Related Posts
How did you study for GRE?
Additional Posts in Personal Investment Chatter
What are some good stocks to buy today?
Best investment book recommendations?
Any thoughts on ARKK and MGK ?
New to Fishbowl?
Download the Fishbowl app to
unlock all discussions on Fishbowl.
unlock all discussions on Fishbowl.
You should have 6 months of expenses saved in cash in a high yield savings account. Ally and several other banks have savings accounts with 1.5% interest rates. Do that. Anything else should go to investments. One example would be a Roth IRA, and investing the funds in a low fee index fund like S&P500.
Same 😅 following
At the minimum put it in a high yield savings account like Ally Bank or Marcus by Goldman Sachs. Rates just got cut so they’re not as high but this is just general advice
Pro
VOO
Same
ETFs and Index funds if you’re in it for the long haul but don’t want to pick your own
S&P500 index fund has historical returns of ~10%. Long being 20-30 years.
I have $30K sitting in a 1 year CD as i'm hoping to buy a place at the end of the year, and don't want to be able to touch it, LOL. I was able to get a 2% rate back in January, which will be hard to find now I think.
Online savings rates are terrible. If you're not planning on using it anytime soon, go for Index funds if you're looking to the stock market. If you're like me and have lots of $ in the market already (like all my retirement savings are in the stock market - even if it is diversified...it is now making me uncomfortable). I'm considering diversifying to REITs or cryptocurrency (via dollar cost averaging each week so i'm not tempted to try to time the market).
Take out 6 months expenses as an emergency fund and throw it into a high yield savings account. Put the rest into an ETF that tracks the market (VOO, VTI, etc.). Set and forget, check back when you retire and when the economy is going well.
Where are you getting 1.9?
This is a good read for folks that don’t want to deal with picking stocks: https://www.bogleheads.org/wiki/Three-fund_portfolio
VOO or SPY