How to best handle $50k in the bank right now? Put it in HY savings (~2.3%) or invest in equity or bonds? Stock market too volatile recently and bond yields are super low.

like
Posting as :
works at
You are currently posting as works at

.

Post Photo
likesmart

Just short every high street retailer

like

Intending to use the money for a big purchase soon (eg: down payment) or don’t yet have an emergency fund? HY savings

Planning to just let it sit as a long term investment for years/decades? Index funds

like

Yeah, good point. Also would like some liquid $ for good real estate investment opportunities

Always play the market long term and the volatility is somewhat a non issue. Short term, yeah some concerns but the market is still the best place to put your money

like

emergency fund - hy savings. otherwise stock market (not an advise)

like

Dogecoin. Too big to fail

like

Thanks for all your suggestions. After some thinking, Ive decided to pay down $25k of my current mortgage (~3.7% interest rate) and invest $25k in equities. I’ve already capped out the $10k SALT deduction, so cant deduct the mortgage interest, so the 3.7% is a pure cost net of taxes. Im in my early 30s so will have time to ride the equity market with the remaining $25k investment. Will invest in large cap ETF

like

Bitcoin

Buy some index funds then don’t get freaked out about what happens in the short term

Depends on your age. If you are young and have a long career ahead of you then you can afford to ride out stock market volatility for a much higher return. However if you’re older and won’t be working much longer then bonds or other conservative materials might be better suited for you.

Where are you getting 2.3%?!

CIT bank

Credit union Cd or money market. If you’re a risk taker, split 85% into stocks and 15 into VIX.

Here are the 5 alphabets for your taxable account , when you are parking money for 3-5 yrs- VTMBX Thank me later .

Assuming your horizon is 3-5years - VTMBX . This is for taxable account only as VTMBX income is mostly Taxfree. It holds Muni and long term dividend stocks. So there is 95% or more chance you will net 5% per year for this short term horizon Now if you can lock this money for 10 plus years - invest in etf VT - you will have 95% or more chance of 8% per year return in 10 years

So I’m an older partner. I wish when I was young I had ignored the investment advice to avoid certain annuities and stick with term life and mutual funds / equities. My reasons are as follows - pensions are nice things at retirement and no one will have them anymore. So use certain annuities to simulate a pension and let quality insurance companies worry about how to get yield and provide your monthly “pension” check. Yeah, I know insurers get nice fees. But to have a portion of your savings working towards a monthly check for life is a very nice concept. And some of the products have good cash value if you die young and some guarantee a floor on return despite market performance. I’ve looked at some of the products from Jackson National and they look pretty appealing. I’m not suggesting all your money in such a vehicle, but a portion of it because you’ll still need a rainy day fund and aggressive investments if you’re young. Anyway, food for your thought.

Best strategy would be to invest in stocks long term. Volatility generally affects short term investors. Market sentiments are usually strong in the long term and generally economy boosts up after a while.

Stocks. Otherwise buy a home/condo or refi existing.

Related Posts

I have got an offer from Cerner. Is it safe to join Cerner now after Oracle’s acquisition?

MBA 1st-year here - is it too soon to start networking with a firm with intention to re-recruit for full time in august? When is the earliest you recommend I start networking and potentially connect with a recruiter there?

like

Hi Fishes,
What are the ideal places/societies to stay near
Tavisca office? And what’s the average rent of a 2bhk for a family?Tavisca

Has anyone maxed out their Roth for the following year yet? Thinking of taking it out of my account for the following year and capitalize on the gains

like

Hey everyone, I am in NJ and moving to Brighton area this weekend. I am trying to decide between Clearview energy and direct energy. My new apartment has Nstar. Would love to know which is recommended and why you like it? Please help!

When / what should I tell my full time employer about my startup? Should I just go to HR/legal early? Separate fields, not working with clients, etc.

like

I just ran away from my abusive ex (we’re not married) and am in desperate need for a real estate lawyer in Texas to help me fighting this battle. If you know anyone and wouldn’t mind refer me, I’d really appreciate!! Thank you!

like

Any recos for XM/shopper agencies?

like

Anyone here buy a co-op in Queens, NY? I'm seeing a few options under 300k. Instead of paying rent, I was looking to buy since I have a decent down payment on hand.

like

Hoping to get my PHR in the next year or so. Outside of employer reimbursement, are there other opportunities for this to get funded? I know SHRM Foundation offers scholarships for the CP, but I am looking for PHR specific help. Thank you! :)

Can anyone please recommend good pg near DI Blr office (Prestige Trade Tower)? Thanks!!

like

How much time do background check partners take in amex to complete the BGV process. And when will they send the laptop.
Also, which laptop they usually give to someone joining as Engineer l.

