HYSA

slimdeucer

Please sir, put your money in a HYSA and leave it there sir

Broke4Life

Hey, incase so of you newer guys didn't know, you can use SGOV ticker like a HYSA. Check your tax implications but if your money is in your brokerage, might want to just park it there.

PantsMicGee

Wealthfront offers 3.35% on HYSA. 90 days at 3.95 to start. If you invest even $1 in their individual market accounts, i think they incentivize up to 4.2% for the HYSA.

abeBroham-Linkin

CD, HYSA and any other ones are meant for short term foreseeable future type purchases; within 3-5 years tops. If it's to stay there longer than that, it's better to put in a taxable brokerage account. Leave it in SP500 index and just leave it. It's up by near 10% this year, better than that 3%. I've split 50k(70/30) into brokerage/SGOV. Loooong way to go until retirement

UnfairDiscount8331

Yeah that makes sense! Our current emergency fund is in a HYSA.

Emergency_Cicada3119

CDs don’t really make sense unless unless you have an expense coming up on an exact date in a year or so. Then they maybe make sense if you are afraid of the stock market. I’d always put my money in a taxable brokerage because I know I can pull it out if something were to come up. If you want to keep it out of the markets, honestly just do a HYSA the percentage difference is only like .5 and it’s all liquid

Illustrious_Gift1609

Thank You. So buy and hold SGOV to avoid capital gains and the monthly divvy is state income tax free. Versus paying taxes on the 3.3% I’m getting in my HYSA. Now it makes sense. Thanks for clarifying!

Vast-Worry-4834

Not sure what your asking exactly. SGOV is about 3.8% currently. My state has income tax. You dont have to pay state income tax on SGOV, only federal. Pays monthly. Best ive found for the purpose of a liquidity. Most CDs and HYSA are in that % area without the tax benefit.

DuePomegranate

You will note also that the same person who is conjuring up the “all in at 2008” scenario also claims to have accumulated 300 pay checks and spent years saving in a HYSA. They put themselves into this position.

dr_eh

Effectively yes. I've spent many years saving in HYSA.

SheriffBartholomew

I sell when I no longer believe in the value of the investment. I also sell when something has massively outperformed and then drops a given percent (trailing stop loss). I'm also considering a change in strategy for long term losers. I've never sold at a loss which means sitting on losers for years sometimes. That creates substantial lost opportunity cost with those funds. I haven't decided on this strategy though. I don't sell to create cash. I keep a 6 month emergency fund in a HYSA and otherwise keep everything else invested. Most of my money is in a few index funds, with some in stock picks that rotate out based on the above strategies that I outlined.

GameOfThrownaws

I can't recall the exact numbers that I read about, but apparently money invested into Xbox by MSFT for the past number of years has been getting outperformed by a HYSA. Not exactly a big surprise that they're going to start cutting that type of thing after a few years of such performance.

sprout92

In Amazon's case, it'd be like getting 6.5% return on a HYSA and you have a CC with a 3% interest rate. You'd be dumb to pay it off. Or paying down principle on a mortgage with a 3% interest rate when your HYSA pays your 6.5%. Something like that.

RagnarokWolves

SCHD tracks the Dow Jones U.S. Dividend 100 Index. The dividend payouts are similar to what you'd get with a HYSA. Paired with the stock price appreciation, it just barely lags behind the S&P 500 in the long run. Generally, it doesn't suffer as much in bad markets but it doesn't go up as much in good markets. Though if you need some money now, it's a nice option to get some funds without needing to sell off anything. If it's in a taxable brokerage, you will pay taxes on the dividends for the year you get them.

MC1065

Robinhood, Schwab, Fidelity, etc are functionally free for normal buying and selling. They do technically charge a fee for every transaction, but it's like not even 0.1% of the size of the transaction. There are some things that cost money. Robinhood for example has Robinhood Gold which is a $5 that unlocks higher interest on cash for HYSA, among other things. More advanced forms of trading might have fees on various platforms, margin trading also has an interest rate tied to it because you're borrowing money to invest (Robinhood Gold for example lowers this interest by like 15%). So free brokerages make money off users with these methods, and of course they can do stuff with your money to make more money like a bank does. This is basically how they can afford to let people trade on margin, for instance. Stock lending is also a thing they can do if you have it enabled, they'll essentially rent out your stocks (though whole shares only I believe) to people who want to bet against them, and both you and the brokerage get a cut of the fees. They're making very thin margins on every user but when the volume is very high, it makes lots of money.

