Best place to have your savings??

[prince143]

Lets say you want to park certain amount(assume its emergency fund) with a decent return but low risk and easy accessible.

The things I know:

1) CD

2) High yield savings account

3) SPY(I don't think its safe now based on current valuations)

 

Any other ways? Earnest replies only please

[anna_gari_maata]

crypto

[DuvvaAbbulu]

Nenu aithe Sofi high yield account lo vesa

[prince143]

3 minutes ago, DuvvaAbbulu said:

Nenu aithe Sofi high yield account lo vesa

I'm currently using UFB direct. 3.93 APR and 4.01 APY. What about SOFI?

[FrustratedVuncle]

5 minutes ago, DuvvaAbbulu said:

Nenu aithe Sofi high yield account lo vesa

how much they are giving.

[11_MohanReddy]

The key is diversifying 

[LadiesTailor]

12 minutes ago, prince143 said:

Lets say you want to park certain amount(assume its emergency fund) with a decent return but low risk and easy accessible.

The things I know:

1) CD

2) High yield savings account

3) SPY(I don't think its safe now based on current valuations)

 

Any other ways? Earnest replies only please

If you want to take some risk then SPY/VTI… or CD

move some prevent to Stock market and some to CD 

[Spartan]

emergency money ni...investment endi

[DuvvaAbbulu]

38 minutes ago, LadiesTailor said:

If you want to take some risk then SPY/VTI… or CD

move some prevent to Stock market and some to CD 

Withdraw chesthe tax entha bro

[Arjun9]

Let the savings be savings.. dont invest in anything.

I deposited around 1 yr of home loan EMI + 20-25k emergency funds into Wealth front HYS account - 4.5% emo coming and forget about it. No FOMO factor.

** don't put all eggs in one basket ***

[Dale]

robinhood - 4.5%

[baabaa]

1 hour ago, prince143 said:

Lets say you want to park certain amount(assume its emergency fund) with a decent return but low risk and easy accessible.

The things I know:

1) CD

2) High yield savings account

3) SPY(I don't think its safe now based on current valuations)

 

Any other ways? Earnest replies only please

Pretty much anthe anna. I also invested in govt bonds but the % rate is very less. My majority is in SPY/VOO/QQQ.

Real Estate is not very liquid. Bought with telugu group investors in austin during covid but that land is stuck and money is stuck. India lo emo unless father or own brother undi active ga take care cheste ok or else namma lemu.

[FrustratedVuncle]

12 minutes ago, Dale said:

robinhood - 4.5%

4 only no. 4.5% is temporary like 1month or 2.

[Dale]

1 minute ago, FrustratedVuncle said:

4 only no. 4.5% is temporary like 1month or 2.

correct. but every two months if you make new deposit it will be 4.5% constantly

[LadiesTailor]

31 minutes ago, DuvvaAbbulu said:

Withdraw chesthe tax entha bro

Capital gains meeda tax anna… I think long term 18% anukunta