Quote:
Originally Posted by WarmAndSCSI
Taking 25-50% of his saved down payment and putting it in a 2-3 year CD wouldn't be a bad move at all.  That way he at least has something saved away and be earning some cash on it.
I blew my life savings on car stuff once... that was a retarded move. Would be the same to spend it all on a down payment. |
hehe in that case it turns into a mathematics thing. ur expected gains in this economy vs the savings if you put that money into your downpayment rather than investing it.
simple matter to calculate it all it depends on is the rates he gets.
oh and factor in risk i guess as well. all opportunity cost
btw to make this clear i in no way disagree with you. just my investments are kinda flatlining right now so im not too sure about the economy.
edit: one word i dont get in there CD, seems like an important thing, is it some sort of stable investment (government bond type thing)?