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Forum » Best spot to park your cash short term
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Thread: Best spot to park your cash short term

post 1642633883 07-11-2021, 04:46 PM
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Best spot to park your cash short term

I've just recently stopped being a poorcel and have accumulated a lot of cash that I would like to have accessible quickly. I am saving to buy a house, land, or just an azz load of stocks / crypto if / when the market tanks. I'd like to have my cash accessible within a couple weeks, so what is the best place to put it?

Right now I have ~$40k just rotting in savings/checking making .00001% interest. Should I put it in a taxable index fund ie: S&P 500 or Total World Index? CD? Particular stable dividend stock? Bonds?

Thanks bros.
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post 1642633923 07-11-2021, 04:46 PM
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post 1642634303 07-11-2021, 04:53 PM
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Send me the 40k and I will triple it in 3.5 weeks
Losers let it happen, winners make it happen.

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post 1642634323 07-11-2021, 04:53 PM
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High yield savings account if you plan to access it in the near future

S&P 500 if you plan to hold it for 6+ months and don’t necessarily need it for a house down payment or something
post 1642634363 07-11-2021, 04:53 PM
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-azz load of stocks
-$40,000

Pick just one.

Also an old saying comes to mind I’ll share with you: “a fool and his money are lucky enough to come together in the first place”

Think about that.
post 1642634423 07-11-2021, 04:54 PM
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There's no good options:

A: If you want to play it safe, you lose to inflation. Imagine if you had your home down payment stored in a savings account earning ~nothing before the huge run up in home prices
B: If you want to put it in the market, you are exposed to the risk of the market. The stock market could have a correction right before you want to buy


Either way you are taking on a risk.

IMO A is a bigger risk if you are flexible about when you can purchase. By that I mean if the stock market corrects you can wait a bit for it to recover. Otherwise B
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post 1642634523 07-11-2021, 04:56 PM
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use it to put towards mortgage. buy house. rent out the rooms. profit.
post 1642634723 07-11-2021, 04:57 PM
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#8
  1. GTLpilotbrah
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Originally Posted By Nonsense916⏩
Send me the 40k and I will triple it in 3.5 weeks
Ok. Just send me $2k to cover the transfer fee and it'll be on the way.
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post 1642635363 07-11-2021, 05:07 PM
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  1. GTLpilotbrah
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Originally Posted By SettingOff⏩
use it to put towards mortgage. buy house. rent out the rooms. profit.
I would but I want to live alone. Or maybe with one buddy.
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post 1642635543 07-11-2021, 05:10 PM
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#10
  1. GTLpilotbrah
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Originally Posted By SaviorSelfJT⏩
There's no good options:

A: If you want to play it safe, you lose to inflation. Imagine if you had your home down payment stored in a savings account earning ~nothing before the huge run up in home prices
B: If you want to put it in the market, you are exposed to the risk of the market. The stock market could have a correction right before you want to buy


Either way you are taking on a risk.

IMO A is a bigger risk if you are flexible about when you can purchase. By that I mean if the stock market corrects you can wait a bit for it to recover. Otherwise B
I had money in 2014 to buy close to the bottom of the market. Should have just done it then. Crazy to think about. Thanks. RPd
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post 1642635613 07-11-2021, 05:11 PM
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Originally Posted By GTLpilotbrah⏩
I would but I want to live alone. Or maybe with one buddy.
build a guesthouse separate from your main home if you have the land to do so. overall might cost a couple hundred thousand depending on build, but you more than enough for the downpayment. this might increase the value of your main property in the process.
post 1642635633 07-11-2021, 05:12 PM
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I got 80k just sitting in my checking account doing nothing. Already put away 250 a week into retirement plan, kinda waiting for the right house to pop up tbh
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post 1642635893 07-11-2021, 05:17 PM
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What’s “short term”? When do you think things are going to tank?

If you think it will happen in the next 6 months then just keep it in the bank.

A year maybe get a 1 year CD or something that might get you a better rate then a bank account.

If you rent just buy a home and start building equity. If you think crypto is the future just lol.

If in August things don’t start chitting the bed then I have no clue when it will happen. Money printer go brrr
The misc is full of a bunch of simp ****ots
post 1642636533 07-11-2021, 05:31 PM
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Corporate bond portfolio is as safe as anything and keeps up with inflation.
post 1642636783 07-11-2021, 05:36 PM
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Originally Posted By SaviorSelfJT⏩
There's no good options:

A: If you want to play it safe, you lose to inflation.


Either way you are taking on a risk.
/thread

Ffs me and my gf are in the exact same boat, tons of cash and I can feel it just melting away fukk
post 1642636933 07-11-2021, 05:40 PM
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Originally Posted By GTLpilotbrah⏩
I've just recently stopped being a poorcel and have accumulated a lot of cash that I would like to have accessible quickly. I am saving to buy a house, land, or just an azz load of stocks / crypto if / when the market tanks. I'd like to have my cash accessible within a couple weeks, so what is the best place to put it?

Right now I have ~$40k just rotting in savings/checking making .00001% interest. Should I put it in a taxable index fund ie: S&P 500 or Total World Index? CD? Particular stable dividend stock? Bonds?

Thanks bros.
Damn people like this who hold zero value will try to come up anyway they can even though it’s criminal... and they think they can get away with it... until they realize? That they not only won’t? But? That karma has a way of working itself out at the end. I can’t understand why there would be members of the department of justice? Who would be oppositional to doing the right thing for women of the porn industry just because it involves holding some members of law enforcement responsible for their crimes. Democrats are truly crazy and corrupt...

