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Originally Posted by Pintsize725
I'm trying to increase my balance for a home down payment next year. We're only at 7k in my Rollover IRA but I think my spouse is at about 4k in his money market. I need to figure out what to invest my Tesla gains into.
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I see. With the market being down, it's hard to figure out where to go next. Research is tough to do, Morningstar has the best (in my opinion) information, I look at 5 year performance over 1 year performance. It gives me the best idea of how a stock or fund performs.
When it comes time, look at FHA loans. Those are available at 0 down, but there can't be any repairs that have to be done on the house for them to approve it. It's a little more paperwork, but it would help you avoid the penalties on pulling money out of an IRA.