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Dumb to keep 20k in savings? Should I just buy a bunch of bonds?
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Date: June 30th, 2025 9:16 AM Author: Emerald haunted graveyard (http://www.autoadmit.com/thread.php?thread_id=5744554&forum_id=2#49059934) |
Date: June 30th, 2025 9:17 AM Author: talented obsidian lodge Put it in T bills or AAA clo etfs. (http://www.autoadmit.com/thread.php?thread_id=5744554&forum_id=2#49059937) |
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Date: June 30th, 2025 9:58 AM Author: Emerald haunted graveyard what's aaa clo etf (http://www.autoadmit.com/thread.php?thread_id=5744554&forum_id=2#49060017) |
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Date: June 30th, 2025 10:00 AM Author: onyx pozpig kitchen JAAA (http://www.autoadmit.com/thread.php?thread_id=5744554&forum_id=2#49060026) |
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Date: June 30th, 2025 10:04 AM Author: talented obsidian lodge Collateralized loan obligations i.e. a pool of floating rate junk business loans that is tranched, with the AAA tranche being the least risky. Some examples are JAAA or ICLO. (http://www.autoadmit.com/thread.php?thread_id=5744554&forum_id=2#49060038) |
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Date: June 30th, 2025 9:59 AM Author: contagious cocky double fault You should always have 20k in savings minimum. I wouldn't invest anything until I had 50k in the bank for example. (http://www.autoadmit.com/thread.php?thread_id=5744554&forum_id=2#49060022) |
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Date: June 30th, 2025 10:21 AM Author: Cyan Home Ceo What lmao (http://www.autoadmit.com/thread.php?thread_id=5744554&forum_id=2#49060077) |
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Date: June 30th, 2025 10:22 AM Author: Fishy tanning salon volcanic crater Same (http://www.autoadmit.com/thread.php?thread_id=5744554&forum_id=2#49060080) |
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Date: June 30th, 2025 10:48 AM Author: vivacious hall gaming laptop (http://www.autoadmit.com/thread.php?thread_id=5744554&forum_id=2#49060178) |
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Date: June 30th, 2025 10:48 AM Author: vivacious hall gaming laptop (http://www.autoadmit.com/thread.php?thread_id=5744554&forum_id=2#49060177) |
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Date: June 30th, 2025 10:50 AM Author: Alcoholic fanboi put it in SGOV or BIL, you can freely "withdraw" whenever you want and you're getting 4%. savings accounts are retarded. (http://www.autoadmit.com/thread.php?thread_id=5744554&forum_id=2#49060184) |
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Date: June 30th, 2025 10:53 AM Author: Cyan Home Ceo Lmao XOers are boomers. They don’t get it. Cash lmao right now you can throw it in stock and withdraw whenever (http://www.autoadmit.com/thread.php?thread_id=5744554&forum_id=2#49060195) |
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Date: June 30th, 2025 11:06 AM Author: Alcoholic fanboi i tried to explain this to my mom and she wouldn't have it. she put $500k in a callable CD at her bank. i also explained to her that brokerage accounts are insured up to $500k, while her bank was $250k. so fucking stupid. (http://www.autoadmit.com/thread.php?thread_id=5744554&forum_id=2#49060237) |
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Date: June 30th, 2025 11:10 AM Author: Erotic dead liquid oxygen orchestra pit I like and use SGOV, but to be clear it still doesn’t have the exact same liquidity as cash. You have to sell it and wait for a settlement period in some brokerages, so you might have to wait a business day or two to get your money. (http://www.autoadmit.com/thread.php?thread_id=5744554&forum_id=2#49060257) |
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Date: June 30th, 2025 11:17 AM Author: talented obsidian lodge Unless you do a lot of business in cash what does it matter? You can put most sudden expenses on credit cards. (http://www.autoadmit.com/thread.php?thread_id=5744554&forum_id=2#49060295) |
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Date: June 30th, 2025 11:49 AM Author: Erotic dead liquid oxygen orchestra pit It’s bitten me once or twice when I wanted to buy stock after a big drop (like in early April) and all my “dry powder” is in SGOV (http://www.autoadmit.com/thread.php?thread_id=5744554&forum_id=2#49060371) |
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Date: June 30th, 2025 11:50 AM Author: talented obsidian lodge Your brokerage doesn't give you instant trading credit on sales? Also settlement is now T+1. (http://www.autoadmit.com/thread.php?thread_id=5744554&forum_id=2#49060372) |
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Date: June 30th, 2025 11:59 AM Author: Erotic dead liquid oxygen orchestra pit I guess not. I use Fidelity.
