Ok /biz/ what the fuck should I do?

[Anonymous No.55828549]

>Be 30
>Have 70K saved up
>Make $65K (roughly $4700 a month after taxes)
>Rent is $1200
>Utilities + Food is $800
>Gonna have first kid in 9 months
>Wanna buy house but shits too expensive and my down payment wouldn't do much and it won't crash until this time next year anyway

So whats the best thing to do in the meantime?
Park all that cash in a high yield savings account and make $300 a month passively with little risk? With the economy about to go into a mega recession I don't want to invest in anything until after it crashes, so stocks and bonds are unsafe. I have $2000 invested in a shitcoin I hope will moon in the prospective bull run of 2024, but other than that, I don't know what to do until the market actually crashes and opportunities are available

$300 a month seems like the comfiest prospect with savings accounts being up to 5.2% and probably going high with how much like the 80s the money supply contraction is going.

[Anonymous No.55828590]

>>55828549
>>Make $65K (roughly $4700 a month after taxes)
I invest over 50% more than that every month after covering my living expenses goddam lol
You can park that cash in a HYSA but your best option is to figure out how to make more money. Your baby mama will need to find good work as well.

[Anonymous No.55828787]

>>55828590
Good on ya. Wish I was there, but I'm clearly much more risk averse to my own detriment. I've play it safe like a chump not investing since 2017 when I made my 100% luck gains of $100 to $32,000 during that bull run in crypto knowing nothing but lose $5K as the market went down and just haven't done shit since, just waggieing, but my job is a do nothing tele-management job in Arizona, so I have a lot of free time on my hands now so I'm just seeing what I can do seeing how stuff is stable, the market is about to go to shit, and I have a nest egg that is pretty much useless until the market crash, might as well figure out what to do with it.
>baby mama will need to find good work as well.
Yeah she is gonna go back to doing wedding coordination after the kid is born. Depending on the market could pull $20K-70K average about $45K.

[Anonymous No.55828829]

>>55828549
>>Gonna have first kid in 9 months
>He fell for the "don't have kids when you're 40 you'll be old" meme.
>savings accounts
>house in this interest rate environment
You are now the boomer.

[Anonymous No.55828845]

>>55828549
If you are trying to minimize downside risk while preserving your ability to deploy your savings into a down payment when things get more sensible in the housing market, your plan is a good one. Do the HYSA

[Anonymous No.55828892]

>>55828829
Probably deserve the boomer title for not investing for the last 10 years of my life outside of measly $100 in 2017 for the ETH bull run then. But I'm just seeing what would be the best option to do given my circumstance. Just thought the savings account was the best move based on the current environment and where it is going like in the 80s.

I don't plan on buying until it crashes and prices are manageable with those insane interest rates, or if I'm lucky get the goldielocks of both price crash and interest rate cuts, but thats wellwishing.

Earliest I'd be planning to buy a house would be end of 2024 after some actual recessioning has kicked in. Only thing I might do now is move into a house rental for the same price I'm paying for an apartment now that those are getting cheap with Air BnBs dying.

>>55828845
Yeah that is pretty much my thought process. I want to learn trading with pennies in the meantime to be primed to jump in at the bottom once the crash kicks in, but any investing right now when we haven't even gone down the rollercoaster has me unsteady as fuck. Don't want to lose what little I have with a little one on the way.

[Anonymous No.55829250]

>>55828549
buy shiba.

[Anonymous No.55830056]

>>55828549
>it won't crash until this time next year anyway
It won't crash... at all. Keep waiting, loser.

[Anonymous No.55830070]

>>55828549
fha or va loan

not in the US or not a veteran? Don't know then.

[Anonymous No.55831317]

>>55830070
FHA probably, but shit is completely unbuyable until September 2024 at a minimum.
>>55830056
Already crashing in places like austin, just gotta give the whole economy time for commercial real estate to completely collapse with financing murdering the jobs market.
>>55829250
I don't think I will.