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Updated about 2 years ago on . Most recent reply

User Stats

37
Posts
26
Votes
Joshua Sun
  • New to Real Estate
  • Brooklyn, NY
26
Votes |
37
Posts

Where do you all store your money / handle non real estate investments?

Joshua Sun
  • New to Real Estate
  • Brooklyn, NY
Posted

Before I got into real estate investing, I would put my a big chunk of my saved money into into an S&P 500 index fund and work 401K. 

I now find myself putting less and less into index funds, stocks, and 401K, and easing more into a general bank savings account. I find it to be less fluctuating since the goal is to put that money right back into real estate. This is all separate from an emergency fund. 

Curious how all of you approach storage for savings. 

Thanks! 

  • Joshua Sun
  • Most Popular Reply

    User Stats

    119
    Posts
    77
    Votes
    Ana Garcia
    • CPA
    • Miami, FL
    77
    Votes |
    119
    Posts
    Ana Garcia
    • CPA
    • Miami, FL
    Replied

    @Joshua Sun Interesting you ask this. I was once told by a wealth management expert that real estate investors are not good clients because they are not the type to invest in the stock market or retirement accounts. Curious to know the answer to your question from other investors or other wealth management professionals. Personally, I find myself using my savings account to reinvest in real estate, unless a tax planning strategy tells me otherwise (there are many retirement strategies that help reduce taxable income while freeing our cash to invest in more deals). 

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