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Dumb to keep 20k in savings? Should I just buy a bunch of bonds?
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Date: June 30th, 2025 9:16 AM Author: Aromatic national (http://www.autoadmit.com/thread.php?thread_id=5744554&forum_id=2#49059934) |
Date: June 30th, 2025 9:17 AM Author: Spectacular carnelian becky corner Put it in T bills or AAA clo etfs. (http://www.autoadmit.com/thread.php?thread_id=5744554&forum_id=2#49059937) |
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Date: June 30th, 2025 9:58 AM Author: Aromatic national what's aaa clo etf (http://www.autoadmit.com/thread.php?thread_id=5744554&forum_id=2#49060017) |
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Date: June 30th, 2025 10:00 AM Author: Shivering startling plaza JAAA (http://www.autoadmit.com/thread.php?thread_id=5744554&forum_id=2#49060026) |
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Date: June 30th, 2025 10:04 AM Author: Spectacular carnelian becky corner Collateralized loan obligations i.e. a pool of floating rate junk business loans that is tranched, with the AAA tranche being the least risky. Some examples are JAAA or ICLO. (http://www.autoadmit.com/thread.php?thread_id=5744554&forum_id=2#49060038) |
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Date: June 30th, 2025 9:59 AM Author: stirring area You should always have 20k in savings minimum. I wouldn't invest anything until I had 50k in the bank for example. (http://www.autoadmit.com/thread.php?thread_id=5744554&forum_id=2#49060022) |
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Date: June 30th, 2025 10:21 AM Author: vigorous burgundy pit What lmao (http://www.autoadmit.com/thread.php?thread_id=5744554&forum_id=2#49060077) |
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Date: June 30th, 2025 10:22 AM Author: Primrose Turdskin Same (http://www.autoadmit.com/thread.php?thread_id=5744554&forum_id=2#49060080) |
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Date: June 30th, 2025 10:48 AM Author: supple khaki queen of the night stage (http://www.autoadmit.com/thread.php?thread_id=5744554&forum_id=2#49060178) |
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Date: June 30th, 2025 10:48 AM Author: supple khaki queen of the night stage (http://www.autoadmit.com/thread.php?thread_id=5744554&forum_id=2#49060177) |
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Date: June 30th, 2025 10:50 AM Author: arousing twinkling rehab put it in SGOV or BIL, you can freely "withdraw" whenever you want and you're getting 4%. savings accounts are retarded. (http://www.autoadmit.com/thread.php?thread_id=5744554&forum_id=2#49060184) |
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Date: June 30th, 2025 10:53 AM Author: vigorous burgundy pit Lmao XOers are boomers. They don’t get it. Cash lmao right now you can throw it in stock and withdraw whenever (http://www.autoadmit.com/thread.php?thread_id=5744554&forum_id=2#49060195) |
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Date: June 30th, 2025 11:06 AM Author: arousing twinkling rehab i tried to explain this to my mom and she wouldn't have it. she put $500k in a callable CD at her bank. i also explained to her that brokerage accounts are insured up to $500k, while her bank was $250k. so fucking stupid. (http://www.autoadmit.com/thread.php?thread_id=5744554&forum_id=2#49060237) |
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Date: June 30th, 2025 11:10 AM Author: aquamarine pistol I like and use SGOV, but to be clear it still doesn’t have the exact same liquidity as cash. You have to sell it and wait for a settlement period in some brokerages, so you might have to wait a business day or two to get your money. (http://www.autoadmit.com/thread.php?thread_id=5744554&forum_id=2#49060257) |
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Date: June 30th, 2025 11:17 AM Author: Spectacular carnelian becky corner Unless you do a lot of business in cash what does it matter? You can put most sudden expenses on credit cards. (http://www.autoadmit.com/thread.php?thread_id=5744554&forum_id=2#49060295) |
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Date: June 30th, 2025 11:49 AM Author: aquamarine pistol It’s bitten me once or twice when I wanted to buy stock after a big drop (like in early April) and all my “dry powder” is in SGOV (http://www.autoadmit.com/thread.php?thread_id=5744554&forum_id=2#49060371) |
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Date: June 30th, 2025 11:50 AM Author: Spectacular carnelian becky corner Your brokerage doesn't give you instant trading credit on sales? Also settlement is now T+1. (http://www.autoadmit.com/thread.php?thread_id=5744554&forum_id=2#49060372) |
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Date: June 30th, 2025 11:59 AM Author: aquamarine pistol I guess not. I use Fidelity.
