Re: What Investment Type is Best Tailored to My Financial Objective
Posted: Sat May 11, 2019 10:57 am
Most practical way to say for a $1.5M house in 10 years is to have a job that pays $11,000 a month more than you're living expenses, saved into a conservative savings plan. (I assumed 3% return).
Or you could invest $1.1Min the same plan now, with no added payments.
Or you could invest $500k, and add $7000/month into it.
I suggest you look at the "fv" function of excel. With that you can play with interest rate, timeframe, initial values, and monthly values, and figure out what will work for you.
If your question was: "what thing should I invest in that will give me the biggest return", you should never trust that answer from any forum on the internet. Do you own homework, diversify your portfolio, and only invest in what you think you can loose. Return and risk are correlated.
Or you could invest $1.1Min the same plan now, with no added payments.
Or you could invest $500k, and add $7000/month into it.
I suggest you look at the "fv" function of excel. With that you can play with interest rate, timeframe, initial values, and monthly values, and figure out what will work for you.
If your question was: "what thing should I invest in that will give me the biggest return", you should never trust that answer from any forum on the internet. Do you own homework, diversify your portfolio, and only invest in what you think you can loose. Return and risk are correlated.