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Hi Fishes
In spite of having applied for many jobs at Citi (including the referrals), I have not got any calls from Citi.
I do not understand what's wrong with my profile ! I do get calls from other Captives but not from the Citi.
Are there any hacks to get calls from Citi ? Citi @citibank
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If you want liquidity, I think hysa (high yield savings account) would be the way to go here due to the volatility of the market right now. Maybe a short term cd if you can wait a few months?
Thank you for clearing up my smart options. I’m new to trading so I’ve only tried individual stocks and I’ve been watching individuals for a little less than a year now. I’ll look into cds.
Also interested about that. Stocks rallied today as did the s&p 500. Last week when stocks hit rock bottom was the optimal time. I am fairly new to trading and interested in that as well
Yes, your checking account will always be safer than stocks, because checking accounts are FDIC-insured, while investment accounts are not. However, a checking account is not an investment and investment accounts aren’t truly “liquid.” They’re two entirely different asset classes.
Agree with SC1 about safety in HYSA. Safest return for sure. Something like VFIAX if you want next safest with slightly higher return potential. ETFs mirroring sectors like VGT for IT companies after that for more risk.
I’m not going much riskier than that personally, but if you like to gamble then put and call options are the big buck makers at this point with this volatility.
You missed your chance on Monday, but if you are looking to not touch that money for the next 2 years, I would put all on Haliburton (HAL). Eventually, oil will rise again because everyone is operating at a loss at $23 per barrel. In the short run, supply will way exceed demand and some places will have to literally dump it out due to shortage of storing tanks, but it will eventually return. I see in 2 years it will be about 6x to 8x what it is today.
No offense, but if you really need to ask if your checking account is safer than the stock market, you need to spend a few hours googling investing basics.
If you don’t have a robust emergency fund, then you don’t have money to invest. That’s the pecking order.
I made quite a bit of money the last couple of days but I don’t think the market has bottomed out. I’ll say this, if you are trying to stash money away for a rainy day, the stock market at this moment is NOT the place to put it. If you want to profit..... then you might consider it.
There’s going to be a new bottom sometime next week. This relief rally isn’t sustainable
If your risk tolerance is high look to what’s been beaten down the most..:
Lower, not low
Pick one goal. Either liquidity in case of layoff, or investing.
If you have no other savings account, then you must keep this money in a checking account. The stock market is going to continue to go up and down the next few months, and the most likely time for a lay-off is when the market is down. If that’s where you have all your emergency savings, then suddenly you’ll need to sell your stocks when they’re low, probably at a loss. Much better to keep your emergency fund in a nice, safe checking or savings account so that you’re confident of its value when you need it.
Thank you so much. This was the very clear answer that I was looking for.
Here’s the deal. If you don’t need this money and it’s not your reserve fund money, then great idea! Buy stocks and don’t stress if they drop a bit or your timing isn’t perfect. Look to strong companies that have taken a hit, think Apple. If you want to take more risk then look to the really beaten down companies — travel.