Quote:
Originally Posted by Ztir
S&p500 index funds with low MERs like vanguard unless ur retiring soon. Ur buying at a huge discount for the next little while
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Looking at expectations of interest rates via the ole fed dot plot (
The Fedâ***8364;***8482;s New Dot Plot After Its June Policy Meeting) I'll probably go back to sole stock investments late 23. I pulled out of SPY last fall and said I wouldn't touch broad index funds until the sp500 hit 3800 which well, here we are. I'll take some flyers at this point but I think the fed is going to be boxed in with the "need" to drop rates next year and as I said, evidenced by their dot plot which says as much. They were slow on raising interest rates and they'll be slow on loosening interest rates which should create further downside to the market.
Purpose of this money isn't 401k, that's for my 401k. This is in 3 years to buy a home as much as cash as possible so the explicit purpose of this money is to beat the housing market. If the housing market goes down 10% but I only go down 5% that's a win in my book. This is where bonds are looking a little sexy. Inventory is dwindling and rates are increasing which should constrict the market. Stocks exploded big time last year but so did my local housing market and I was still slightly behind and if I had stayed all stock I would have been in the hole big time.
All-Transactions House Price Index for Vermont (VTSTHPI) | FRED | St. Louis Fed for my local market conditions. Been considering real estate REIT's with my out of play money just to maintain a general pace less a half percent of fees.