It is usually advised to rebalance 2 times a year. Once in Jan and once in July. Or every 6 months
So you want to rebalance all 4 of them to 25 percent each? Your not to far off at all so I would wait to rebalance until it gets a bit more out of balance. Is there a fee to rebalance or a limit to how many times you can rebalance? If not then there is no penalty so you might as well just rebalance now
If you are able to drive jobs like Uber or lyft would be good. Or you could do the delivery services like doordash. Set your own schedule and work when you want to
Yes it can be done online. Charles Schwab has very good IRA's. https://www.schwab.com/ira
I have a portfolio that automatically rebalance at Charles Schwab. Works pretty well.
I would save for the home down payment first. Or you could do both at the same time but it will take you longer to save up the down payment that way. Im assuming you have no other debt. If you do pay that off first
Depends on where you live. I live in the suburbs of Wash DC area and to buy just a townhouse it costs you min. of $250,000. Single family home your looking in the 3 to 4 hundred thousand range at the low end.
Good plan. What is your income and how much debt do you have if you dont mind me asking? Helps me work the numbers for you
I use to work as a Prison Guard for a few years. It pays decent. You can get a lot of overtime and good benefits. Its a good career. You can move up the ranks pretty quick as well to increase your pay.
3.4 percent is a pretty good rate that you got. It is a bad idea not to put 20 percent down though. If you put less then 20 percent down you have to have PMI insurance included in your mortgage and that costs a lot more. Look at your mortgage documents you will see how much they are charging you for PMI. Put 20 percent down you have to buy it
Yes if you invest in the market you can make 10 percent or more vs putting your money in a savings option where you will earn far less. But you have risk of a certain portion of your money vs no risk of loss in savings
Agree long term the stock market is the way to go. Will make a whole lot more money then in savings. If you need the money in 5 years or less to risky to put it in the market. Just put it in savings.
The typical advice financial advisors give is 5 years but I would agree with you 3 years should be long enough under most circumstance.I would say 3 or less, feel like the market wouldn't be down more than 3.
Yea you want to get rid of the 80 bucks a month as soon as possible. Check your mortgage documents to see what you have to do to get PMI removed. Some mortgage companies remove it automatically when you get 20 percent paid off. Others you have to request it be removed. I had to write a letter to them requesting to remove it.
Yep its free money. Always contribute up to the match amount. The company matches 6 percent you put in 6 percent to get the full amount of the match
I would try to contribute up to the match amount at least. Not going to get a 100 percent return paying off debt. But paying off debt does reduce risk so its a tough call.
Just read a article on this. Housing and rental prices are dropping in top 5 cities for high income earners. NYC, Wash DC, San Fran, Seattle, Dallas.
Very well said. That is the key to any successful investment. Dont buy at the top of the market. Wait for the dip and swoop in and buy.
