I’ve been wrestling with this for a few weeks. Fortunately bitcoin has been prohibitively high, so it’s kept me from pulling the trigger. As the title suggests, I’m wondering whether it’s a smart idea to put at least half of what my wife and I have tucked away for a down payment on a house into the market. I’m normally very conservative when it comes to investing, but the risk vs. reward on this is something I can’t seem to grasp.
I’m thinking of putting in $10k of the savings and hoping to see a nice return on it a little less than a year. I say this because we’ve been renting from Satan for the past three years and holy hell if I see my family go through one more year with this landlord. So, time is certainly of the essence.
I feel that $10K (a little less than half saved so far) is an amount that if I were to lose 50% of, it wouldn’t necessarily be the end of the world, but at the same time I don’t want to put my family back through another year at this rental. I’m trying to counter my emotions of FOMO by taking time to find that right entry and holding on, but honestly, this is a decision that I can’t seem to make.
I’d love to hear opinions, advice, even personal stories of success or failure when it comes to this. Please feel free to tell me this is the stupidest idea you’ve ever heard.