etf stocks at some point? Or do you just hold those for ever if they don’t go to shit (e.g. should have sold off my PLTR a long time ago but since i was mostly just playing there i have held) ? When to get out? How to tell if you’ve held long enough to avoid short term cap gains?

like

Moving to Dallas soon. Does it make sense to buy a condo or house even if I dont think I'll stay there for more than 3 years? I have family there that can help me if I decide to leave and rent this property. Any thoughts? Just dont want to keep paying someone else mortgage. Also want to take advantage of low interest rates.

like

thoughts on buying airline stock? delta?

like

Do people use their HSA to actually pay for health expenses or just as a triple tax advantaged savings account for retirement? Seems like all talk on here emphasizes the tax benefits of it, so I am curious if people use to spend or just save

likehelpful

I haven’t used my credit cards in years. They may close the cards unless I make some transactions. Shall I continue to keep these cards?

like

I max out all tax-advantages accounts and put 30% of my take home into an index fund. What/where else can I invest in?

like

Once I’ve maxed out my 401k and IRA accounts, where else can I do with my savings if I wanna continue investing in stocks? Feel like keeping a stash in a high yield savings acct isn’t the best rn.

like

Has anyone used Northwestern Mutual as a financial advisor? Any feedback?

New to Fishbowl?

Download the Fishbowl app to
unlock all discussions on Fishbowl.
That was just a preview…
Sign Up to see all discussions
  • Discover what it’s like to work at companies from real professionals
  • Get candid advice from people in your field in a safe space
  • Chat and network with other professionals in your field
Sign up in seconds to unlock all discussions on Fishbowl.

Already a user?
Login here

Share

Embed this post

Copy and paste embed code on your site

Preview

Download the
Fishbowl app

See what’s happening in your industry
from the palm of your hand.

A phone with Fishbowl app

Send download link to your phone

OR

Scan your QR code to download
Fishbowl app on your mobile

By continuing you agree to Terms of Use and Privacy Policy.

Messaging rates may apply

Download app

Sign up for free to view this conversation on Fishbowl

By continuing you agree to Terms of Use and Privacy Policy

Already have an account? Log in

Sign up for free to continue using Fishbowl

By continuing you agree to Terms of Use(New) and Privacy Policy(New)
Messaging rates may apply

Already have an account? Log in

For account settings, visit Fishbowl on Desktop Browser or

General

Legal