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I have worked at TikTok US core tech for 3 years. AMA.
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Should I sell recently vested RSU at loss for Wealthfront 6% API?
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I have recently sold some stock to be ready for down payment on a home. The house will likely finish construction and be ready for closing in 6-7 months. Now that I have the cash in my brokerage account, want to check with folks here on the best place to park this cash for next 6 months. Don’t want to again buy stocks or buy etf etc since it’s a risky bet and wouldn’t want to be caught off guard if stock market tanks ! I was thinking opening a high yield savings account like Citi accelerate savings (0.5%) or a chase private client account that gets some benefits like private mortgage officer and better mortgage rates etc. Anything else you would recommend that requires to have a large balance like 200-250K for reaping benefits? Merrill Lynch ? #personalfinance #investments
In my bank account.
I would suggest high yield savings. I assume you mean 0.5% high yield savings account? If Citi is really only 0.05%, don't park it there.
I don’t get the tax point. You take profit, pay some percent of that gain as tax and keep the rest. How can you lose with this no matter what the tax percent is ? Now stock market risk is a whole different game but your point was about tax on gains
If you’re paying taxes, you made money…
Affirm currently has 0.65% APY
Keeping out of stock market in short term is a good idea, but you obviously don’t understand taxes and should educate yourself.
I have enough of my portfolio tied in stock market and this cash needs to be liquid and safe from stock market fluctuations. My comment on capital gains was ill worded and so amended the post . It’s about risk than gains
Why keep out in short term?
What instruments or assets will soar when the economy crashes
Rodeo drive