03-20-2022, 11:12 AM
(This post was last modified: 03-20-2022, 11:41 AM by ken-do-nim.)
Hi all,
I will probably need a car in about 3 years. I see the prices for cars have gone way, way up since I last bought one. If I want to go new, I'm probably looking at $35k or so. I see a few options for budgeting for something like this:
1. Start building up a cash position now and don't invest in the market again until I have set aside the amount needed.
2. Build up reliable funds like VOO or SCHD and cash them out when the time comes.
3. When the time comes, cash out stocks/etfs that have made large gains, since presumably they are reading for trimming anyway.
4. When the time comes, get rid of underperformers.
How do you do it?
Edit: can a mod move this to "other topics"?
I will probably need a car in about 3 years. I see the prices for cars have gone way, way up since I last bought one. If I want to go new, I'm probably looking at $35k or so. I see a few options for budgeting for something like this:
1. Start building up a cash position now and don't invest in the market again until I have set aside the amount needed.
2. Build up reliable funds like VOO or SCHD and cash them out when the time comes.
3. When the time comes, cash out stocks/etfs that have made large gains, since presumably they are reading for trimming anyway.
4. When the time comes, get rid of underperformers.
How do you do it?
Edit: can a mod move this to "other topics"?