How to Invest 40k in Cash?

Google 22lmfao22
Aug 10, 2018 23 Comments

I have 40k in cash (new grad), thinking of doing: 10k in checking, 20k in Ally Savings, 10k in Betterment. Good strategy? Too conservative?

TC: >170k

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TOP 23 Comments
  • LinkedIn LinkedIn ⭐
    Put everything on red
    Aug 10, 2018 2
    • New
      user0001

      New

      PRE
      Microsoft
      user0001more
      What is red?
      Aug 10, 2018
    • LinkedIn Sexyasian
      You gotta go to Vegas
      Aug 10, 2018
  • Salesforce 2438ez
    Are you following something like this first? https://i.imgur.com/CcEVQAV.jpg

    Checking and savings would be considered your emergency fund.
    Aug 10, 2018 2
  • Valorem WFQJ57
    Invest it in growing yourself and your character and you’ll easily make 40k later on in life.
    Aug 10, 2018 0
  • $1000 in checking. 6 months' expenses in a high yield money market account. Put the rest in various low cost index funds.
    Aug 10, 2018 2
    • Google 22lmfao22
      OP
      1k is so low tho, is that enough?
      Aug 10, 2018
    • I line my bills up so they are right after my pay check. Once those clear, I move everything above $1000 to savings or investments. I pay for everything on a credit card so no need to hold a ton of cash in checking.
      Aug 11, 2018
  • LinkedIn Sexyasian
    Too conservative for your age, all stock
    Aug 10, 2018 1
    • Google 22lmfao22
      OP
      I will be aggressive with portfolio, I just want to have enough emergency cash on hand.
      Aug 11, 2018
  • OpenText / Eng no_scrubs
    You should do 18k facebook stock, 20k savings, and 2k checking.
    Aug 10, 2018 3
    • Darkstore / Eng
      JDMa50

      Darkstore Eng

      PRE
      Tesla Motors
      JDMa50more
      Why fb?
      Aug 10, 2018
    • OpenText / Eng no_scrubs
      It's the cheapest faang stock right now.
      Aug 10, 2018
    • Darkstore / Eng
      JDMa50

      Darkstore Eng

      PRE
      Tesla Motors
      JDMa50more
      There are definitely a lot of other good investments other than FANG, lol 🤔
      Aug 11, 2018
  • Comcast / Mgmt xc5Fg6Jkl
    Bitcoin
    Aug 10, 2018 0
  • Credit Karma stockplan
    Buy 2x or 3x leveraged s&p etf's.
    Aug 10, 2018 4
    • New
      user0001

      New

      PRE
      Microsoft
      user0001more
      Can you provide more details?
      Aug 10, 2018
    • Credit Karma coffee123
      There are a few different etf's that use margin to have 2x or 3x daily exposure to different index's like the s&p 500.

      Essentially when it goes up you gain 2 to 3 times the normal amount. When the index is down you lose 2 to 3 times the amount.
      Aug 10, 2018
    • Uber / Eng
      meowimacat

      Uber Eng

      BIO
      Im a cat 🐈! Meowww...
      meowimacatmore
      So over the long term those give higher return?
      Aug 11, 2018
    • Credit Karma coffee123
      Sure but at higher risk. Probably shouldn't have all your money in these leveraged ETFs. Should do your research before you put money into this
      Aug 11, 2018
  • Blue Cross Blue Shield Avv
    MSFT
    AMZN
    FB
    Aug 10, 2018 0