barbarawang_
New member
I've ended up holding 180K in cash which is not a good thing. As I have been losing it to inflation. But, I do have a full-time job that takes most of my time. I do not know how to put it to work, that is why I asked you, folks.
A little details, I am in my 30s, not settled down, live in Vancouver. I am not sure if I am going to stay in Vancouver for every, thinking to move to the US. But, I have not bought any house ever in Canada. So, that would be a good investment to buy a condo and rent it out or live inside it myself. But, that is a big decision for me and this is my life-saving. The housing market is almost at its highest, and also if you want to rent it out is a different story.
I have only some stock investment last year in my portfolio which I made a good profit so far, and still buying here and there if I find good stock. So, I have put around 70K in my stock. I cannot put more money there as I feel like most of the things are overpriced in the stock market currently. And, I am not planning to sell them, those are solid companies with some of them paying me a dividend of 5% to 8%. So, I've ended up with 180K in cash in my account.
I can get still a decent one-bedroom apartment for 650K, and pay around 150K as a down payment. Something like this https://www.rew.ca/properties/3342166/1208-833-homer-street-vancouver-bc?property_click=map , it is listed for $600K, and let's say I put $150K as a downpayment, my monthly mortgage would be $1,800 plus $400 for maintenance fee, it would be a total amount of $2.2K per month. I can rent it out for $2K for sure.
I see the risk is minimum, because, this is downtown if the real estate market crashes it can go down to $550K ish, but if I hold it for 10-15 years, there is no way I can lose money.
Edited, added real estate example.
A little details, I am in my 30s, not settled down, live in Vancouver. I am not sure if I am going to stay in Vancouver for every, thinking to move to the US. But, I have not bought any house ever in Canada. So, that would be a good investment to buy a condo and rent it out or live inside it myself. But, that is a big decision for me and this is my life-saving. The housing market is almost at its highest, and also if you want to rent it out is a different story.
I have only some stock investment last year in my portfolio which I made a good profit so far, and still buying here and there if I find good stock. So, I have put around 70K in my stock. I cannot put more money there as I feel like most of the things are overpriced in the stock market currently. And, I am not planning to sell them, those are solid companies with some of them paying me a dividend of 5% to 8%. So, I've ended up with 180K in cash in my account.
I can get still a decent one-bedroom apartment for 650K, and pay around 150K as a down payment. Something like this https://www.rew.ca/properties/3342166/1208-833-homer-street-vancouver-bc?property_click=map , it is listed for $600K, and let's say I put $150K as a downpayment, my monthly mortgage would be $1,800 plus $400 for maintenance fee, it would be a total amount of $2.2K per month. I can rent it out for $2K for sure.
I see the risk is minimum, because, this is downtown if the real estate market crashes it can go down to $550K ish, but if I hold it for 10-15 years, there is no way I can lose money.
Edited, added real estate example.