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Updated over 4 years ago,
Where to Save for a Rental Property
Good Evening This is John Akhlaghi,
I was hoping if I can get some information on where to put the savings that I save up for my next property.
I currently have it in an Ally high-interest savings account, but I was thinking that I should open up a Vanguard account and put something to vtsmx.
What are your guy's current thoughts on this do you think I should put the money I earn and just keeping saving it or put it into stocks? I am just worried if the market dips or that I will have to pay capital gain tax but at the same time, I just don't want to have my money sit there and earn nothing.
Thank you, and have a great day.