Just sold An ESPP purchase and have $8000 to invest. Should I put it straight into toddlers 529 (for tax advantage), VTI, or ibonds (haven’t done my $10k yet due to shortage of cash til now). Won’t need the cash for a while. Looking for the best way to grow it thanks!

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Are you already contributing the appropriate amounts to your retirement accounts and do you have an adequate emergency fund?

If so I'd do $5k to I bonds and $3k to 529 now. Try to accumulate another $5k to potentially top off I bonds between 10/15 and 10/27 after the rate for next six months is announced. If you can save more than that allocate the excess with each paycheck to 529 or brokerage as you feel appropriate.

smarthelpful

Thank you! Yes I’m doing 20% to retirement accounts already maxed out 401k so doing megabackdoor roth through rest of year. This is in addition and wasn’t sure about the next best move.

0DTE calls on SPY

- It depends… How long is a while?
- I-Bonds are at 9.62%…guaranteed
- 529 will likely yield what the market is currently…
- Does it make sense to continue doing ESPP especially if at ~15% discount as most are?

I don’t need the cash for the foreseeable future. So I did get the 15% from ESPPs but in diversifying I sold it at purchase and now need to put the $$ somewhere for best growth.

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