Best way to invest money if not buying real estate in the US.
Indian Origin. H1B visa. EB2 GC backlog of 150 yrs. All savings in US based savings bank account. What are the ways I can earn some interest on my total savings, or invest?
Wealthfront cash account gives 2.51% saving with FDIC insured upto 1mil. Better than a bank saving account Invest: max out 401k, invest in Index funds
FDIC insured upto 1 million? I thought FDIC was only upto 250k per acc type. Care to explain?
Open a discover savings account. It gives you like 2.5% Checkout CD interest rates on bank rate.
BRK.B stock acts like savings account...it can give return of avg 10% per year over 3 years horizon
Until Buffet dies
You are a sensible dude. Investing in real estate when you are on H1B is stupid, specially with the current market it is no no. Here is what I do: max out 401k, back door ira, HSA, 15% in Indian market(etf + bank deposit), 35% on ETF + stocks in US, 50% CD.
I max out 401k, Roth IRA, HSA . Thats plenty for retirement. Let me man live his life :-)
Munis
^This && high yield. The number of people who have no clue about bonds is simply stunning
In you are in Bay Area, real estate
I feel REIT might be a better option than real estate. Anyone invested in REIT?
REITs and Real Estate are very different instruments (inspite of the similarity in name). REITs are dependent on the rental market, which in turn is dependent on the economy as a whole. REIT ~= S&P500 but with dividends instead of cap gains. If you're buying REITs in a taxable account, beware. Their dividends will be taxed as ordinary income every year.
Bitcoin
Penny stocks
High interest savings, CD's, are few safe options. If daring, try ETF's. Donot invest in Indian savings. Bcoz of uncertainity over forex rates.