- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
6 months of Bills in a Savings Account
Posted on 1/16/17 at 8:28 am
Posted on 1/16/17 at 8:28 am
After this amount of money is secured....Would you invest ALL additional money?
8
Posted on 1/16/17 at 8:36 am to jprice4608
I would have put it all in a Roth to start with, just invested very conservatively.
And six months is for most people a bit much.
But yes, I'd throw anything extra into my Roth and invest in something like a retirement fund.
And six months is for most people a bit much.
But yes, I'd throw anything extra into my Roth and invest in something like a retirement fund.
Posted on 1/16/17 at 8:46 am to jprice4608
Yes, and frankly, six months liquid might be a bit much. But, that depends entirely on your personal situation.
Posted on 1/16/17 at 8:57 am to jprice4608
I probably have about 2 months for "emergency fund" and the other 6-8 months is invested in a bond fund that earns 5%. It can be sold and withdrawn in a few days if the funds are needed.
Posted on 1/16/17 at 9:01 am to b-rab2
I have about two months liquid as well, with the rest in equities. My job is extremely stable, so I only need enough liquid to cover the week or two it would take me to liquidate equity investments.
The only reason I have a full two months is in case I have a large expense that won't take a credit card
The only reason I have a full two months is in case I have a large expense that won't take a credit card
Posted on 1/16/17 at 9:10 am to Joshjrn
quote:
The only reason I have a full two months is in case I have a large expense that won't take a credit card
Like a home renovation?
This post was edited on 1/16/17 at 9:11 am
Posted on 1/16/17 at 9:15 am to jprice4608
Pay off all debts first (except house), then invest. That's the simplest method to follow.
Posted on 1/16/17 at 9:20 am to Teddy Ruxpin
quote:
Like a home renovation?
It's a shame someone like Lowes or Home Depot doesn't do that kind of work in house. Imagine the points you would be swimming in buying $1k gift cards at Office Depot at 5x...
Sorry, I had to rub it in
Posted on 1/16/17 at 9:46 am to Joshjrn
Ya, I hear about them but no one goes out of their way to recommend them...I believe they are more expensive too.
This post was edited on 1/16/17 at 9:49 am
Posted on 1/16/17 at 4:40 pm to b-rab2
Would there be penalties for withdrawing from this bond? Can you point me in the right direction on this?
I'm currently throwing about $1500 a month into a savings account drawing 0.7%. I don't want to risk it so I don't invest, and I'd like access to it if needed, but I'd like to earn a little more.
I'm currently throwing about $1500 a month into a savings account drawing 0.7%. I don't want to risk it so I don't invest, and I'd like access to it if needed, but I'd like to earn a little more.
Posted on 1/16/17 at 9:49 pm to cfa626
You have to hold it for 6 months (initial investment). Penalty is $50. I'm in PONCX and PONDX. It has monthly distributions in which I just reinvest the dividends.
Posted on 2/1/17 at 12:18 am to jprice4608
Google Dave ramsey
Posted on 2/1/17 at 10:52 am to jprice4608
I have about $10k also sitting in a savings account. Is VBTLX a good index fund to keep this in, while also having relatively easy access (couple days or so)?
Posted on 2/1/17 at 10:57 am to Joshjrn
quote:
Yes, and frankly, six months liquid might be a bit much
I must be in the minority but only having a 6 month cush in savings would scare me.
Posted on 2/1/17 at 11:07 am to bayoudude
quote:
I must be in the minority but only having a 6 month cush in savings would scare me.
I only keep about 1.5 months in savings. I can liquidate some bonds if I need more $$, and it would be a doomsday scenario if my wife and I both lost our jobs.
But if I didn't have that working for me, I would want 9 months.
Posted on 2/1/17 at 11:08 am to b-rab2
I looked up PONDX and it took me to this:
PIMCO Income Fund
I know zero about investing. Do bond funds like this lose money?
I don't want to be at risk of losing any money. I am OK with small returns. Just want to know what is better than the 0.7% my savings gives me.
The hypothetical $10k investment on the link I posted seems good. I realize that's over a 10 year period.
PIMCO Income Fund
I know zero about investing. Do bond funds like this lose money?
I don't want to be at risk of losing any money. I am OK with small returns. Just want to know what is better than the 0.7% my savings gives me.
The hypothetical $10k investment on the link I posted seems good. I realize that's over a 10 year period.
Posted on 2/1/17 at 12:33 pm to jprice4608
I struggle with this too. I have about 1 year worth of emergency savings. I hate having it sit in the 0.75% savings account. I am looking into some of the bond funds listed below. I am partial to vangaurd but the PONDX and PONCX look interested too.
Posted on 2/1/17 at 1:50 pm to cfa626
They can... but its unlikely IMO.
Posted on 2/2/17 at 9:04 am to tigersnipen
Wouldn't it be better to park in a Roth? The funds you put in can be retrieved later with no penalty.
Posted on 2/2/17 at 10:03 am to Tigahs2007
What are the main differences between PONCX and PONDX and PONAX?
I get that PONDX has no sales load and a lower overall expense ration between the two. Why would someone invest in PONAX and/or PONCX over PONDX? What am I missing here?
I get that PONDX has no sales load and a lower overall expense ration between the two. Why would someone invest in PONAX and/or PONCX over PONDX? What am I missing here?
Page 1 of 2
Popular
Back to top
Follow TigerDroppings for LSU Football News