andocas@lemmy.worldM to FIRE (Financial Independence Retire Early)@lemmy.mlEnglish · 4 months agoWeekly Discussion: 15 July 2024message-squaremessage-square5fedilinkarrow-up112arrow-down10
arrow-up112arrow-down1message-squareWeekly Discussion: 15 July 2024andocas@lemmy.worldM to FIRE (Financial Independence Retire Early)@lemmy.mlEnglish · 4 months agomessage-square5fedilink
minus-squaremyrmidex@slrpnk.netlinkfedilinkarrow-up4·edit-24 months agoHow would you peeps go about allocating an amount for an apartment that’ll be built over the next 2 years, with tranches to be paid every few months? Keep the money invested, or already move the entire amount to a savings account, or just move the amount needed for the next tranch(es)?
minus-squareyenahmik@lemmy.worldMlinkfedilinkarrow-up3·4 months agoI’d consider a CD ladder with the amount needed for each tranche maturing at the time I’d need it (depending on rates I could get compared to HYSA rates).
minus-squaresugar_in_your_tea@sh.itjust.worksMlinkfedilinkarrow-up3·4 months agoWith such a short timeline, I’d just keep it in cash. Put it in bonds or something for a little better yield. If I can cash flow part of it, I’d only keep the portion I couldn’t cash flow in that cash bucket.
How would you peeps go about allocating an amount for an apartment that’ll be built over the next 2 years, with tranches to be paid every few months?
Keep the money invested, or already move the entire amount to a savings account, or just move the amount needed for the next tranch(es)?
I’d consider a CD ladder with the amount needed for each tranche maturing at the time I’d need it (depending on rates I could get compared to HYSA rates).
With such a short timeline, I’d just keep it in cash. Put it in bonds or something for a little better yield.
If I can cash flow part of it, I’d only keep the portion I couldn’t cash flow in that cash bucket.