Thanks !!

like

I just recently got an offer for a regional HR director role in professional services with 100+ reports making 260k + bonus in the NYC metro area. Any thoughts on that package?

like

I got a defaulter mail for timesheet. I am new joinee, what should I do now? Should I tell my manager about this and will it have a bad impact on my upcoming reviews?

like

Hi All. I am currently working in TCS and pursuing my PGP in Data Science and Business Analytics from Great Learning. I don't know much about job opportunities. I love travelling and some of my friends travel to different countries for a short stint (1-2y) for work. Is there any job/company that would be allow me to travel often (to different countries) as a Data Scientist/Analyst? Sorry if the question sounds dumb. Thanks in advance!

like

Looking for referrals for SWE internships. Open to working in most places in the US, but I would prefer Washington DC or Los Angeles.

like

Lets get a pulse of how much are we saving…. What is your household income (including all earning members) what % are you able to save consistently every month?

like

I’m 💁‍♀️🐠. Was in a long-term relationship that ended last year and since then I’ve been on an extended celibacy run to work on myself etc. I’m looking to get back into the dating scene. Part of me wants to just get some 🍆 action (to quench the thirst) then start to look seriously. Any advice on dating?

likeuplifting

How much time do you spend alone during the weekends ? I usually don’t like being alone, so I try to plan something with my friends and feel sad if I don’t have any plans. It could be just going to the park but I highly depend on company of other people. With spring around the corner, I feel the pressure to make friends/ start dating so that I can do something. Am I weird ?

like

Does anyone in pharma believe that creative actually works? Any proof?

like

Additional Posts in Consulting

Going skiing during this virus- yes or no? Just a day trip, not staying over anywhere.

like

Have anyone heard of GEP? Boutique consulting focusing on supply chain and procurement. Going through recruitment with them and want to have some inputs on culture/career development/ comp. Thanks!

like

Does anyone else use OneNote? Been getting a bit overwhelmed recently and my lack of organization is starting to catch up with me. Trying to find better ways of taking, storing and organizing notes I take.

like

Forgot to turn on cabin pressure....

Post Photo
likefunny

Male 🐠 - what are some casual clothing brands you enjoy?

like

Hi
Is there anyone here looking to hire a Strategy consultant? I've got previous experience across public and private sector and I'm now looking for a new challenge with one of the top consulting firms in the UK.
Any help would be much appreciated.

like

61% utilization as a first year associate. RIP

like

Any thoughts on Iron Mountain’s corporate strategy arm?

likefunny

Who cares about saving the real world now that everyone is building the 'metaverse'?

like

How do I improve my sales skills? Any books or training?

like
like

When it's been a day so you order steak. 🥩🍷

like

How can I get Amex plat from green? Will be traveling and expensing 10k a month so I think play will be worth it? Thoughts?

like

matched with a senior manager at my firm on tinder, really been really hitting it off well. should i ask for a charge code for this? need more utilization

like

Has anyone else had experiences with a client presentation going bad? What happened and how did the client react?

like

Offers in Finance Transformation with Deloitte VS PI- Finance with EY, SC level, almost the same pay n benefits. Thoughts on which one to pursue? Thanks 🙏

like

And with that mouse click, the 6 figure student loans are paid off. F you Fedloan, and all of your BS over the past 3 years. Freedom!

likeupliftinghelpfulfunnysmart

Those who took the AWS CCP exam - do you get questions like “how much does a storage type cost per GB per month” in the exam? Trying to figure out whether this level of detail is required to be memorized for the exam

like

Anyone else trying to finally kick that nagging cough/cold before the break? Would hate to have any option short of “all the booze” while I’m on vacation.

likefunny

many of us couldn’t live at home during or after college, and after working, graduated with debt. If you finished ugrad with student loans, how much in loans, what’s your current age and net worth

like

New to Fishbowl?

Download the Fishbowl app to
unlock all discussions on Fishbowl.
That was just a preview…
Sign Up to see all discussions
  • Discover what it’s like to work at companies from real professionals
  • Get candid advice from people in your field in a safe space
  • Chat and network with other professionals in your field
Sign up in seconds to unlock all discussions on Fishbowl.

Already a user?
Login here

Share

Embed this post

Copy and paste embed code on your site

Preview

Download the
Fishbowl app

See what’s happening in your industry
from the palm of your hand.

A phone with Fishbowl app

Send download link to your phone

OR

Scan your QR code to download
Fishbowl app on your mobile

By continuing you agree to Terms of Use and Privacy Policy.

Messaging rates may apply

Download app

Sign up for free to view this conversation on Fishbowl

By continuing you agree to Terms of Use and Privacy Policy

Already have an account? Log in

Sign up for free to continue using Fishbowl

By continuing you agree to Terms of Use(New) and Privacy Policy(New)
Messaging rates may apply

Already have an account? Log in

For account settings, visit Fishbowl on Desktop Browser or

General

Legal