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Forum » What are you doing with your spare cash/savings?
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Thread: What are you doing with your spare cash/savings?

post 1668302283 09-22-2022, 03:34 PM
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#1
  1. MotorCityCobra
  1. MotorCityCobra
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What are you doing with your spare cash/savings?

lost 100k + recently by being balls deep in meme and high growth stocks. however i have some spare cash that have been rotting in the bank. originally my plan was to DCA but fk that chit everything keeps taking a nose dive week after week. i am tempted to either buy som FAANG stocks or just put a big chunk of it into index funds. how are u investing?
post 1668302353 09-22-2022, 03:36 PM
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#2
  1. DolphinPilot
  1. DolphinPilot
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Index funds
Retirement
Money market short-term cash for the dip
post 1668302373 09-22-2022, 03:37 PM
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#3
  1. imbored205
  2. 7 inches
  1. imbored205
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DCA is for cucks.

Wait until 2023
What comes around comes around
I want to believe
post 1668302413 09-22-2022, 03:39 PM
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#4
  1. nothingshocking
  1. nothingshocking
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I pulled my money out of the market knowing it would lose value to inflation, but no risk of absolute value loss.

I just thought about your question and realized where I would advise you, so I'm going to go ahead and do what I would tell you to do.

Thanks for making this thread.
post 1668302833 09-22-2022, 03:49 PM
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#5
  1. Hutrapper
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  1. Hutrapper
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Hookers and blow obviously.
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post 1668303033 09-22-2022, 03:56 PM
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#6
  1. Destor
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  1. Destor
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Picked up real estate this year but my area is not at all experiencing the price volatility seen in other areas

Not making any new investments in the equity market atm
post 1668303693 09-22-2022, 04:08 PM
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#7
  1. iloveus
  2. snailsrus
  1. iloveus
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Reinvest into my own businesses

Start up new businesses
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post 1668304103 09-22-2022, 04:16 PM
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#8
  1. DeadlyStriker
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Originally Posted By Lefticle⏩
Just sitting on my cash for a bit. Probably gonna buy another house in the next couple years.
This. Have a good chunk of my money in a few other things already, but I'm just cash for the rest right now. Kind of just waiting for any good opportunity.
post 1668305683 09-22-2022, 04:43 PM
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#9
  1. PrisonWallet
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  1. PrisonWallet
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Diapers. Diapers, daycare and whisky.
post 1668307163 09-22-2022, 05:11 PM
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#10
  1. sf813
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  1. sf813
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I am DCAing 15% of every paycheck into index funds

The rest I am saving as cash
post 1668307743 09-22-2022, 05:23 PM
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#11
  1. crupiea
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  1. crupiea
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Sits right in the bank doing nothing.

No risk involved and when I want it its right there.

i simple dont trust anyone with it as it was difficult to come by. If i los it in some investment I would have a tough time with that mentally.

Yeah, yeah, inflation and every year its worth less. Too bad, so are most peoples 401ks because they trusted other people do make their choices for them.
"To be a warrior is not a simple matter of wishing to be one. It is rather an endless struggle that will go on to the very last moment of our lives. Nobody is born a warrior, in exactly the same way that nobody is born an average man. We make ourselves into one or the other."-- Carlos Castaneda
post 1668307813 09-22-2022, 05:23 PM
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#12
  1. _zman
  2. Trancebrah
  1. _zman
  2. Trancebrah
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Been stackin cash since 2019. Starting to spend since I'm seeing prices drop on a few things. Will blow a chunk on a new car. LOL at financing at these interest rates. Been buying a ton of new tools and stuff for the house. Continuing DCA into indexes of course. Spending 33% of income on stocks for the year.

If housing market plummets I'll upgrade, but for now happy with what I have.
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post 1668308183 09-22-2022, 05:29 PM
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#13
  1. 5x10
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  1. 5x10
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Parking in cash
I capped my pre tax savings to 8% this year as I wanted more liquid cash

Waiting for some deals on land or a rental house
Dallas Cowboys

Lifted for 30 years

Ass > tits
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post 1668348053 09-23-2022, 12:10 PM
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#14
  1. MotorCityCobra
  1. MotorCityCobra
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market is brutal. getting fleeced
post 1668349473 09-23-2022, 12:36 PM
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#15
  1. littlemissy
  2. Practicing Safe Sets
  1. littlemissy
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Planning on buying another property next year. Market made me really sad this morning. No wonder I keep telling myself not to log in to look at those accounts.
R 1 35
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post 1668351143 09-23-2022, 12:57 PM
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#16
  1. Swaggod9k
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  1. Swaggod9k
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This is why 90% of people lose money in the markets...

It's all psychological...

You have to take risk to see profit a few years out..

That risk includes seeing your investments go down in the short term...

You just want instant gratification, hurr durr my stonks went up...

You have no long term strategy...

All the people chasing last year's highs are scared and stacking cash now just lmao..

You should have been scared last yr when there was an equities bubble and hoarded cash.

Now is the time to put your cash to work.

Hold for 1 yr and get long term capital gains taxes.
post 1668351323 09-23-2022, 01:00 PM
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#17
  1. OffwhiteBrah
  1. OffwhiteBrah
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Going hard into top 10 crypto around november. Got a poverty 20K dry powder to mess with
post 1668351443 09-23-2022, 01:01 PM
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#18
  1. LtGoose
  1. LtGoose
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Spend every single penny. Lol @ having savings. Live off a credit card. The American dream
post 1668352713 09-23-2022, 01:22 PM
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#19
  1. IlChosenOne
  2. Biggest loads in the NW
  1. IlChosenOne
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Nothing
Just waiting for good opportunities
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post 1668353183 09-23-2022, 01:31 PM
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#20
  1. bsmit107
  2. Living in 3024
  1. bsmit107
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Cashed everything out about 2 months ago......currently sitting on all of it between my brokerage account and a few different savings accounts.

I have to tell myself every day that I do NOT need that new Corvette and my 2009 Truck is just fine....but other than that I'm just waiting till I feel comfortable to start buying back into the market.
post 1668353683 09-23-2022, 01:42 PM
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#21
  1. redmelly
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  1. redmelly
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As I watch my portfolio shrink, i'm sitting on cash and DCA only $500 / month until the sh*t show is over.

I alternate between VOO, SPY, SPYD and SPFIX .
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