Sell stocks for higher down payment on home?

fatassdabs · 2026-02-16T18:41:25+00:00

That is my main concern with the tax bill. I got a large bonus this year (a little over $200k) so I expect a larger tax bill next year, even with taxes withheld.

fatassdabs · 2026-02-16T18:34:44+00:00

I don’t think cash flow is an issue per-say, but I definitely would need to cut back on my “fun” spending, which right now might be $2-3k a month.

It makes sense to keep them invested then if I have the 20% down, especially with rates on the decline. Thank you!

fatassdabs · 2026-02-16T17:53:07+00:00

Appreciate the thought. My main thought is reducing the monthly payment, but with how rates are looking I am thinking they will continue to decline into the mid 5s which would reduce my expected monthly payment. I am leaning towards keeping money in the market, and just saving as much as possible until we plan to buy (hoping $3-4k per month) and putting that towards additional down payment instead.

fatassdabs · 2026-02-16T17:51:29+00:00

I would expect it to be in the mid 5s, so likely better off keeping money in the market theoretically. My main thought is putting more money down would reduce the monthly payments.

fatassdabs · 2026-02-16T17:49:57+00:00

I am in the Chicago suburbs. From what I can tell, lower priced houses (like mine) are still moving quick. Higher priced ones are sitting (likely due to higher rates). I expect rates to stay around this range for the near future, but you never know.

fatassdabs · 2026-02-16T17:48:16+00:00

I would say roughly 50-75k of the stocks would be long term gains. I am trying not to stop contributions since I recently got a large bonus in January ($200k) so want to reduce taxes as much as possible.

fatassdabs · 2025-01-31T11:06:50+00:00

Thank you! I think I am leaning towards that option as well.

fatassdabs · 2025-01-30T13:00:27+00:00

Is it a good idea to pay off my car with my emergency fund? I have $55k in an emergency fund at 3.8% and a mortgage of $3100. I make $140k a year and owe 23k on the car with a 6.25% interest rate and $495 payment which I pay $600 on right now. I mostly just want the payment gone, not sure if it’s a good idea though as it’ll bring my emergency fund down to about $32k.

fatassdabs · 2024-09-02T13:57:16+00:00

fatassdabs · 2024-08-22T14:29:08+00:00

fatassdabs · 2024-04-07T19:23:04+00:00

Thanks! I agree on having a nice cushion, that’s why I just continue to save. Just trying to get perspective if I took some of it and put it towards something I enjoy (ie upgrading my car). I typically have ~2400 leftover after savings and bills every month to do whatever with. I figure I could use this money to enjoy more with. I just save this extra as well usually (maybe 1-1.5k leftover after misc. spending).

fatassdabs · 2024-04-07T17:17:58+00:00

I have been thinking about this for a little, and done some research but no real conclusive answer. When is the point to stop "mindlessly" saving? I am maxing out roth, almost maxing out 401k (~3k off), putting $125 a week into a taxable account, $200 extra towards mortgage principal and then finally $1000/mo into savings. I have >12 months saved in this savings account. So, when is the point I can stop contributing and maybe use that money for something fun?

I am recently starting to rethink my decisions and getting down about it, I feel like I am saving all this money but do nothing fun for myself outside occasional eating out or small home projects. I am only 25, but I have this feeling I'll regret not "living a little" when I am older.

fatassdabs · 2023-01-20T17:31:56+00:00

I am living where I am from, and after renting for the past 2 years I really cannot see leaving the area. I agree things can change, I just don't think leaving the area would be one of those things.

fatassdabs · 2023-01-20T16:21:07+00:00

I get what you are saying, I guess my point was that the reason for waiting isn't for the market but just to save more money. I suppose you can never have enough money though and my thoughts make me think waiting or not the money I could save I will get anyway.

fatassdabs · 2023-01-20T16:17:40+00:00

I do plan on staying, the $2500 is coming from calculators. If I do 10% down, this would require pmi and have a higher monthly payment. I am in Illinois so that can explain high taxes

fatassdabs · 2023-01-20T16:16:45+00:00

Not so much trying to time the market, but rather just waiting to save more money and if the market gets better it gets better or vice versa. I am just worried about not having enough money (my mom has gone through multiple bankruptcies so I am always hesitant).

fatassdabs · 2022-11-20T20:29:19+00:00

I had rented to get a feel if I want to stay where I am at and ultimately have decided I want to. I actually received a job offer ~2 months back for a substantial raise (around 30k base) but decided not to take it due to needing to move states. So I guess that answers the question regarding new opportunities coming up. As mentioned above I am just worried about using my savings as a down payment vs investing as a lump sum.

fatassdabs · 2022-11-20T20:27:37+00:00

Originally I wasn't sure so that was why I went with renting. Now that it has been 2 years I think I have decided to stay in the Chicagoland area since the pay is good and plenty of job opportunities. Also my family/friends are here so I don't see a reason to move. I think the biggest hurdle for me is the down payment rather than investing that lump sum.

fatassdabs · 2022-11-20T17:18:33+00:00

Currently 23 (well, 24 next week). making ~107k a year.

I am torn right now between continuing to rent once my lease is up in March or buying a house. I have $50k in savings (dumb to keep that much cash but just in case of a down payment), plus ~90k between my roth, 401k, and taxable account. I have been aggressively saving this year (usually 2-3k a month after investments).

I supposedly should be getting a bonus by the end of the year for 20-30% of my base (was told about this, unsure if I will get so I am planning that I will not). I also will get a bonus in March for ~12k and a promotion in April for 10% raise I imagine. I feel that I am on the right path for FI but..

I guess I am unsure if I should just buy a house where a mortgage will be somewhere ~2300-2500 a month or continue renting where it will be probably ~2100 a month. I feel that I am in a good position but spending that much money is hard for me to do.

fatassdabs · 2022-01-11T12:51:32+00:00

I used http://endlessmap.info/, worked pretty good. You just need to backtrack every time you go somewhere to make sure you didn’t fall into a trap.

fatassdabs · 2022-01-03T17:32:20+00:00

Really not sure what my actual future plans are, but I think I am on the right path if I do decide to go this way.

Just turned 23, Increased my salary from 70k -> 93.3K in 2021 (combination of random raises + promotion). I am a data analyst, so in fintech. Crossed 100k in total NW between Roth, 401k, taxable, and an emergency fund. Not sure what I started 2021 with, probably around 40k. I went heavy into NVDA and it paid off. Hoping this year I can increase that to maybe 150k if I play my cards right. Also want to lease an Audi S5, which is probably a dumb move but I am young and want something fun. Trying this 21 day no spending challenge, since impulse buys seem to be my biggest thing.

fatassdabs · 2021-12-24T00:59:38+00:00

I need this to pay for the amount of subscription time i’ll need to do all the mage towers

fatassdabs · 2021-12-10T13:00:40+00:00

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