I will put away 50k each year and would like to get to around 200k in 3 years or more for a nice 60% or more down payment on a 1 br condo .
I'm not sure how much you make,but that sounds like a pretty aggressive and good savings plan, with one caveat. Taking a larger loan than 40% out on your condo isn't necessarily a bad idea.
Think of this scenario: Taking all 200k and dumping into the condo, taking a ~4% interest rate on the mortgage for the rest of the house. - This is your scenario.
Or having 200k and putting only 100k down, taking out a larger mortgage, but still only taking a ~4% hit on the mortgage. If you can invest that extra $100k in the markets and get a > 4% return, you should do this instead of putting it into the house.
I realized at times I beat the s&p 500 and Dow Jones by 20% at other times I get my *** kicked ( and in paying A ton of transaction fees to pretty much gamble based on my thoughts on earning reports ). Not good .
It seems as if you are trading pretty short-term. Repeated independent studies show that in the long run, swing trading or day-trading stocks is not profitable. Try keeping investments very long term. Yes, read quarterly earning statements, but focus on future outlooks in their annual reports. Plan to invest in terms of years, not days, weeks, or months.
My idea is to just pick a company like vanguard where I can trade their etfs and mutual funds for free . Every 2 weeks pick an etf or mutual fund that was doing the worst and buy more off it
. While trying to have good diversity .
You're pretty smart to be considering Vanguard. One thing to note is that even if the Vanguard company goes belly up, your money will be fine. It's not Vanguard that matters, it's the funds you invest in, and they depend on the companies and markets your money is dispersed in. Vanguard also has no front-end or back-end costs, and the lowest managing costs in the business.
Again, think short term, don't just pick the worst performers every 2 weeks, because transaction costs will nickel and dime you to death. Study several (or more) funds and pick a few to put your money in.
Let me know what you think.