Thursday, November 10, 2005

Cashed In For Condo Deposit

I finally sold some stock today to raise some cash for the condo deposit. The condo deposit is 10% of the condo price. This is / was a very risky strategy; I essentially kept all of my real estate cash invested in the stock market. This strategy has worked out well, but I would not advise anyone to use this strategy. Cash you need in the short term should be invested in very liquid assets (money markets, T-Bills, etc...). I still have the rest of the down payment invested in the stock market. I plan on putting 20-30% for a down payment. There's plenty of time before I need to come up with the rest of the cash. The condo won’t be ready until 2007, which is actually ideal for my situation. Things can still change...


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