omdongi t1_jaehjfr wrote on February 28, 2023 at 9:18 PM

Reply to I'm torn between opening (1) Amex Gold, (2) Capitol SavorOne and (3) Citi Premier for my second credit card. Any thoughts? by soccergamer333

Amex Gold will have the best benefits and highest annual fee but it's an Amex so it's less frequently accepted by merchants.

The Savor is a nice safe, relatively boring card. I'd ask on r/creditcards or r/churning too

omdongi t1_jadzs4i wrote on February 28, 2023 at 7:24 PM

Reply to comment by Needospeedo in Home purchase a good idea for me? by Needospeedo

Yeah could be doable but you're going to really need to budget. Hopefully that's not 1000 before saving money. If it is you probably need to reevaluate the decision.

omdongi t1_jadbtph wrote on February 28, 2023 at 4:53 PM

Reply to Home purchase a good idea for me? by Needospeedo

It's technically within the rule of 36 (or 40). But not sure if you've adjusted for property taxes, maintenance, HOAs, or insurance, which may make it a little tight for you.

omdongi t1_j6is84y wrote on January 30, 2023 at 5:09 PM

Reply to Investing for a home (short/ medium term) by Pronoia4

2 to 3 years is not a long period of time. While market returns can be higher over long periods of time we're definitely in a very volatile economy right now.

You could try some CD laddering and HYSAs while the rates are at an all time high. The key thing is to diversify your investments while reducing risk. Your down payment needs to be quickly accessible if you find a house that you want to buy.

Government bonds are also a very safe investment and with the rates at a very high peak, you can buy up some bonds and sell them off at a profit when the rates return to lower values