7 ms·
Time in the market > timing the market. As long as you don't put more than ~30% of your money into a single asset (e.g. a house), then you're pretty certain to
by starclerk 5y ago
Time in the market > timing the market.
As long as you don't put more than ~30% of your money into a single asset (e.g. a house), then you're pretty certain to always make money in the long-term.
- bsurmanski 5y agoheh, good luck finding a house worth less than 30% of your net worth.
- brianwawok 5y agoVery very easy in much of the midwest, with a tech job.
- starclerk 5y ago(late reply) That wasn't what I was referring to. Net worth is (assets - debts), so the money for a down payment is largely the only part of a house that contributes to net worth at purchase time. In other words, your down payment should be less than 30% of your net worth. Still hard to do in many places.
- boring_twenties 5y agoHow many people are buying a house with anything less than 100% of their money? Everyone I know who "owns" a home first had to save up for a 3-20% down payment, which translates to having 500-3,300% of their money in the asset. Biggest outlier I know personally put 50% down, so 200%. Obviously I know that cash buyers exist too but that's not most people, unless I'm woefully wrong.