ThePurpleDongofTruth

6-12 months in HYSA

DSCN__034

What am I doing? I'm investing based on my risk tolerance, as everyone should be doing. A 10-30% pullback in stocks can occur at any time and may take 3-4 years to get back to even. Act your age (and circumstances). I'm a lot more risk averse now that I'm retired than I was 30 years ago. Capital preservation is achieved with a HYSA or BIL and other short duration bonds. Period. Have enough in those vehicles to get you through any rough patch. Emergency fund. For me, it's two years of expenses, but I'm retired with no other income. If you are a nervous or anxious person, then sell stocks down to your sleeping point. If you are concerned then lighten up on risk. The second worse thing you can do is be underinvested in a raging bull market, but it happens and you'll survive. The absolute worst thing you can do is sell into a crash. If you are going to puke at the bottom then you are too aggressively invested. The problem is that many (especially younger) investors don't know if they will panic until we are actually in the depths of a stock market meltdown. Investing is an adventure in self-discovery. Haha. It's all fun, good luck! Sleep well.

spcestonk

PLEASE PLEASE PLEASE, STOP NOW, so you don’t off yourself when you lose 2 to 2.3 million dollars. I’ve literally seen that happen 2+ times on this sub. 2 MILL IS ENOUGH, GO BUY YOUR DREAM HOUSE IN CASH, AND PUT 100k IN A HYSA AND THE REST IN THE MARKET IN WHATEVER SHARES YOU WOULD LIKE

NicDaddy1

What is that? Explain like I’m low IQ and had my savings in a HYSA for the past forever years.

Whole-Reserve-4773

Don’t invest unless you have income. 1 year is not a long enough time frame to invest in equities. Money market or HYSA

p3dal

>I handed in my notice last week after 6 years at a job that was genuinely making me miserable. What's your plan now? >I also have no idea what to do with it. With what, your savings? Did your company not offer a 401k? No retirement account to rollover? >I've been reading this sub for a month and the consistent advice is index funds, but I don't know how much to keep accessible vs. invest, whether to do it all at once or spread it out, whether I should open a Roth IRA first, or whether $140k sitting in a HYSA for a few months while I figure things out is a terrible idea. I'm planning to take 3-4 months off before my next job. The best time to open a Roth IRA is 6 years ago, the second best time is now. Start making your max annual contributions, but it's a long journey unless you can do a backdoor rollover from a 401k. >I don't need this money for living expenses for at least a year. So you have more saved beyond the savings you mentioned? >The only thing I'm pretty sure about is that I don't want to mix all my "money decisions" into one bucket. Generally you want a mix of HYSA, 401k, Roth IRA. >I've used small prediction market position on moomoo before, they made me more aware of sizing and purpose. A tiny event view is one kind of money decision. Funding a career break and buildin long-term investments is a completely different one. I'm really not sure what this means. >What would you do in this situation? Genuinely asking! I would start applying for jobs. I would put all the money you need access to into an HYSA, and then everything else into an international index fund and start contributing to your Roth IRA annually. When you get a new job, contribute to the 401k and take advantage of any company matching.

c-u-in-da-ballpit

I’d keep a year of living expenses in an HYSA, open and max out the Roth, and park the rest in a low cost broad market index.

GrantBOG

I have a HYSA with 4 months of expenses. I also have my 401k as a roth rn as well through my employer.

Malprin

You can contribute for this year till April 15th of next year. If you think you can hit the $7500 by then just leave the brokerage. Once it's in the Roth you'll be penalized for accessing it early if you need it. Seeing as it's your first year you should be mindful of building an emergency fund in something like a HYSA before tying up money in long term investments. You may have an option to find a happy medium and change your 401k to Roth. This is available at some employers and some won't match Roth contributions but some will. Obligatory not a financial advisor

Any_Influence_8305

Some app I downloaded for the 5.5% APY HYSA at the time. Then I got curious about investing but it's a terrible platform, you can't just buy/sell normally like other platforms they actually choose when to execute and claim it's for your benefit. They went public late last year ($WLTH) but aside from the HYSA they're awful, can't even buy options lmao

riversandtrees12

I keep a paycheck in cash at home in case it’s a disaster and banks dont work or are closed etc. the rest I keep in a HYSA. I used to keep in bonds or CDs and just have them roll over on a cycle but that takes time to manage up front and with HYSA there is a lot less work involved. The HYSA is also not tied to any other account, or credit card.

