The advice to maintain liquidity, now, seems relevant.
I have a concern that if the stock market were to enter a prolongued downturn, you would be in a position where you have a big mortgage, and no offsetting asset.
That suggests that you move some of your taxable money into, for example, a California Municipal Bond fund (given your high tax bracket). Thus, you do have a pretty safe asset to offset against your debt.
This is sub optimal for a long term investment strategy, but until you get another job, the most important thing is that you have cash to pay bills, including monthly mortgage payment.
I have a concern that if the stock market were to enter a prolongued downturn, you would be in a position where you have a big mortgage, and no offsetting asset.
That suggests that you move some of your taxable money into, for example, a California Municipal Bond fund (given your high tax bracket). Thus, you do have a pretty safe asset to offset against your debt.
This is sub optimal for a long term investment strategy, but until you get another job, the most important thing is that you have cash to pay bills, including monthly mortgage payment.
Statistics: Posted by Valuethinker — Wed Apr 24, 2024 4:09 am — Replies 16 — Views 1013