Planning to buy a home in the next couple of years. All my equity investments / RSUs have done well and I want to lock in the gains now and use it for my down payment because I don't want their values to drop if there is a recession / market drop before I'm able to buy the home. So what are some good ETFs or funds to put my money in where I can atleast earn more than the 0.1% or whatever I earn in a checking account? Is putting my savings in a money market fund the way to go to minimize the risk given my short term horizon?
Vwinx, if u like some more risk try vwelx
Or just buy stocks like ba and mu and intc and sell Deep ITM leaps calls and suck in time premium.
What strike price would you consider deep itm?
Depends. If you are super conservative you can choose to sell 80 delta calls 1 year out. The beauty is that if you select ur underlying as a fundamentally solid stock, you can pick up profits from the short calls when the stock declines in value as a short term dip. Then as it goes up again, sell the same call, rinse and repeat. But you must have a stock that you are comfortable owning.
Marcus by Goldman Sachs has 1.7% interest rates.. Similarly Etrade savings is 1.6% or so
Discover savings has 1.5%
Shyg or mint
Just buy a 2 year treasury bill. 2.5% yield and state tax exempt.
Triple inverse S&P. Thank me later
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If you're willing to look at mutual funds rather than ETF, look at the growth and income funds from Fidelity (FASIX or replace the S with a G which Blind won't let me post because it's a slur despite just being a ticker symbom.) Gains will be low but much lower risk than an index fund. For index funds, I like VOO, SPY, and SCHK, although only VOO of those is Vanguard
I like FASIX. Is there a Vanguard equivalent for it? The others seem to be equity heavy. So wouldn't they drop when the market falls as well?
The ETFs are all index funds, all equity and all pretty much intended to track the market almost exactly FA.IX where . is G is a balanced fund, I think it was 80% equity although they have lower equity ones in the family. IIRC, it tried to bave a balance of lower volatility dividend earning income stocks. ETFs equivalent to the FA*IX should be out there. .