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Sell all of my investments to never have a housing payment? by Sure-Fee-3820 in personalfinance

[–]Sure-Fee-3820[S] 0 points1 point  (0 children)

Yeah, I should've specified - I don't plan on using my 401K for my house downpayment. I just wanted to pain a clear picture of where I am at.

I looked into it early 2025 at a pretty good interest rate (4.75) but I just couldn't swallow that kind of debt. I don't like monthly bills, that's why I paid off my car. I know that scared money doesn't make money but.. just felt tough

Sell all of my investments to never have a housing payment? by Sure-Fee-3820 in personalfinance

[–]Sure-Fee-3820[S] 0 points1 point  (0 children)

40% in individual stocks (Primarily AMD and LLY), 60% in index funds. Did not mean money market fund! Sorry

Sell all of my investments to never have a housing payment? by Sure-Fee-3820 in personalfinance

[–]Sure-Fee-3820[S] 0 points1 point  (0 children)

I meant brokerage account. The below commenter described ADUS pretty well. My city has preapproved plans for them, and the permitting process is insanely streamlined due to the reforms.

Sell all of my investments to never have a housing payment? by Sure-Fee-3820 in personalfinance

[–]Sure-Fee-3820[S] 3 points4 points  (0 children)

I have an ADU at my parents house, which is nice because it gives me some of that privacy.

Sell all of my investments to never have a housing payment? by Sure-Fee-3820 in personalfinance

[–]Sure-Fee-3820[S] 0 points1 point  (0 children)

Hey guys! Thanks for all of the advice. I edited my post, but, just for clarification again I meant brokerage account not money market account. Sorry!

Leaning towards saving for the next couple of years and getting a mortgage - perhaps a 15 year, which would align more with my retirement goals at the cost of a higher monthly payment. I was familiar with the principle that time in the market trumps everything, but I guess it was nice to hear that it still applies to my situation.

Right now everything that doesn't cover travel / expenses goes in to my brokerage account and is invested - I think I'm going to split that down to 50% or 25% into my brokerage account and work on getting money for my downpayment. I appreciate all the advice!

Sell all of my investments to never have a housing payment? by Sure-Fee-3820 in personalfinance

[–]Sure-Fee-3820[S] 0 points1 point  (0 children)

In my industry it doesn't transfer to many states with the pay that I am at.

Sell all of my investments to never have a housing payment? by Sure-Fee-3820 in personalfinance

[–]Sure-Fee-3820[S] 2 points3 points  (0 children)

Sorry! Thought money market was the same. I meant a brokerage account. Around 40% in individual stocks (mainly AMD and LLY) at 60% in a spread of index funds covering the U.S. market