This is a "short term" financial holding of "working capital".My wife and I decided to move money to a MM account so we would be prepared to buy a second home. We did this because we are interested in buying this season, and a downturn in the market would be very hard for us to then purchase a home.
At the end of this season, should we be moving back into the market? If so, how should we do it (a bit at a time, lump, etc?). The plan would be to continue to look for houses next season if we are unsuccessful now.
As such, wherever you put it has to have:
1
Zero volatility (no possible drop in principle value. IE: CD, MM, Treasury (not funds), etc.
2
Liquidity (you can get it at any time without paws)
3
Accessibility (you can get it any time without paws).
"Moving in and out of the market, etc, is "market timing" and "trading". Not a very good idea in your situation at all.
j
Statistics: Posted by Sandtrap — Tue Jul 02, 2024 7:49 am — Replies 3 — Views 334