Cloud2987

SGOV as well. It’s exempt from state taxes and HYSA are taxed by state and feds.

Aboyenkaya

So, after I've tried quite a few things, this is the easiest and more effective thing to do: 30k in a HYSA, 270K in an index fund and just ride the market. That's literally all you have to do. Some years will be down, most years will be up. In the down years, you still have your savings account for security.

InvestingNerd2020

Devote 3 months to build up some emergency savings in a high yield savings account (HYSA). The easiest way to do this is to open a Capital One savings account with 3% interest. They also have a $250 checking account bonus if you make their 360 checking your main checking account. After building up 3 months of your routine monthly spending, open an account with Fidelity. Invest into a Roth Individual retirement account (Roth IRA) and start investing into FZROX and FTEC. You will need growth to make up for lost time, so the FTEC ETF will cover that until you turn 57. Setup automatic investing, so you don't have to remember to invest every bi-week or month. Focus on staying employed and don't stop investing until your late 50s. \- 70% FZROX (Total USA index mutual fund). This fund has a zero-expense ratio; which is extremely rare and great for consumers. \- 30% FTEC (Information technology Sector). This is an ETF.

Wembanyanma

I keep about 3 months of bills in a HYSA and the rest in my ROTH IRA. I always know exactly how much I have contributed over the years which can be withdrawn tax free at any time.

TortugaTurtle47

1/3 in a HYSA and 2/3 in a brokerage account (50% BND and 50% SGOV).

KatrynaTheElf

IBonds, HYSA, and Vanguard money market

illcuontheotherside

One year liquid in a HYSA @ I think 3.15% right now. I'm the definition of risk averse.

norththunder_23

Safe, easy to access, and earns a bit of interest? HYSA- rates I found right now are like 3.44% If you want safe, earns a little more interest, but slightly less accessible? I’d through it in SGOV. Just know it could take a day or two to transfer from your brokerage account to your checking. Personally, for emergency fund, I choose high yield savings account. The money generally keeps pace with inflation so at least that way it’s not rotting away.

naenae275

Webull HYSA- getting 3.35%

winterrules91

6 months of expenses in a HYSA. I use Wealthfront for the savings rate but invest with Fidelity.

Shiz_in_my_pants

For an emergency fund where I can have instant access to the money I use a local bank in a boring bank account (like a HYSA). The funds are available to me right now, and there's the bonus of being able to walk into the bank and talk to a real person. (Gettin' real tired of talking to AI agents on phone calls.) The interest rates are awful, but that's the cost of having the funds immediately available I guess? For slightly-less-emergency funds I have it in a cash management account (cma) with Fidelity. The CMA kind of acts like a bank account, but with the bonus of investing it in whatever you want, as well as just leaving it in a money market fund. Depending on the current rates I'll have it in a treasury-only fund (exempt from state taxes where I live), or a regular money market fund, or a floating rate treasury etf (TFLO or USFR for example, also largely state tax exempt). These are pretty stable funds that don't fluctuate a lot, so I really don't have to worry about selling at a loss, and they pay a little higher over money market funds. The CMA will take a few days for the funds to be available to me if I need it for an emergency, but that's what the local bank is for, so I'll still have something I can use immediately while waiting for the CMA funds to free up.

Logical_Lemming

Where's your IRA? You've got plenty of emergency savings in that HYSA already, so start an IRA and max that next. Then it depends on your goals; if you aren't planning on any large purchases soon, start bumping up your 401(k) contribution rate.

Calm_Chicken_5549

Okay, so lower what I put in to the HYSA and more into actual investing portfolios? What app or investing website do you reccomend?

