🧟‍♀️ Any fairly safe funds you'd invest in now for about 6 months

[jlt19]

We just got the proceeds from the sale of our house, yay! I want to immediately set aside the balance of my SL's, so when they finally come due, the money will be there. But having it sit in savings is so sad to me, lol. I honestly haven't been following the market the past two months b/c I've been swamped with house stuff, so I don't even know if now would be a good time to get in anything. But curious if there are any "slow/steady" gainers or relatively safe funds that may do better than regular savings. I mean, if things got bad (not like lose it all bad, but it dropped a few %) we do have the money to cover, but obviously that's not ideal.

[ohgillian]

For six months I would probably do a CD. Although given how little you will earn in that time, I would probably just go ahead and pay them off if it were me.

[jlt19]

Aug 21, 2021 7:02:32 GMT -5 ohgillian said:

For six months I would probably do a CD. Although given how little you will earn in that time, I would probably just go ahead and pay them off if it were me.

I would, but I don’t want to potentially miss out on any forgiveness. I know that’s looking less and less likely, but with my luck Biden would forgive the $10k he talked about and I’d never get over it.

[ohgillian]

Aug 21, 2021 11:43:58 GMT -5 jlt19 said:

Aug 21, 2021 7:02:32 GMT -5 ohgillian said:

For six months I would probably do a CD. Although given how little you will earn in that time, I would probably just go ahead and pay them off if it were me.

I would, but I don’t want to potentially miss out on any forgiveness. I know that’s looking less and less likely, but with my luck Biden would forgive the $10k he talked about and I’d never get over it.

Oh, well that makes a lot of sense!

[sadlebred]

No funds! Put it in a cd if it's less than a year even with the terrible interest rates.

[suzubell]

HMBradley is offering 3% up to $100k. I have my short term savings there.

[ohgillian]

Aug 21, 2021 22:43:23 GMT -5 suzubell said:

HMBradley is offering 3% up to $100k. I have my short term savings there.

You may know this, but HM Bradley is not FDIC insured. They say that your deposits are FDIC insured through their relationship with another bank, which means you’re trusting them to actually deposit your funds into the other bank.

[jlt19]

Aug 21, 2021 22:43:23 GMT -5 suzubell said:

HMBradley is offering 3% up to $100k. I have my short term savings there.

I just did a little research on them and it's intriguing. Do you have your full paycheck DD? I'm trying to brainstorm how I could get it all to work when you have to save 20% in order to get the 3%. I mean, i guess if you (general you) actually saves 20% of each check it could work, but I do not do that. I could probably figure something out though. If you're comfortable, could you possibly send me an invite? I guess it's exclusive now

[suzubell]

Aug 29, 2021 10:26:52 GMT -5 jlt19 said:

Aug 21, 2021 22:43:23 GMT -5 suzubell said:

HMBradley is offering 3% up to $100k. I have my short term savings there.

I just did a little research on them and it's intriguing. Do you have your full paycheck DD? I'm trying to brainstorm how I could get it all to work when you have to save 20% in order to get the 3%. I mean, i guess if you (general you) actually saves 20% of each check it could work, but I do not do that. I could probably figure something out though. If you're comfortable, could you possibly send me an invite? I guess it's exclusive now

Nope. I put in $100 a check so only have to save $20. Lol.

[suzubell]

Aug 29, 2021 10:26:52 GMT -5 jlt19 said:

Aug 21, 2021 22:43:23 GMT -5 suzubell said:

HMBradley is offering 3% up to $100k. I have my short term savings there.

I just did a little research on them and it's intriguing. Do you have your full paycheck DD? I'm trying to brainstorm how I could get it all to work when you have to save 20% in order to get the 3%. I mean, i guess if you (general you) actually saves 20% of each check it could work, but I do not do that. I could probably figure something out though. If you're comfortable, could you possibly send me an invite? I guess it's exclusive now

So I was not right about that. It is saving 20% over the quarter. Maybe you could add in gradually? My apologies for the inaccurate statement.

[boiler717]

Our local credit union is 2% up to $20k on checking and 0.5% over 10k for savings. Works for me for short-term / e-fund purposes.

[ohgillian]

Nov 19, 2021 4:08:37 GMT -5 lullumankane said:

Instead of putting your money in the bank for a small percentage, you should consider crypto investment options. Cryptocurrency is a kind of digital electronic-only currency that is intended to act as a medium of exchange. It’s become popular in the last decade, with Bitcoin becoming the leading digital currency.

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