Real estate or mutual funds?
Hi Everyone,
Wondering if I might get a word of advice from y'all. I've saved about $300,000, $100,000 in S&P500 and $200,000 in cash. I'm not sure what to do with the money. I work abroad and my employer provides housing. I plan to move back to Canada (Toronto or Ottawa) in three or four years, at least for a while. I'm in my 20s and unattached.
Other than giving it away, I have lots of options:
1) keep things as they are;
2) put more money into the market into income/blue chip index-funds;
3) buy a house in Canada and rent it out.
4) Or a wild fourth option -- buy a property in Phoenix or Miami for around $150,000 and rent it out.
I'm leaning towards the second option because it's easy to maintain from abroad. But I don't like the risk in the short term. I like the idea of a house in Canada as I could pay less capital gains after living in it. And I like the fourth idea because the Cdn dollar is so strong and the markets there are so cheap!
Any ideas?
Thanks!
Wondering if I might get a word of advice from y'all. I've saved about $300,000, $100,000 in S&P500 and $200,000 in cash. I'm not sure what to do with the money. I work abroad and my employer provides housing. I plan to move back to Canada (Toronto or Ottawa) in three or four years, at least for a while. I'm in my 20s and unattached.
Other than giving it away, I have lots of options:
1) keep things as they are;
2) put more money into the market into income/blue chip index-funds;
3) buy a house in Canada and rent it out.
4) Or a wild fourth option -- buy a property in Phoenix or Miami for around $150,000 and rent it out.
I'm leaning towards the second option because it's easy to maintain from abroad. But I don't like the risk in the short term. I like the idea of a house in Canada as I could pay less capital gains after living in it. And I like the fourth idea because the Cdn dollar is so strong and the markets there are so cheap!
Any ideas?
Thanks!