BackstrokingInDebt

The first requirement of an emergency fund is it’s used for something that you didn’t plan but desperately need it. So by that definition it needs to be accessible and I can liquidate at anytime without paying a penalty (selling it at a loss also count as a penalty). \- savings account \- high yield savings account \- money market \- CDs I have them mixed in HYSA and CDs. For tiered funds. CDs locks in rate but minor interest penalty if withdrawn early. HYSA for primary emergency.

Calm_Chicken_5549

Wait so you are saying to not do any Ibond or HYSA? Is there something negative or unhelpful with them?

Icy-Tea-2954

I think about this a lot. And most people are not doing anything with their money other than spending it or putting it in a savings account (best case an HYSA). Do people really just strive to do nothing with their lives but labor?

BradBrady

I’m trying to build a house by the end of the year and wondering what you all recommend I’m putting 20% down and trying to decide if I need to sell some of my Roth or VOO in brokerage. Whatever I sell it would be for 20k. I would then have enough for the down payment and everything from here on out would be put into my HYSA. Can yall help me decide?

reupped

Seems like the right instinct. 1. Keep that $14k in a HYSA. That is your emergency fund and your sleep-well money. 2. Increase the 401k to 10-15%. You are in the 22% bracket and gives good tax savings. 3. Open a Roth IRA, fund from your $900/month surplus. Put it in an index fund with auto-invest. After a year you will have $10k+ in the Roth. At 30 with no debt you are in a great spot.

InvestingNerd2020

Since you are living with your parents, focus on these things: \- Getting an education or trade skills. \- Build up emergency savings for your routine monthly spending (groceries/restaurants, car gas, car insurance, and cellphone bill). Put it in a high yield savings account (HYSA) or Treasury fund at Fidelity or Charles Schwab. You will need a taxable brokerage account for the Treasury fund. FDLXX with Fidelity or SNSXX with Charles Schwab. HYSA examples are Capital One, Amex, Marcus, and Wealthfront. Make sure it has 3% interest or more. \- After building up your emergency savings fund, start to invest into a Roth IRA. Again, either Fidelity or Charles Schwab. Within the Roth IRA, invest into a Total USA index mutual fund and set to auto invest after the initial investment. For Fidelity, FZROX. For Charles Schwab, SWTSX. The gains will be tax free in retirement. You just cannot pull them out until you are 59.5 years old. If you liquidate the funds and pull the money out before 59.5 years old, you will get hit with a 10% fee to the IRS.

SheriffBartholomew

Idk why people are downvoting you for a question that people here usually love answering. At a minimum put it in a HYSA. Realistically the safest hands-off plan is to put like 20% of your earnings into an index fund and leave it there. VOO, VTI, or whatever. Good luck!

poHATEoes

Short term - HYSA (High Yield Savings Account) (Currently around 3.6%) 3 Years: $62,604.77 ($3,404.77 Interest) (Based on My Current HYSA with no change in interest) My Personal Opinion: $22,500 Roth IRA $24,825 HYSA You will 100% Thank Yourself 47-44 Years from now for putting $22.5k into your IRA now. Does your employer offer stock purchasing plans? 401(k)? Match on a HSA? Take advantage of literally every dollar they are offering you!

ga2500ev

Yes do this. For now a high yield savings account (HYSA) is the vehicle that you need to do for this right now. Several pay over 3% so the cash makes money just sitting in the account. ga2500ev

SimonThePug

5 years is still short term. Keep what you will need in that short term in an accessible but interest earning account (HYSA for withdraws when you need, CD for slightly better interest but unable to access money for a specific amount of time, usually a year) Everything else, throw into your retirement fund immediately. It won't feel like it's doing much at all for you over the next several years but if you keep contributing there will hit a point where it starts to skyrocket. I'm 32 now and if I had started putting away your kind of money into my retirement fund at 18 I would be able to retire right now. I got a fairly normal-early start at 27 years old. 18 will do wonders for you when it starts to compound. Short term money is important for: \- General fun/health \- Emergencies \- Rent/mortgages Make a budget and stick to it and you will be on an insanely good path.

namrock23

HYSA, dividend stocks, sports betting :)

neverfakemaplesyrup

I am low income and just met my HYSA goals Do i A. Max out my roth IRA B. Balance between IRA and a DRIP on an individual so i can contijue to save towards goals while retaining liquidity C. Put it all on WEN

RedditMapz

Yes, and how many people asking for advice like this actually know how to verify FDIC insurance? Do you know? Personally I'd be skeptical of most trendy HYSA "banks" that are exclusively online and popped over the last 5 years.

