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Updated over 5 years ago on . Most recent reply

User Stats

18
Posts
4
Votes
Patrick Dean
  • Rental Property Investor
  • Kentwood, LA
4
Votes |
18
Posts

Where would you place your money?

Patrick Dean
  • Rental Property Investor
  • Kentwood, LA
Posted

I’m in the process of selling my first home(under contract) and should clear around 20K after the sale and I pay off some old medical expenses.

I’m a police officer and have recently moved to an apartment that’s free to live in so I’ve cut my living expense out completely.

My plan is to put the money I used to pay on a mortgage to myself into a savings account each month while I scout out a future deal.

Of course I’d like to get the most money I can while it sits there. I’ve looked into doing a high interest savings account with Wealthfront at a 2.57% interest rate or should I do a Vangaurd Index Fund account?

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