If I would like to purchase a residence instead of renting, does it make sense for me to convert some of my portfolio to cash or some other liquid investment since the portfolio has grown a lot fairly recently? Would doing this be the equivalent of working on "paying off the mortgage" even before I have one?
Typically, I keep and 80 % stock and 20 % bond allocation and a portion of liquid assets to cover emergeny funds and a down payment on a residence. I am wondering if I should increase the amount of my liquid assets.
I am still in the accumulation phase and will be for at least another 5 to 10 years.
Thank you for your advice.
Typically, I keep and 80 % stock and 20 % bond allocation and a portion of liquid assets to cover emergeny funds and a down payment on a residence. I am wondering if I should increase the amount of my liquid assets.
I am still in the accumulation phase and will be for at least another 5 to 10 years.
Thank you for your advice.