I have around 200K in savings, for now just in my savings account and a little invested in stocks. I am saving to buy a house and would like to buy maybe in 2021 start. So what would be best place to invest money for 2 years. Also originally from India so does putting in an NRI account make sense where interest is higher. Thanks in advance. TC 160
200k into Uber
Btc and hodl!
200k savings with TC 160? I have to learn a lot from you
I was on OPT for long time so saved some tax money but yea day by day I am becoming miser
Now it makes me wonder how folks at FAANG don't have 400-500K in their bank accounts. I mean with the TC data here it shouldn't be that hard to save this much in 2-3 years?
Wealthfront has 2.29% interest cash account fdic Insured
How long have you used Wealthfront cash account?
Update, they raised it to 2.51%, and a little over a year now
Lol your username OP
If you believe you’ll buy a $1m house and plan on putting 20% down, then put it in a high interest savings (2%+). If you don’t plan on putting it all down on a house put the difference in stocks.
MU calls to the moon baby
Wall street bets is leaking
one of us
Throw it into Vanguards VTSAX Total stock market index fund Way better return than a lowsy saving account
Marcus (by Goldman) has 2.25% APR high yield savings accounts
Put it in a high yield savings account which is fdic insured. Or alternatively, put it into cd.
I second this. Put it into a high interest savings account like Ally. You'll get ~2.3%. If you know you won't need it for a specific amount of time (e.g. 1 year, 18 months), then go with a CD (certificate of deposit) to get a higher interest rate.
Yes currently in HY savings account and some of it in CD but was just wondering if there are better investment options available. I am totally noob at financial matter.