RedditMapz

I would personally advise for a money market fund through an established broker. The Yatta Bank fiasco should really give pause to anyone putting money on an HYSA offered through a fin-tech bank (Which are the popular HYSAs).

JoeRidesBikes

100% into an HYSA until you have $5000 saved up as an emergency fund. What are your plans for the money in 3 years? If it's for a big purchase, don't invest any of it, just put all your money into your HYSA. If you are investing for retirement (40 years out), then keep it really simple, one ETF, $VT would by a great choice.

abeBroham-Linkin

Compare and find a really good HYSA. Set that up as an 'emergency' fund.

Pop_Magoot

My mistake, I was referring to the 3% HYSA. The credit card slipped my mind

Paul_Robert_

Why doesn't Buffet put everything into a HYSA? Is he stupid?

ImpossibleEbb6862

I just use it to buy VOO, manage my IRA, and invest in an HYSA. I don’t care about front running.

Tylorian_delorean

HYSA & the UI when I feel like gambling.

InvestingNerd2020

The best short-term gains at your age is emergency savings from either a High Yield Savings Account (HYSA) or Treasury funds (MMF or Treasury ETF). A) Stay with Fidelity and look into SGOV (Treasury ETF) or FDLXX. The Federal reserve is keeping the money supply tight for banks, so interest rates will be high for the remaining 2026 year. B) Semi-conductor industry is doing great and expected to stay that way until 2028. SMH ETF is an excellent choice after building up 3 months of emergency savings with SGOV or FDLXX.

PraetorianFury

https://www.google.com/finance/beta/quote/VOO:NYSEARCA The cheapest and safest ETF possible. Pretty much equivalent to "the US economy". Much better returns than a HYSA of you're willing to tolerate ups and downs.

jgortner

I never get these posts and strategies. Please open a HYSA and safely collect 4% especially if your live savings is 10k and you can’t afford to lose it. Investing in the stock market is gambling no matter how you slice it.

SalamanderJones18

You’d have 110k if you just left it in a HYSA

hatsunemilku

wait, we can post here even if we just do safe HYSA? I though there was a requirement of doing either something brilliant or really dumb while investing to earn the right.

CovTaude588

bonds reduce volatility, which is their actual job. the years they underperform HYSA are also often the years equities do well, so the comparison feels worse than it is in isolation. duration and credit quality matter more than fund choice once you've decided you want some fixed income in the mix.

yayaya888

Been taking all the advice to heart will diversify between divvy stocks, T bills, HYSA, probably not gold/silver rn, def not 🌽 lol property someday I don’t feel there yet

KittyLover-7

NVDA 2% YTD You are fucking trash bro, outperformed by a HYSA whilst you delivery 80-100% YOY quarters

ItzChiips

My 3.25% HYSA absolutely crushing your MSFT savings account lmao. Maybe I'll buy when they stop shoveling money into their doshit AI copilot nonsense

BradBrady

I want to buy a house by next summer but man with the market down like this it’s such a great buying opportunity for stocks deciding how to split investing versus HYSA

DatRedStang

Just sell and save for taxes in a HYSA.

Poat540

Pull few k out of the HYSA

HeftyBox3580

I’m doing the opposite and putting my check back into my HYSA since I depleted half of it this month on shitcorns 🌽

Whole-Reserve-4773

HYSA don’t lose nav

pryan256

I guess my HYSA APY will soon be beating inflation again 🤔

taplar

A hedge is not guaranteed to work in your favor. If you put it in a HYSA and then the bonds out performed it, would you then complain about why do HYSA exist?

