audreyh1
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
One decision I made with regards to paying for our new house:
When we sold our prior house in 2005 (which we owned outright), I put the proceeds in OAKBX - calling it our "house fund". It had a fun ride, but overall appreciated very nicely even though it gave back a little during 2008.
But I can't bring myself to sell this fund to pay for the house! Not when already have enough cash in my MM funds which are only paying 0.03% interest!!!! (Not to mention that any realized gain would be taxable).
So that fund is going to be rolled into our retirement portfolio. And we are going to use cash in MM funds to pay for the house instead. I guess that is why the Fed is doing what it is doing - to get us to spend our MM money!
Audrey
When we sold our prior house in 2005 (which we owned outright), I put the proceeds in OAKBX - calling it our "house fund". It had a fun ride, but overall appreciated very nicely even though it gave back a little during 2008.
But I can't bring myself to sell this fund to pay for the house! Not when already have enough cash in my MM funds which are only paying 0.03% interest!!!! (Not to mention that any realized gain would be taxable).
So that fund is going to be rolled into our retirement portfolio. And we are going to use cash in MM funds to pay for the house instead. I guess that is why the Fed is doing what it is doing - to get us to spend our MM money!
Audrey