I end up keeping a little cash in my money market, which also has a great yield. The downside of the MM is that the interest is not exempt from state tax. My state requires a certain minimum percentage of US treasuries for the interest to be tax exempt and none of Fidelity’s core positions for MM meet the threshold. |
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Date: June 30th, 2025 12:07 PM Author: onyx pozpig kitchen You can toggle some setting in your fidelity acct to put uninvested cash into SPAXX but have it be immediately investible. (http://www.autoadmit.com/thread.php?thread_id=5744554&forum_id=2#49060391) |
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Date: June 30th, 2025 12:11 PM Author: Erotic dead liquid oxygen orchestra pit That’s what I’m talking about in my second paragraph.
SPAXX has good yield but US treasuries aren’t a high enough percentage of their holdings, so I still have to pay state tax on the interest. |
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Date: June 30th, 2025 10:07 AM Author: Magical Cruise Ship Nibblets my bank account balance is usually under $15. all cash goes straight to my brokerage account (http://www.autoadmit.com/thread.php?thread_id=5744554&forum_id=2#49060053) |
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Date: June 30th, 2025 10:44 AM Author: nofapping nowag ?????? You don't have random auto pay stuff coming out of ur bank account? You don't periodically need to withdraw a few thousand? (http://www.autoadmit.com/thread.php?thread_id=5744554&forum_id=2#49060163) |
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Date: June 30th, 2025 10:53 AM Author: amber shrine What’s your monthly spend? I’d have at least 4x that in savings before throwing it into anything else (http://www.autoadmit.com/thread.php?thread_id=5744554&forum_id=2#49060193) |
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Date: June 30th, 2025 11:07 AM Author: Embarrassed to the bone public bath That seems like a totally reasonable amount for an upper middle class homeowner with children and so a bunch of variable expenses. (http://www.autoadmit.com/thread.php?thread_id=5744554&forum_id=2#49060242) |
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Date: June 30th, 2025 11:09 AM Author: sticky stock car property my savings is in QQQ. (http://www.autoadmit.com/thread.php?thread_id=5744554&forum_id=2#49060253) |
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Date: June 30th, 2025 9:38 PM Author: Painfully Honest Lay Party Of The First Part QQQM is pareto superior unless you write a ton of covered calls and need that liquidity (http://www.autoadmit.com/thread.php?thread_id=5744554&forum_id=2#49062037) |
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Date: June 30th, 2025 11:12 AM Author: Bronze exhilarant chapel How much interest are you earning on it and what are your monthly expenses?
I keep 1-2 months expenses in checking earning no interest and about 4 months expenses in a "cash plus" account that is currently earning 3.65%. |
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Date: June 30th, 2025 11:12 AM Author: green provocative ladyboy what interest does it get? if its over 3% its fine. (http://www.autoadmit.com/thread.php?thread_id=5744554&forum_id=2#49060264) |
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Date: June 30th, 2025 11:56 AM Author: Nighttime meetinghouse striped hyena no. what is it costing you to have $20K instead of $10K? a few bucks a month in interest?
i always keep a cushion of cash i can use on a few minutes notice at 3am just in case. comes in handy once in a while.
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Date: June 30th, 2025 9:39 PM Author: Painfully Honest Lay Party Of The First Part SGOV is the way to go, had a fight with my wife on this as she likes to stay heavy in cash because "markets will crash" (http://www.autoadmit.com/thread.php?thread_id=5744554&forum_id=2#49062038) |
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Date: June 30th, 2025 9:39 PM Author: curious step-uncle's house I have 80K in a checking account (0.01% interest), 45K in a savings account (0.5% interest), and 100K in a HYSA (3.65% interest).
How retarded am I? |
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Date: June 30th, 2025 10:58 PM Author: Painfully Honest Lay Party Of The First Part seems nigger as fuck when you have SGOV paying out the ass, and you could even sell covered calls on these fuckers (http://www.autoadmit.com/thread.php?thread_id=5744554&forum_id=2#49062174) |
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Date: June 30th, 2025 11:33 PM Author: Stimulating Pit Weed Whacker real retarded (http://www.autoadmit.com/thread.php?thread_id=5744554&forum_id=2#49062221) |
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Date: July 1st, 2025 12:03 AM Author: Erotic dead liquid oxygen orchestra pit Fine if you hate free money I guess. This is prob costing you $5000 per year or so. (http://www.autoadmit.com/thread.php?thread_id=5744554&forum_id=2#49062297) |