A few days ago I asked “is now the right time to buy?” Well, Warren Buffett says yes!
Recently I managed to reach the 12-month mark in my Freedom Fund (aka emergency fund). Given the current economic environment, I don’t feel comfortable reducing my cash holdings. I am, however, debating how to allocate my FUTURE allocations.
I can keep saving in Freedom Fund, split savings into 1/2 to Freedom Fund, 1/2 to taxable U.S. equity fund (this fund will serve as a long-term, non-retirement, savings fund. The time horizon will be at least 8-10 years – I imagine it will serve as a “down payment” fund because despite all the upheaval in real estate right now, I STILL want to be a homeowner, and maybe eventually an owner of a small apartment complex), or split savings into 1/2 to Freedom Fund, 1/2 to 529 Plan (that will be holding primarily cash, because I expect to go back to graduate school within 5 years).
Much to think about…
This weekend CB and I went out of town for a wedding. Once again, when I think I’m too preoccupied with personal finance, something – a squeeze of the hands at church, a family gathering at brunch, a nap in the car while we cruise down the interstate – reminds me that at the end of the day, money is just a means to an end.
But then again, love is not all, it is not meat nor drink… and it certainly won’t fund my retirement. So, keep on saving, I shall.
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“…a nap in the car while we cruise down the interstate – reminds me that at the end of the day, money is just a means to an end.”
I read your blog on and off and I’ve never commented but I really like that, so I thought I’d let you know.
Hey!
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-Dan