[ 3 / biz / cgl / ck / diy / fa / ic / jp / lit / sci / vr / vt ] [ index / top / reports ] [ become a patron ] [ status ]
2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

View post   
File: 62 KB, 512x260, 1613051965043.jpg [View same] [iqdb] [saucenao] [google]
28398301 No.28398301 [Reply] [Original]

Where should I keep my savings? Right now I have 30k sitting in a checking account and it’s not earning any meaningful interest. Crypto is too volatile and you have to worry about taxes. Would I be better off putting it in a CD?

>> No.28398477
File: 171 KB, 1000x1000, E07AA244-B113-48F2-B6AB-F49B4F3CB628.png [View same] [iqdb] [saucenao] [google]
28398477

>>28398301
ARK etf’s, white boy

>> No.28398605

>>28398477
ARKs are a bubble

>> No.28398616

>>28398301
If not in crypto, put them on Gold, its always save if you are US citizen its the move, i dont even mean acctual gold shares, i mean physical gold.

>> No.28398679

>>28398301
I keep majority of my money in sp500 and nasdaq index funds (voo and qqq) and then use the margin as an eloc for monthly living expenses.

>> No.28398933

Keep 10k cash
20k in a target date fund

>> No.28399006

Buy gold

>> No.28399035

>>28398301

Make a new trading account at Vanguard and put 25k of your savings into either an ARK ETF such as ARKK and / or Vanguard's VTI ETF

>> No.28399158

>>28398301
>mediocre savings piles are being dumped into risk assets
everybody sell.

>> No.28399173

>>28398301
Is 30k all you have? That’s sounds good for an emergency fund. Anything in retirement?

>> No.28399443

>>28398605
why do you say that? is everything in a bubble?

>> No.28399653

>>28398301
>>28398616

or better yet, put it in silver....which is severely undervalued. you'll make some good money on silver over the next 10 years if you can hang on. every future tech is going to need a shit ton of silver: electric vehicles, solar paneling, batteries, hospitals, to name a few.

>> No.28400678
File: 70 KB, 638x638, 65160226_2496973653856923_3177793954593036875_n.jpg [View same] [iqdb] [saucenao] [google]
28400678

Sitting comfy on my stack of various consumer staples defensive stocks with low beta. Then some boomer tier dividend plays, mining, insurance, basic materials, some retail, and stuff. Then some tech growth like AMD.

Some absolutely not exciting and boring plays worth researching which could bring not bad returns free from pnd reddit BS - hearing aid like Demant (jumped 11% after earnings), GN Store Nord, dental/orthodontic equipment, junior miners, and things like that.

>> No.28400913

>>28399173
I have 70k in retirement funds, in a 401k and IRA

>> No.28401180

>>28398301
If you're talking about your emergency fund, just keep it in your checking account. Savings accounts are a scam, the rates on CDs are also trash, and they screw you over when you try to cash out early, which is the entire point of a emergency fund in the first place. You might as well just put the money into Boomer ETFs at that point.
That being said, are your monthly expenses really $5k? Because you should only have six months max in your emergency fund. Stop being a coward and start investing.
You generally only pay taxes when you cash out or make exchanges. Buying with fiat and HODLing doesn't trigger tax events.