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Any advice on the best place to put a $30K emergency fund? It's currently in a high yield savings account but I'm looking for a safe way to invest the money for better growth but with little risk?

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Since it's meant to be used for emergencies leave it in the HYSA. As time goes by invest whatever you save above your emergency fund. Someday when you have saved/invested an additional 100k, that 30k wont look so big anymore and you wont feel like it's a missed investment opportunity. Hope that made sense?


General rule of thumb is if you need the money within 3 years keep it cash like HYSA. There is always a risk with investing money needed in the short term as you see with the current market swings. Definitely try to max out 401k, roth ira, hsa so you're still investing.


Yeah agree with above. If $30k hits your emergency fund goal, then keep it in HYSA and invest future savings in S&P 500 ETFs (eg VOO & SPY). Gives you exposure to a broad spectrum of relatively stable companies without letting you be too reliant to any particular industry / company.


Thank you for the suggestion and for the specific examples of ETFs to consider.

Define “little risk”? You can explore option of no-penalty CDs but those offer barely any more interest than a HYSA.


Yes, leave it in an HYSA. Marcus has one of the best rates right now.


I do simple HYSA for emergency fund and if you have a house you’re saving for 3+ yrs down the road, can look into a conservative high dividend yield ETF


Same. I was thinking of putting it into an etf like WCLD? Is this dumb?


This is not typical advice but I like diversifying my emergency fund in both cash and hedges. My rational is if macro events impact my job and the market the emergency fund will pay a little for the “insurance” I bought in it.
Some examples would be short term bonds, TIPS, even gold and silver.

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