Wife and I are mid-20's looking to buy a home within the next 5 years. Looking for opinions on how you would plan for down payment on a home. Specifically, I have a mutual fund that I am trying to figure out what to do with.
Mutual fund is EQTX with expense ratio of .76%. Have approx. $17,000 in it. I have heard that if you are planning on spending money within the next 5 years, you should pull out of the market to mitigate potential for loss. What is your stance on this?
For context; we also have roughly $35,000 in a money market account through Ally that serves as an emegency fund/down payment fund.
What would you do with the mutual fund?
Any guidance/thoughts are welcomed! Can provide any other details that would be helpful as well.
Mutual fund is EQTX with expense ratio of .76%. Have approx. $17,000 in it. I have heard that if you are planning on spending money within the next 5 years, you should pull out of the market to mitigate potential for loss. What is your stance on this?
For context; we also have roughly $35,000 in a money market account through Ally that serves as an emegency fund/down payment fund.
What would you do with the mutual fund?
Any guidance/thoughts are welcomed! Can provide any other details that would be helpful as well.