- This topic is empty.
Viewing 4 posts - 1 through 4 (of 4 total)
- AuthorPosts
- Colin
What are the savings for? The broad/general advice is to have an emergency fund of ~6 months of expenses that can stay in a HYSA. Beyond that, excess cash is just sitting on the sidelines when it could be invested. It depends on your goals and needs and what you’re planning for, but in general excess cash that doesn’t need to be spent in the near future should be invested for the long term.
EvelyneAs much as you can. It’s a triple advantaged account.
GonzaloIf you don’t need it in the next 5 years, invest it in the stock market…VTI in your case.
KhamzVaries honestly but 6 months expenses would be ideal. Put rest in other investments.
- AuthorPosts
Related Topics:
- Should I switch from Wealthfront HYSA to another with higher APY?
- Which bank did you choose for your HYSA, and why?
- Where are the best hysa recommendations? Mine keeps dropping.
- Should I move my $50k from Bank of America to a high-yield savings account (HYSA)?
- What's your next strategy with HYSA interest rates declining?
- Where should I save for a home in 2-3 years—HYSA or another option?
Viewing 4 posts - 1 through 4 (of 4 total)
No related posts.