{ "media_type": "text", "post_content": "Hello 🐠, I’ve 50k in the bank as rainy day fund, doing nothing for me. \n\nDon’t want to invest in long term/risky assets (e.g. stocks, RE).\n\nWhere can I invest so it’s available IF I ever need it?", "post_id": "5b0964116b4f1f00196bfc5c", "reply_count": 16, "vote_count": 3, "bowl_id": "552d1d24dc1c586b09d2d051", "bowl_name": "Consulting", "feed_type": "crowd" }

Hello 🐠, I’ve 50k in the bank as rainy day fund, doing nothing for me. Don’t want to invest in long term/risky assets (e.g. stocks, RE). Where can I invest so it’s available IF I ever need it?

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Banana stand


Set up rotating CDs so that one comes due every 6 to 12 months


Marcus by GS lol I think they have 1.8%APY now


Pet.com invest while the stock is still cheap


Put up to $20k into an insight savings account and earn 5% interest


Invest in a property. You can always use your equity if needed


Seems like that insight offer has been discontinued


Certificate of deposit. It’s like high yield savings, except higher yield because you commit to keeping the money in for a certain amount of time and get penalized for early withdrawals. A typical approach is to buy a 1 or 2 year CD every 3 months. That way you’ll always have some coming liquid soon


It depends on your risk tolerance and time horizon. Equities are highly liquid, but should be considered a long term investment, because you don't want to have to sell into a down market just because you needed cash. A rainy day fund should be liquid and low risk, even though the yield may suck. If you are willing to take some price risk, in order to have potentially decent returns, invest in an index fund or index ETF such as SPX

I thought insight was only up to 5k

PenFed offers 2.07% APR for 1 year CD account. But if you pull out earlier, you will lose all of your dividend gains. NavyFed offers 1.79%, and you can keep making additional contributions as much as you’d like on top of the initial deposit. This allows for greater compound interest. You only lose a % of your dividends if you pull out earlier. Navy also has 3% APR CD for 1 year up to $3000 per user. If you have a spouse you both can contribute a combined amount of $6k. Then just pump the rest into the 1.79% one for 1 year at a time intervals and keep adding money per month as your paycheck comes in.

I spread it around. Put some in a CD, paid off my house a bit more, opened a 529 (if you have kids and live in NY or CA it’s a good option). I’m waiting for real estate to get less crazy, then might invest in another property. Also left some in savings in the not entirely unlikely scenario that I completely lose it one day and do something to get myself fired.

Synchrony or Discover savings account. Best rates if you want to keep your money totally liquid and FDIC insured

But crypto on a dip

Pretty much high yield savings or CD tree

I'm completely ignorant. What is a CD?

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