I’m trying to save up for a down payment on a house, and periodically sell Apple stock whenever it hits long term capital gains, and move the money over to a high yield savings account in WealthFront yielding 4.8%. Currently sitting on ~100k in cash. Waiting to hit 300k so I can dump it on a house. TC 270k 2 YoE
Stay invested till you’ve collected your downpayment. Sell for cash when you are ready to house hunt.
Isn’t there the risk of Apple stock losing value? My buying timeline is in 2-3 years
Op is right imo. Staying all in on your equity is sticking all the eggs in the same basket. It’s a double kick in the nuts if the stock tanks and they do layoffs to compensate. Cash out and dump into something stable-ish.
Institutional investment with the aid of an investment advisor is great source of passive income. It's rear but profitable in a long run. I love that feeling when i earn 3%-5% of my investment on a monthly basis.
I tried that through Chase, they ended up pitching me on an ETF that had 1.5% fees and underperformed the S&P
I guess you tried the wrong route
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Depending on where you live, you could buy short term US treasuries, which pay a higher interest rate AND are not subject to state income tax. The benefit of that really depends on what your state income tax rate is.
1 year T bills? I might need the money for an emergency which is why I keep it in a savings account
They have one month t-bills. But yes, if you need the coin at the drop of a hat, savings account. If you can wait a month, the one month t-bill is at 5.5+ % and you can set it on auto reinvest (and turn that off).