I would strongly suggest to go the The Motley Fool website first. I think they have a rent vs buy calculator for homes.
Regarding running different scenarios on investments, I’m not sure what you are going to accomplish by this. Unless you’re running a portfolio optimizer with reasonable assumptions, you won’t get very far.
As a general rule, if you need the cash in 5 years or less, don’t invest in stocks (or bonds for that matter, given where interest rates are likely headed).
Read up on TMF. They have lots of articles for beginners and tons of useful tips. Don’t make things more complicated than they need to be.
Don’t know what a portfolio optimizer is, hence the purpose of this post. I’ll try and read up on the websites this weekend.
I bought a condo a year ago and am having a hard time understanding how much its worth because its a rapidly changing neighborhood. In my situation, an APPRAISAL is WORTHLESS, b/c of the rapid change.
Soooo…for fun, and based on a convo w/my roommate who’s a programmer for Bear Stearns on Wall Street, I decided for fun to run different scenarios using investments.