##### SAFE INVESTMENT THREAD #####I have, after 3 years of wagecucking, 55k USD in my savings account. 5k is strictly for emergencies, which leaves 50k sitting in a bank doing nothing but getting me like a penny per month. Now, I have absolutely 0 risk tolerance with this money, so I'm not interested in buying pajeetcoin or ganestonks. However, I do want to help it grow. Is a high yield savings account a good idea for someone like me?Any other strictly safe investment ideas?
>>58700301>ba ba ba ba ba ba ba baba ba baba bababa ba baba ding ding
>>58700325I see. Thats some great investment advice anon
>>58700301get a 401k or roth IRA, afaik savings accounts are shit. Check out money market accounts
>>58700301Put all your cash in a high yield savings account. You'll earn 4.60% APY at SoFi which would be over $2500 a year for you. You can withdraw your money from the savings account as often as you like and whenever you want with no penalty because of Covid rules.Personally, I think you should keep only 6 months of living expenses in the savings account and dump the rest in an ETF like SPY or VTI.
>>58700301Fucking all in Dogecoin next time it dips.
>>58700457If the market crashes spy will go down with it though, I really do have 0 risk tolerance for this money. Which is why I'm also thinking about a HYSA>>58700456Looks like both money market and hysa are about the same return right now, ~5%I had 6k in my fidelity account from selling some stocks, I opened and moved it to their Roth IRA account, but haven't actually invested it anywhere. All their etfs and shit are fucking red. I still get to claim the 6k tax break even if I dont invest right?
>>58700614You gotta grow a pair, man. If I was as risk averse as you, I wouldn't be a millionaire today. Your best bet would be to put everything in BTC or ETH and hold for the next 4-6 years.
>>58700637You think a fag like that would ever buy BTC lamao
>>58700301If you're low risk buy low risk assetsStocks: S&P 500, NasdaqCrypto: Bitcoin, EthereumThere's plenty of good stuff in the low-medium risk bracket though, which could yield 500-1000% returns provided the market does well. cryptos like Matic, Cardano, Loopring and BAT. Do your own research first though, as always.
>>58700722How the fuck is btc a safe investment when it can (and will) casually go -50% on your ass Same with stocksThis is a fucking election year and the most clownlike one yet I'm not buying shit lol
>>58701573buy bonds then pussy
>>58700301I'm 29 and have turned about 10k into over $2.1 million since I started working at age 22. As everyone has already told you in this thread, you need to take risks with your money especially while you are in your 20s.
>>58701674Those are red too kek
>>58700301It's weird how Crazy Frog was around so prominently for like 4 years in the 2000's and we were all cool with him just hanging dong like that>Is a high yield savings account a good idea for someone like me?Yes if you have no risk tolerance then you can do that. Online only banks tend to have higher yields since there's less overhead, obviously. You could also stake stablecoins but there's a lot to be considered when you consider the safety of the institution since basically none of them are FDIC insured like banks.
>>58700301Insane Toad?
depends on your timeline. if it's><5 yearscash accounts: MM, HYSA, CDs>10+ years80/20 stock/bond index>5-10 yearsa more conservative mix. maybe 40/40/20 stock/bond/cash
>>58700301There is no such thing as safe investment. To make your portfolio safe, you must diversify as much as possible. Put more money in low-risk assets and less money in high-risk assets. Look into sp500, bonds, gold and silver. Put some money into btc and eth as well, maybe 10% if you don't have balls.Also, think if your hobby cannot be used for investments. The best alpha investments I ever did are from my hobbies: scalping collector editions, scalping bottles of perfume that just went out of production, buying coins. Think if you don't already posses some esoteric knowledge that can be used to make money.
>absolutely 0 risk toleranceSuch a good little slave, guaranteeing real losses via monetary expansion to avoid temporary nominal losses
>>58700301If you want to be a lazy fuck, you can leave it in a robin hood gold account and get 5.5% annually, and it pays out monthly, so you can earn $7.70 a day just letting it sit there.
>>58700301>SAFE INVESTMENT THREADIsn't that what the boglehead forums are for? Try there, you're asking in the casino.
>>58701713It's his tail. The creator did address it. Either way I was never a fan. I was into actual, cool kids shit like "Numa "Numa" and Hampton the Hamster and his Hampsterdance
>>58700301 just put it in an Ally savings account with 4.20% APY, you'll make like $2,000 a year on that $50k, it's zero risk. If you want more than that, the risk begins.
>>58701573Dullard. BTC is trustless money, there will never be more than 21m BTC, fiat supply will continue to increase 3x every decade forever. But if you're insistent on being a homosexual buttslave to the cannibal pedophile oligarchs then chuck your money into a tbill etf like BIL or SGOV, zero risk, negative real yield.
>>58701906I wouldn't trust that piece of shit app, better to buy Ally 6 month CDs at around the same APY
>>58701910Based Ally enjoyer. Best savings account hands down. I use their credit card for balance transfers and haven't had to pay interest on it once
>>58701906There shouldnt be any customer funds in Robinhood after they turned off trading. Shit dick company to deal with.
>>58700301you can get >5% in a money market fund...and as much as the boomers are gonna hate it...rates aint goin down anytime soon
>>58701698bond etfs are red...he means buy actual bonds
