Safe place to put 50K $ to beat inflation

Snap
chipotle11

Go to company page Snap

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Uber
chipotle11
Apr 12 48 Comments

I have about this much in cash and I cant let it keep sitting in my savings account cause of inflation. I was gonna use it to co invest in real estate, but that plan fell through. I'm not willing to lose this really, so I need a low risk place to put it where I can liquidate it whenever I want. I will probably use this money as a portion of a downpayment on a condo in the future.

One thought is wealthfront account with lowest risk factor, second is gemini earn or celsius with USD stablecoin, although there is a risk of the default on the counterparty. Any other ideas? I don't care about high return, i just need this $$ to be safe.

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TOP 48 Comments
  • VMware
    xTGO74

    Go to company page VMware

    xTGO74
    I bond 10k
    Apr 12 0
  • Financial Services Company / Finance
    Anon_987

    Financial Services Company Finance

    BIO
    TC < 100k.
    Anon_987
    High yield savings. I wouldn't let it near crypto.
    Apr 12 2
    • Amazon
      a q p \n w

      Go to company page Amazon

      a q p \n w
      High yield savings will not beat inflation, show me where lmao
      Apr 12
    • Financial Services Company / Finance
      Anon_987

      Financial Services Company Finance

      BIO
      TC < 100k.
      Anon_987
      Well to be fair, I voted for safety rather than half decent returns lol.
      Apr 13
  • Ramp / Eng
    maxramp

    Go to company page Ramp Eng

    maxramp
    You want to do $10k in Series I bonds. It’s virtually risk free and will keep pace with inflation. The rest you should put into a high yield savings account until you can buy more Series I bonds next year.
    Apr 12 3
    • New / Eng
      immivictim

      New Eng

      immivictim
      If you have a wife and children buy 10k for each with their ssn.
      Apr 13
    • Ramp / Eng
      maxramp

      Go to company page Ramp Eng

      maxramp
      Have to buy them from TreasuryDirect
      Apr 13
  • Financial Service Company
    iceblockav

    Financial Service Company

    iceblockav
    If you really need it for a down-payment then you're risking your entire home purchase plan by investing that money.
    Apr 12 0
  • Just buy the bond index. You’re going to have to absorb real risk if you do anything other than bonds, stablecoins or high yield savings. Cash is trash
    Apr 12 6
    • Google
      edibles

      Go to company page Google

      edibles
      Following
      Apr 13
    • @snap, if you need the money urgently, like within 48 hours to put down payment on a house, then yes. Otherwise buying the i bonds from the gov and putting your money in a CD type instrument at your bank should be fine. It’s about how urgently you anticipate needing it, and how much risk you’re willing to take
      Apr 14