When I was a new grad I thought I would buy a house within 5 years too. Guess what, it didn't happen. She THINKS she will buy a house in 5 years, who knows if she will. What if she ends up not buying a house for another 15 years? Should she miss 15 years of compound interest? If you avoid equities because you think you might need that money at some point in the future, you'll end up never investing because there will always be something right around the corner that you think you need to save for and therefore can't risk any capital loss.
I'm also saving for a house (with no specific target date set) and I'm 100% in equities. In the unlikely event my portfolio plummets, I'll just delay my house purchase until it rebounds.
Now if you've set a concrete date to buy a house and that date is not too far away, then that's different, you shouldn't take any risks with that money.
When I was a new grad, I didn't think I'd buy a house in five years and did, and got married and had a kid. What's your point? In 2004 I told my wife she should invest a sizable chunk of change into the market, she didn't. We bought a house in 2008. Dodged a bullet there.
Hope everything will work out for you. Iam not sure what you mean precisely by your partner. When someone showed they had no respect for sacred money in the past. I would not purchase a house with them untill enough time went by to show they changed. If you guys cant talk about money easily then you got a problem & there is no way I would ever want to buy a house with someone that didnt want to talk about money. Maybe try counciling because the problem will get worse. Why does he not want to talk about money ?
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