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TDF for house down payment (lemmy.world)

submitted 1 month ago* (last edited 1 month ago) by [email protected] to c/[email protected]

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Is a TDF a good choice for growing my money, in this case? I plan to use it for a house down payment and withdraw it in 5-7 years. I've been thinking of putting it in a 2030 or 2035 TDF. Should I go this route or just VTSAX and chill?

Background: USA, I will be saving in a taxable account, and I want to minimize my tax liability as much as possible.

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[–] [email protected] 0 points 1 month ago (1 children)

I prefer etf's like vti, or spy. Maybe spyg of you're bold. Be ready to stare at losses though, maybe for a while and ask yourself if you can stomach that.

[–] [email protected] 1 points 1 month ago (1 children)

What vehicles do you use for non-retirement savings? I'm happy to learn.

[–] [email protected] 1 points 1 month ago (1 children)

Ok, so... I generally will buy stuff that I think might be a good investment, then sell it at a point where it seems like it's made enough money. When I sell it I reinvest that into vti, with leftover money in spyg.

A recent example was AMD. I bought maybe 100 shares or so of AMD after they were announced as the Tesla supplier, I think 2021? Sold it after it hit 105% ROI. Put most of the money in VTI, the rest of the money in SPYG.

Rinse repeat.

Not rich, but richer than I was.

[–] [email protected] 2 points 1 month ago

Thanks for sharing!