No-Improvement3164

At least my HYSA is out preforming the BAG7 this year

GaylrdFocker

>The markets are currently expected to drop, not go up. By who? People have been saying this for years. Could it drop, yes. Will it drop, nobody knows. Could it drop 30% after it goes up 40%, yes You are all over the place with crypto, oil, shorting stocks, etc. Just put it in a diversified index fund unless you will need the money in the next 4-5 years, then put it in a HYSA.

jvaritek33c

yes, i have an entirely walled-off Sandbox account with 36k in it so that I have a space to play around without worrying about losses the rest of the money is in HYSA or Roth IRA

idgafbroski

Shares of WEN replacing my HYSA

xoirh4-u238

I’m not trying to beat it. I’m trying to conserve what I have. If I have to just take investments into bonds and HYSA I will do that, but I just want to know if there’s other things I’m missing before I do that. I am willing to lose out on the potential of more money from this day on. The risk isn’t worth it to me regardless if the market doesn’t crash within the next year

Krasmaniandevil

Personally, I wouldn't prioritize the mortgage if I were in your shoes. I would probably make a few intergenerational wealth moves, keep a cash cushion, and invest any remainder in whatever your portfolio needs more exposure to (e.g., healthcare equities, TIPS, Ibonds, etc.) Bear in mind that part of 529 can be rolled over into IRA if unused, and can also be reassigned to someone else if you have a second kid. Current administration created a new account named after POTUS that essentially acts as an IRA for children without requiring them to have any earned income. This might be a better vehicle for setting your newborn up depending on the returns on a college education in 18 or so years. A bit of a seed in a UGMA will provide your child with some flexibility in case they want to sell assets without incurring IRA penalties. You might want to look into the gift tax rules and benefits of the account to see if you can get away with just using the annual gift tax limit. Childcare is ridiculously expensive, so factor that into your budget if you haven't already. Depending on your healthcare situation, unexpected medical expenses related to childbirth or aggressively responding to your child's disability/disorder/etc. can be significant, so I would suggest keeping most of the windfall in something safe and relatively liquid (HYSA, Money market fund, short term bonds, etc.). Also, consider whether your business can benefit from a capital injection, as those returns might dwarf anything you could get from the stock market if you're ready to expand or invest in efficiencies. Relatedly, consider whether you have any deferred maintenance for your home that you can get out of the way early. Best of luck!

SuspiciousSpyderman

HYSA

Snlxdd

Right after the tech and housing bubbles burst. I’ve been warned of these bubbles since 2019, so I’ve smartly kept all my money in cash and in a HYSA since then. Once the bubbles finally pop and the market goes down by 30-40% I’ll be ready to capitalize while all you fools will have lost your investments

FrenchBulldozer

Plummeting and crash are hyperbole. If you’re happy when it’s green one day and panic when it’s red the next day, you’re an emotional investor. You’re better off keeping your money in a HYSA if you’re that risk adverse.

wandererarkhamknight

If you think this is a crash, then equities are probably not the best place to be for your investment. Try HYSA.

Dalewyn

Your flaw actually isn't anything to do with SpaceX, it's that you tried being a day trading gambler and you're paying the Stupid Tax(tm). If you buy equities the general idea is: * To hold it for at least a year so any taxes incurred in the future are long-term capital gains, not short-term. The switchover happens after 1 year of holding. Yes, the tax laws literally discourage day trading. * To ideally hold for at least 3 to 5 years and even better until the day you retire and start needing to sell some assets for an income stream. Timing the market is a fool's errand and equities are far too volatile in the short to mid term. If you want more money literally tomorrow, stick your money in an HYSA or money market fund and get a better paying job.

