I have $70k in HYSA (5.5% APY) and $80k in investment account + retirement account. My monthly contribution is 3k in HYSA and 5k in investment + 401k. Am I keeping too much cash in HYSA? Or is it fine? Or should I increase contribution to investment account in exchange of higher risk hoping for optimistic returns? Planning to buy home in the US within 5 years. TC: 230k 3 Yoe
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How much budget do you allocate or end up spending on for lifestyle annually?
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How do you contribute 8k total on this salary? No other obligations?
I have a 3:1 split personally towards brokerage acc. About $480K:160K
Especially given your short-term goal of buying a home, loading up your HYSA like that seems like a solid move to me.
How the F do you contribute so much on that TC? Like do you live in a shed with 10 other people? WTF please give tips to live such frugal life.
You know median income people live on 40k right??
If you park 100k in hysa, in a year you make 5k and then pay taxes on that 5k. It's not a lot.
Why wait 5 years to buy a home? Given how much you save each month, you should be able to afford one much sooner like next year. I don’t get the 5 year part.
Can anyone recommend a good bank to open a new HYSA at? We currently bank at BofA and get nothing.. looking to park some to get started
Hahaha, it’s not too much.