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Money Guy Show

Should I Invest My Future Down-Payment Money?

Money Guy Show

Brian Preston, CPA, CFP®, PFS and Bo Hanson, CFA, CFP® | Fee-Only Fiduciary Advisors

Education, Investing, Business

4.73.1K Ratings

🗓️ 29 June 2022

⏱️ 25 minutes

🧾️ Download transcript

Summary

If you're planning on buying a house soon, should you keep that down-payment money in cash or invest it in the stock market? We'll walk you through that question and more in today's Q&A episode! Watch more exclusive content only on YouTube! Visit our website - Get our FREE financial resources - Sign up for our Financial Order of Operations course - Get easy to understand answers to your financial questions Follow us on social media! -Instagram -Twitter -Facebook -TikTok Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

It's Brian Preston, the money guy, restoring order to your financial chaos, retirement,

0:07.0

investing, taxing.

0:09.0

You've got financial questions.

0:10.6

He's got financial answers.

0:12.6

It's Brian Preston, the money guy.

0:16.4

This next one, Brian, is really interesting that I don't think we've covered a ton, but

0:19.7

I think this will be kind of valuable for us to go over.

0:22.6

This is from General Aviation Guru.

0:27.4

That does a retirement stress test consist of, what should we expect to be asked or ask

0:32.9

of a fiduciary and verifying our plans and their strategies suitability?

0:39.6

Well, this is really an interesting question, and it's really hard to answer in a specific

0:43.6

level, but I tell you one of the things that we do as financial advisors for our clients

0:48.8

is we ask really good questions.

0:50.5

So a client will come to us and say, hey, I want to retire at 65.

0:54.7

Can I do it?

0:55.7

And we're like, that's a great goal.

0:57.7

We love that.

0:58.7

That's awesome.

0:59.7

Talk to us a little bit about what that means to you.

1:01.1

Like, what does retire mean?

1:02.6

Does that mean like, I'm going to go do projects from the house?

1:05.6

Does that mean I want to travel to a different country every month?

...

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