j_cambar

Hi there, glad you found the comment helpful! The advice you're getting now would have been more valid a few years ago. Right now we're late in the cycle, valuations are ridiculously high, and any position you take is seriously at risk in the next recession. That doesn't mean don't invest anything. It does mean that since you're not invested today, you should keep most of your position in cash for now. You're not "doing nothing" or "doing it wrong" by being in a HYSA. You're getting 4-5% with zero risk at a time when risk is unusually high, which you have already identified. Don't let people pressure you into doing something you're not comfortable with for good reason. I wouldn't think about this in terms of "this week vs. next week." The problem isn't going to play out next week, and even if it started today, we wouldn't be anywhere near a buy zone by then. Think more like 6 to 12 months. The rest of this year is an important watch window, especially around what narrative plays out with AI capex. If we start to see that spending translate into real margin expansion over the next few quarters, it can potentially delay a recession. If it doesn't, that disappointment could be the catalyst that causes one, along with rate hikes and sticky inflation. The markets are stretched by most key indicators, and not just a little. We're at levels that have historically preceded major downturns. The more important question, though, is where would any new upside actually come from at these prices? The bulls have an answer for that, but in my opinion it's not a compelling one. If you absolutely need to get some exposure, keep it small. Something like 3% in VOO (or SPY if you prefer) and 4-6% in IAU as a hedge. On the VOO side, watch for a particularly weak day and pick up a small position. On the IAU side, build it in three tranches: a small starter now with gold near $4,150 (IAU \~$78-79), a larger add when gold is around $4,000 (IAU \~$76), and the rest if gold flushes into the high $3,000s (IAU \~$74-75, or a little lower on volatility). The $4,000 level is the key one to make sure you participate in, since it's a major psychological and technical support. That's it. Keep the rest in cash. TLDR; be patient. Your money is already working for you. Let this cycle play out, buy into the trough, and you won't have to watch your current cash get cut in half. That kind of drawdown is psychologically shocking and tends to drive poor decisions at the bottom, especially for newer investors.

lucky_oats

Thank you for this information. I'll stick to my HYSA for now, and keep an eye out on the market votality for the next few weeks/months!

lucky_oats

Not OP but came across this comment and it helped me with the math a lot! I have high 5-figures I've been keeping in a HYSA but I've recently been told that I've been doing it wrong and I need to invest it in index funds. I was just opened a brokerage(but I've been maxing out my Roth IRA for years) and I was about to invest the money into the market. However, the market seems very volatile. I'm not trying to time the market, except... maybe I am? Would you say today/this week is a good time? Should I wait until next week? Not even sure what I should be looking out for since I'm super new to this. Thanks!

j90w

Yeah OP needs to stick to a HYSA and leave the casino. He’ll lose to inflation over time but at least will have some numbers in his account balance.

delamerica93

Okay hold on. Dude you just blew my mind and I feel hella dumb. My wife and I already have a Marcus HYSA, and it never even occured to me that I could pay bills through that. Oh my god. That's fucking genius.

cherry_blossom_7471

Lmao and my friend who’s a mega Saylor lover asked me why I preferred my HYSA over $STRC for my savings

Discount_LionSafari

When I was starting out, the very first thing I did was get my expenses and debt under control. Moved to a cheaper area, stuck to a budget, and paid off mostly everything, and gradually increased my monthly DCA. Eventually could double down during market dips. Sold some long positions and parked profits and deposits into a HYSA. Saw all my doctors! Quit smoking (and other habits.

tocinoman

Brother don't trade when you're feeling like that. Park it in a HYSA and clear your head.

Various_Couple_764

Generally you want to have about 6 months of expense save up as cash. Anything more than that Recommend investing it in tax efficient dividned fund. HYSA are very similar to money market accounts that brokerages have So I would move the HYSA into a schwab government bond money market account and then anything else I would put into QQQI 13% yield. And turn off automatic dividend reinvestments. US the money market account for any unexpected expenses or emergencies. the dividends will show up as cash in the money market account. then if the money market account gets above the 6 moth level use the excess money to buy more shares of QQQI. IF you get a bonus at work or a money gift put that into QQQI. QQQI will refill your money market account slowly. But the more you add to QQQI the fast the money market account will fill. Eventually when QQQI is worth 100K it will produce 1K a month of income Every additional 100K in will add an additional 1K a month of income.

NatureStoof

5% maybe a year ago. HYSA are down to like 3.1% now

01Cloud01

I’m assuming you’re fairly healthy I would invest all of the HYSA if that option is available to you if you end up not using it it’s basically another retirement account your employer may also have options for additional contributions

Swred1100

Keep 6-12 months of expenses in HYSA, whatever makes you feel most comfortable. Rest should go in this order: 1. Max out HSA 2. Max out Roth IRA 3. Taxable brokerage

Inspiration_Bear

Figure out what your monthly expenses are. Keep 6 months of that in a HYSA. Keep anything else you know you are going to spend soon in the HYSA. Invest the rest. That’s conservative, you can likely invest a bit higher than that if you want.

mrellz

Sounds like you'll eventually need it so I suggest taking half and putting it into your HYSA and then taking the other half and investing it into an Index Fund that matches the S&P 500