My husband always kept selling his company stock, he works at Apple, and we have lost a lot of upside because of that. Now have a bunch of cash in the bank, not sure what I should do. What is a good percentage of a cash reserve, we are around 35 years old. Far away from retirement. We already purchased our humble house in the bay, and had invested in a townhouse in our early career in the bay, and own another investment property in Austin. Have some good cash flow from these rentals. I don’t want to invest more in Realstate due to the interest rate. I also don’t want to swap our current house for bigger one because it will result in more property tax and higher interest payment. I felt letting cash sitting in the bank, already put in high yields savings still looks stupid. Very anxious about this
At least park it in a high yield savings account.
Yes. Invest most in index funds, keep few months emergency more depending on your job security.
Save it in CD. Buy the dip on recession in 2024
What it is a CD ?
What recession ?
Selling the company stock on vest is not stupid. Letting it sit as cash is stupid, unless you are planning on buying a house or something in the near future. Typically, people only keep a 6 month cash buffer and invest the rest.
You should do 33% stock 33 cash (cash in hysa + CDs) and 33 real estate. 0 for crypto non sense.
put it in high yield savings account
6 months - 1 year worth of cash (in case you lose your jobs or any emergency). Rest split between Vanguard ETFs/Target retirement funds and Real Estate investments.
With inflation, that cash is losing 6%+ per year.
Buy a house and you'll never worry about having too much cash again 😉
Haaaaa!
Not stupid. You are buying peace of mind. For people who are afraid of risk, or need cash for the short term, it's worth it. How many % is a personal question based on risk tolerance, no one can answer for you.