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.
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.