{ "media_type": "text", "post_content": "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?", "post_id": "5ee76d293233ba0020e0d816", "reply_count": 15, "vote_count": 1, "bowl_id": "59064a3cb12379001006592c", "bowl_name": "Personal Investment Chatter", "feed_type": "bowl" }

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?

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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.

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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.

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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.

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

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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

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

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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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