29 years old and have 200k cash sitting in the bank.. I was saving this money to buy a home but prices have exploded in these last 2 years so I'm looking away for now - I don't want to end up overpaying for real estate.
I made this money from an online business and there's no way I can invest any money to grow the business itself.
Me and my partner are also looking at the option to relocate to another country where we could buy a property in 1-2 years.
I have basic knowledge of investments(index funds mainly) but I also think that the market is overpriced at the moment and is in for a correction soon.
Is it all that bad to just leave the money in the bank without earning any significant interest(.75% yearly)?
I made this money from an online business and there's no way I can invest any money to grow the business itself.
Me and my partner are also looking at the option to relocate to another country where we could buy a property in 1-2 years.
I have basic knowledge of investments(index funds mainly) but I also think that the market is overpriced at the moment and is in for a correction soon.
Is it all that bad to just leave the money in the bank without earning any significant interest(.75% yearly)?