I end up keeping a little cash in my money market, which also has a great yield. The downside of the MM is that the interest is not exempt from state tax. My state requires a certain minimum percentage of US treasuries for the interest to be tax exempt and none of Fidelity’s core positions for MM meet the threshold. |
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Date: June 30th, 2025 12:07 PM Author: Shivering startling plaza You can toggle some setting in your fidelity acct to put uninvested cash into SPAXX but have it be immediately investible. (http://www.autoadmit.com/thread.php?thread_id=5744554&forum_id=2#49060391) |
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Date: June 30th, 2025 12:11 PM Author: aquamarine pistol That’s what I’m talking about in my second paragraph.
SPAXX has good yield but US treasuries aren’t a high enough percentage of their holdings, so I still have to pay state tax on the interest. |
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Date: June 30th, 2025 10:07 AM Author: Histrionic hyperactive voyeur range my bank account balance is usually under $15. all cash goes straight to my brokerage account (http://www.autoadmit.com/thread.php?thread_id=5744554&forum_id=2#49060053) |
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Date: June 30th, 2025 10:44 AM Author: disturbing philosopher-king ?????? You don't have random auto pay stuff coming out of ur bank account? You don't periodically need to withdraw a few thousand? (http://www.autoadmit.com/thread.php?thread_id=5744554&forum_id=2#49060163) |
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Date: June 30th, 2025 10:53 AM Author: impertinent cracking stead What’s your monthly spend? I’d have at least 4x that in savings before throwing it into anything else (http://www.autoadmit.com/thread.php?thread_id=5744554&forum_id=2#49060193) |
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Date: June 30th, 2025 11:07 AM Author: Slate Excitant Organic Girlfriend That seems like a totally reasonable amount for an upper middle class homeowner with children and so a bunch of variable expenses. (http://www.autoadmit.com/thread.php?thread_id=5744554&forum_id=2#49060242) |
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Date: June 30th, 2025 11:09 AM Author: alcoholic keepsake machete my savings is in QQQ. (http://www.autoadmit.com/thread.php?thread_id=5744554&forum_id=2#49060253) |
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Date: June 30th, 2025 9:38 PM Author: purple tattoo QQQM is pareto superior unless you write a ton of covered calls and need that liquidity (http://www.autoadmit.com/thread.php?thread_id=5744554&forum_id=2#49062037) |
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Date: June 30th, 2025 11:12 AM Author: autistic principal's office sound barrier How much interest are you earning on it and what are your monthly expenses?
I keep 1-2 months expenses in checking earning no interest and about 4 months expenses in a "cash plus" account that is currently earning 3.65%. |
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Date: June 30th, 2025 11:12 AM Author: lime beady-eyed locus what interest does it get? if its over 3% its fine. (http://www.autoadmit.com/thread.php?thread_id=5744554&forum_id=2#49060264) |
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Date: June 30th, 2025 11:56 AM Author: emerald set volcanic crater no. what is it costing you to have $20K instead of $10K? a few bucks a month in interest?
i always keep a cushion of cash i can use on a few minutes notice at 3am just in case. comes in handy once in a while.
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Date: June 30th, 2025 9:39 PM Author: purple tattoo SGOV is the way to go, had a fight with my wife on this as she likes to stay heavy in cash because "markets will crash" (http://www.autoadmit.com/thread.php?thread_id=5744554&forum_id=2#49062038) |
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Date: June 30th, 2025 9:39 PM Author: Multi-colored anal round eye idea he suggested I have 80K in a checking account (0.01% interest), 45K in a savings account (0.5% interest), and 100K in a HYSA (3.65% interest).
How retarded am I? |
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Date: June 30th, 2025 10:58 PM Author: purple tattoo seems nigger as fuck when you have SGOV paying out the ass, and you could even sell covered calls on these fuckers (http://www.autoadmit.com/thread.php?thread_id=5744554&forum_id=2#49062174) |
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Date: June 30th, 2025 11:33 PM Author: Razzle-dazzle legend university real retarded (http://www.autoadmit.com/thread.php?thread_id=5744554&forum_id=2#49062221) |
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Date: July 1st, 2025 12:03 AM Author: aquamarine pistol Fine if you hate free money I guess. This is prob costing you $5000 per year or so. (http://www.autoadmit.com/thread.php?thread_id=5744554&forum_id=2#49062297) |