About · Press · Contact · Write For Us · Top Personal Finance Blogs
Featured In:

Financial Question of the Day #6

By Erik Folgate

Would you rather start investing in the stock market first or buy a house?

Answer this question without taking into consideration the current market conditions of the housing market. I think that I would rather buy a house first, because you get two things out of it. You get a place to live, and real estate is a great investment in the long term. I like investing in growth stock mutual funds, but I think that I’d rather be owning something that I can upgrade and begin a family in, rather than having a piece of paper earning interest. However, if it meant that I was buying the house with no money in the bank, I’d rather buy stocks. I don’t ever want to be in the situation where the air conditioner dies, and I don’t have any money to fix it. Plus, I wouldn’t want to put my family through that, especially living in Florida.

What are your thoughts? Houses can be much more of a burden than owning stocks, so there are pros and cons to each.

Erik Folgate
Erik and his wife, Lindzee, live in Orlando, Florida with a baby boy on the way. Erik works as an account manager for a marketing company, and considers counseling friends, family and the readers of Money Crashers his personal ministry to others. Erik became passionate about personal finance and helping others make wise financial decisions after racking up over $20k in credit card and student loan debt within the first two years of college.

Related Articles

  • http://www.singleguymoney.com SingleGuyMoney

    I would rather buy a house. You can’t live in a share of stock. I agree that if you do not have money set aside for emergency repairs or you are spending the majority of your income on mortgage payments, stocks may be a better investment.

The content on MoneyCrashers.com is for informational and educational purposes only and should not be construed as professional financial advice. Should you need such advice, consult a licensed financial or tax advisor. References to products, offers, and rates from third party sites often change. While we do our best to keep these updated, numbers stated on this site may differ from actual numbers. We may have financial relationships with some of the companies mentioned on this website. Among other things, we may receive free products, services, and/or monetary compensation in exchange for featured placement of sponsored products or services. We strive to write accurate and genuine reviews and articles, and all views and opinions expressed are solely those of the authors.

Advertiser Disclosure: The credit card offers that appear on this site are from credit card companies from which MoneyCrashers.com receives compensation. This compensation may impact how and where products appear on this site, including, for example, the order in which they appear on category pages. MoneyCrashers.com does not include all credit card companies or all available credit card offers, although best efforts are made to include a comprehensive list of offers regardless of compensation. Advertiser partners include American Express, U.S. Bank, and Barclaycard, among others.
Close