Personal Finance

Should we keep our down payment money invested in XBAL?

  • Last Updated:
  • Feb 2nd, 2023 5:26 pm
Dec 21, 2007
25 posts

Should we keep our down payment money invested in XBAL?

As mentioned, we have the money intended for our down payment currently invested in XBAL. We intend to buy our first home this year or next. This would represent about a 30% down payment for the homes we want, with an outstanding mortgage balance which would be a bit tight but doable for us to manage at current interest rates.

My wife thinks we should just let it ride until we need it because the job market is good, the economy is doing well, and all signs point to a pretty good year in the markets.

I think we should move it all to a cashable GIC or HISA earning 4% or so in order to avoid the possibility of an unforeseen market correction.

Hope you can help to settle this disagreement! Thanks.
3 replies
Deal Addict
Jan 4, 2019
1053 posts
Some key info needed...

What kind of account is it in?

Whats your average price currently?

When exactly are you buying?

Can you handle if the market takes a turn for the worse? Will that mean no house and is that okay?
Deal Addict
Nov 6, 2015
1155 posts
Guelph, ON
Your wife is a gambler. No one knows what will happen in a year.
Sr. Member
Oct 1, 2003
796 posts
If it was me, as soon as it is within 1 year of buying a property, I would take it out and put it in an HISA, because I would be too stressed out.

But if you can handle a little stress, why not do a reverse dollar-cost-averaging (dollar-sell-averaging? must be a term for it, going to look it up), and sell a certain percentage every month or something like that. A compromise for both of you.