Basics of Investing

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Question: With the stock market in flux, would it be safer to take out our investments and put it toward a house?

We currently live in a starter home and are looking to upgrade and get into a better school district. We currently can’t afford a better house, but if we use our investments we could.

Answer: Now is certainly an opportune time to think about buying a house. There are tax credits, low interest rates, and generally reduced prices. The stock market is uncertain at best. A disaster at worst. If you want to upgrade your house, now should be a good time to do it. Also keep in mind the the market has had a terrific rally during the last nine months. Taking ones profits would not be an unreasonable undertaking.

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