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I have $150k to invest somewhere. I’m thinking of putting everything into: A: SWVXX at 5.2 yield (not FDIC insured but stable) B: HYSA at 4.3 APY (FDIC insured) C: dumping into VTI for long term growth D: Other What should I do? Ps. The market being pretty high right now along with the fairly guaranteed high rate of 5.2% makes me lean toward A. It would be nice to get in on VTI once the market corrects further. For context I already have a lot more in VTI outside of this investment. I’m also comfortable with some degree of risk. Also considering doing some DD and putting it all in a single stock if you have any recommendations.
Wealthfront 4.8% FDIC insured?
That’s an extra $450 to open a new account. I generally try to keep my finances simple, and centralized, but I guess I could do it. Thanks for the suggestion.
Only suggested because I’ve been happy with how they’ve reacted to increases in bond values 😄
T-bills?
Interesting! Do they offer a better return than SWVXX or maybe they’re more tax efficient??
Put it in a broad market index fund and forget about it for 10-20 years.
Robinhood gold is 4.9% now
I don’t trust robinhood, I still remember when they f’ed up with their high yield savings account or whatever it was called back in the day
Holy cow. We are calling that “back in the day” now? I’m old
Easiest tell of somebody who doesn't know what they are doing is when they say things like "the market is high." A market that consistently goes up spends most of its days at an all time high.
Marcus. 5.3%with referral Let me know if you need referral.
You can get 5.5 APY on a CD for 12 to 15 months
Which bank?
Depends on what other investments you have and NW. If you already have a diversified portfolio, stick to VTI or a FDIC insured HYSA. CD is an option too if it beats HYSA even by a few
A mix of C and A. Have your emergency fund in a federal MM fund (they're nearly as safe as HYSA so don't worry about the difference) and DCA into VTI. If you already have an emergency fund, then just DCA into VTI over time.
Why DCA? I hear lump sum beats the DCA.
Risk free hysa
Putting it in HYSA vs SWVXX amounts to around $1000 lost a year. Question then is FDIC insurance worth $1000.