Fucj it imma let the world know, damn... mexican chipotle girl
post 1642636973 07-11-2021, 05:40 PM
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escorts and *******
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post 1642637113 07-11-2021, 05:43 PM
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Wealthfront account set to a low risk tolerance.
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post 1642637453 07-11-2021, 05:47 PM
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buy stocks and sell covered calls

i make 10k on CC PREMIUMS! monthy
***Disclaimer: All posts made by [2011change] are works of satire and made for entertainment use only.***
post 1642638183 07-11-2021, 06:04 PM
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Put 40k into $SHIB and take a nap


























not srs

Spoiler!
or am I?
FL > PA
post 1642638503 07-11-2021, 06:08 PM
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Originally Posted By GTLpilotbrah⏩
I've just recently stopped being a poorcel and have accumulated a lot of cash that I would like to have accessible quickly. I am saving to buy a house, land, or just an azz load of stocks / crypto if / when the market tanks. I'd like to have my cash accessible within a couple weeks, so what is the best place to put it?

Right now I have ~$40k just rotting in savings/checking making .00001% interest. Should I put it in a taxable index fund ie: S&P 500 or Total World Index? CD? Particular stable dividend stock? Bonds?

Thanks bros.
Anything but a 401k or any form or BRAINDEAD retirement fund. Also DON'T do bonds or CD for obvious reasons.
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post 1642638763 07-11-2021, 06:12 PM
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Not sure what the question is. Basic stocks/indexes can be liquidated and transferred to your bank within 3 days after the trade settles, so like 5 business days at most. Unless you're investing in hedge funds or real estate with low liquidity you generally don't have to wait for your money.
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post 1642639133 07-11-2021, 06:18 PM
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I had the same problem only with $500k two months ago.

Ended up putting it in a manged investment account. Let someone smarter than me think about it for 1%.
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post 1642639573 07-11-2021, 06:27 PM
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i'd consider something relatively stable like utilities funds or something like that. Seems like a correction is coming to me but lots of people are saying there should be a healthy post-covid recovery. Roll of the dice
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post 1642639843 07-11-2021, 06:33 PM
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Originally Posted By 2011change⏩
buy stocks and sell covered calls

i make 10k on CC PREMIUMS! monthy
you also forego your long-term appreciation from owning said stocks... nothing is free boyo
post 1642639853 07-11-2021, 06:34 PM
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Buy into rope futures

In 6 months you'll quadruple your money
post 1642639913 07-11-2021, 06:36 PM
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Originally Posted By jafomofo⏩
i'd consider something relatively stable like utilities funds or something like that. Seems like a correction is coming to me but lots of people are saying there should be a healthy post-covid recovery. Roll of the dice
keep in mind utilities tend to be hit hard when interest rates rise, not due to the business model of utilities, but because as an investment vehicle valued for providing stable yields, they compete with fixed income instruments like bonds. higher interest rates cause institutional investors to re-allocate money from utilities into bonds, causing utilities to decline in value
post 1642639943 07-11-2021, 06:36 PM
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Originally Posted By SouthDakotaBrah⏩
you also forego your long-term appreciation from owning said stocks... nothing is free boyo
You probably make more money on options then stocks SRS.

BOOMER stock investing is retarded as fook. You need a fortune to make the measliest returns.
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post 1642640103 07-11-2021, 06:39 PM
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Originally Posted By Realclout⏩
You probably make more money on options then stocks SRS.

BOOMER stock investing is retarded as fook. You need a fortune to make the measliest returns.
buying calls or selling calls? you generally need a larger fortune to make the measliest returns when selling calls vs. holding stocks. in Any case, selling OTM calls just means you're converting the potential for appreciation into guaranteed cash flow... it lowers your risk of holding the stock and increases your guaranteed return, and on average likely lowers your overall return (the brokerage company makes money though)

that being said, I enjoy selling calls on certain stocks that I think have reached their temporary peak, and hopefully I can get some "free" cash from it. But only ever on stocks that I've held for at least a year, and even then its gambling. I would like to see a study that compares the overall returns from holding a basket of stocks vs. holding a basket of stocks and selling OTM covered calls on them... I have this feeling that the brokerage is the only player coming out ahead
post 1642640493 07-11-2021, 06:47 PM
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Originally Posted By SouthDakotaBrah⏩
buying calls or selling calls? you generally need a larger fortune to make the measliest returns when selling calls vs. holding stocks. in Any case, selling OTM calls just means you're converting the potential for appreciation into guaranteed cash flow... it lowers your risk of holding the stock and increases your guaranteed return, and on average likely lowers your overall return (the brokerage company makes money though)

that being said, I enjoy selling calls on certain stocks that I think have reached their temporary peak, and hopefully I can get some "free" cash from it. But only ever on stocks that I've held for at least a year, and even then its gambling. I would like to see a study that compares the overall returns from holding a basket of stocks vs. holding a basket of stocks and selling OTM covered calls on them... I have this feeling that the brokerage is the only player coming out ahead
So far, I've mostly been buying calls, naked Puts seem fairly risky and EVEN thought selling calls and puts may be better you certainly need a CHIT ton more money to do so. I usually buy ITM call and they print and that seems to work for me maybe a little more expensive but way less gambling and probably a much higher chance to make a profit then praying you get a rocket ship to the moon with price action.

If you aren't braindead using covered calls and puts is probably a x10 better strategy over market buy and market sell SRS.
- Keep the misc great again

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