I want to get some advice on how to manage my money.The following is my situation:
I have lived in toronto for more than 5 months. I have some stocks in china , I have $10000 in th bank now and I have a job as developer.
1>Some of my friends said that the price of house is much likely(over 70%) to go down later this year because of the bad economy. Do you think so?
2>And they told me If the price go down ,next june would be a good time to buy a house. I am likely(70%) to go to Usa in 3 years.So is it wise to buy a house next year that maybe I will have to sell it in 3 years ? I want to buy a house just because I will have a baby next year ,my parents will come and the rent is too high.
3>According to my case,How should I make my plan on managing the money in the bank and the money I will save in the next months? Should I buy mutual fund,should I just save in the bank for a fixed period or send it to china to buy stocks?
Thanks in advance!
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