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All Forum Posts by: Andy Murray

Andy Murray has started 1 posts and replied 11 times.

Post: Best account for down payment saving

Andy Murray
Pro Member
Posted
  • Lodi, WI
  • Posts 11
  • Votes 13

Thank you for the replies. I wanted to see what kind of options were out there and you guys haven't disappointed! 

@Thomas Rutkowski - I appreciate the more detailed information regarding life insurance policies. They are something I don't know much about so I will have to read up on them. I'll start in the thread you shared. 

@Joe Splitrock - Thank you for the warning. I believe that a person should always be as sure as they can be about an investment before placing their money into it. As such, I won't jump in without doing my due diligence. Your advice is well warranted. 

@Matt Dubyoski - I didn't know State Farm had a banking branch. I will look into it. Thanks!

@Matt D.undefined

Post: Best account for down payment saving

Andy Murray
Pro Member
Posted
  • Lodi, WI
  • Posts 11
  • Votes 13

Thanks for the reply Storm. I don't know exactly what an out of the money put option is, but I will have to look into that. 

And thank you for the information Zachary!

Post: Best account for down payment saving

Andy Murray
Pro Member
Posted
  • Lodi, WI
  • Posts 11
  • Votes 13

Thank you everybody! Thank you for all the replies. 

Life insurance policies - that's interesting. I will have to look for more information on that.

Post: Best account for down payment saving

Andy Murray
Pro Member
Posted
  • Lodi, WI
  • Posts 11
  • Votes 13

Sounds good Ryan I will check that out.

Post: Best account for down payment saving

Andy Murray
Pro Member
Posted
  • Lodi, WI
  • Posts 11
  • Votes 13

Elliott, I use discover bank right now and earn 2% but I hear you on the 25%! I look forward to that. 

Thanks for the reply. 

Post: Best account for down payment saving

Andy Murray
Pro Member
Posted
  • Lodi, WI
  • Posts 11
  • Votes 13

Thanks Joe! That's the kind of information and thread I was looking for and couldn't find! I appreciate it and will check out your old thread. I actually use discover bank for my savings because they had one of the best rates when I signed up. 

I appreciate the reply. 

Post: Best account for down payment saving

Andy Murray
Pro Member
Posted
  • Lodi, WI
  • Posts 11
  • Votes 13

Thanks Caleb, that was my thought also. Too volatile even if it did make a better return for a while. 

Post: Best account for down payment saving

Andy Murray
Pro Member
Posted
  • Lodi, WI
  • Posts 11
  • Votes 13

Thanks for the reply David. I am aware there are ways to use other people's money to make a purchase - as well as the fact that I need to know how to find a deal, analyze it, and be able to show others how the numbers work. This question was simply for where I park the money in my life that I am not currently using. Surely at some point in your life you've saved some of your take home money instead of spending it? I'm asking where the best place to park it is, that's all. 

Post: Best account for down payment saving

Andy Murray
Pro Member
Posted
  • Lodi, WI
  • Posts 11
  • Votes 13

Thanks Charles. That's a little better return, and all you have to do is deposit $100 each month! 

I appreciate it.

Post: Best account for down payment saving

Andy Murray
Pro Member
Posted
  • Lodi, WI
  • Posts 11
  • Votes 13

Awesome! I knew I had heard or read about it before, but I couldn't remember where. I will definitely go back and listen to show 34 again, and I look forward to your episode with J Scott! 

I really appreciate the reply.