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Started By
Message
Best place to park a couple of grand for a few months
Posted on 9/26/23 at 6:53 pm
Posted on 9/26/23 at 6:53 pm
I’m somewhat restricted on what I can actually do because of my job. Like I can’t invest in most things without a shitload of read tape.
Ideally this would be liquid and would last for 3-6 months.
I’m open to finding a good high interest saving account. I think I’m a little SOL for all requirements but if y’all have any CDs that could be good?
Ideally this would be liquid and would last for 3-6 months.
I’m open to finding a good high interest saving account. I think I’m a little SOL for all requirements but if y’all have any CDs that could be good?
13
Posted on 9/26/23 at 6:56 pm to athenslife101
There should be some high yield savings you can use, Citi accelerate maybe? Only real requirement is keep the balance above $500 to avoid fees, pays 4.35%
This post was edited on 9/26/23 at 7:00 pm
Posted on 9/26/23 at 6:59 pm to athenslife101
quote:
Like I can’t invest in most things without a shitload of read tape.
Weird.
You could start laddering 3 month CDs.
Posted on 9/26/23 at 7:11 pm to athenslife101
Money Market. At least they are paying something these days.
Posted on 9/26/23 at 7:12 pm to athenslife101
quote:
somewhat restricted on what I can actually do because of my job
You're less restricted than you think you are. Just connect your accounts to your internal compliance engine, and wait for an email if they flag something. If you conduct assurance activities on UPS, you can't invest in UPS. But does that mean you can't invest in Delta, even though the people you go to happy hour with that audit Delta? Not necessarily.
Excessive compliance aversiveness screwed my retirement when I was with Big 4.
Posted on 9/26/23 at 7:22 pm to LemmyLives
I have done this. I probably am over cautious. I did get yelled at by previous employer because I didn’t report a corporate action correctly. But I do think the restrictions are pretty tight. For example, I can only have retirement savings within certain locations, I can definitely only have investments with certain companies, I cant invest without 30 day waiting period.
And that ain’t bad compared to my buddy who has to have all his checking sand savings fully monitored all the time.
And that ain’t bad compared to my buddy who has to have all his checking sand savings fully monitored all the time.
This post was edited on 9/26/23 at 7:26 pm
Posted on 9/26/23 at 7:37 pm to athenslife101
It isn't hard to get 5% or more on your money without having to tie it up.
Posted on 9/26/23 at 7:38 pm to SloaneRanger
Well, tell me what my options are!
Posted on 9/26/23 at 7:43 pm to athenslife101
I wasn't in assurance, just advisory. But remember that in a partnership, the partners are liable to be sued or tried for things the people under them do, even if there is no actual conflict. So, they are extremely risk averse (I wouldn't want to be a partner paying my share of a $300M fine!)
However, they will cut your throat if your util/sales numbers fall below targets. They don't care that your 401(k) or IRA only gained 8% when the NASDAQ index was up 30% because of restrictions. Obviously, don't violate actual conflict rules, but checking and savings monitoring? Seriously. If you do assurance work on SunTrust, just bank with BoA, USAA, Frost, or anyone else.
I'm the guy that reported to HR I was in a relationship with my ex-wife. We worked in different divisions, never had the same client. HR was supremely confused why a manager was informing them that I was banging a senior. They're less concerned than you think, it's just arse covering.
However, they will cut your throat if your util/sales numbers fall below targets. They don't care that your 401(k) or IRA only gained 8% when the NASDAQ index was up 30% because of restrictions. Obviously, don't violate actual conflict rules, but checking and savings monitoring? Seriously. If you do assurance work on SunTrust, just bank with BoA, USAA, Frost, or anyone else.
I'm the guy that reported to HR I was in a relationship with my ex-wife. We worked in different divisions, never had the same client. HR was supremely confused why a manager was informing them that I was banging a senior. They're less concerned than you think, it's just arse covering.
Posted on 9/26/23 at 7:52 pm to athenslife101
am x online savings acct or
short term cd
short term cd
Posted on 9/26/23 at 7:56 pm to athenslife101
I assume you work in finance causing trade restrictions. i would look for a high yield account. i use Fierce. They are giving 5.25%. There are a lot of options.
Posted on 9/26/23 at 8:06 pm to athenslife101
Any of the ~5% interest savings accounts out there
Posted on 9/26/23 at 8:51 pm to athenslife101
You could get a new job that doesn’t restrict you from managing your money however you see fit
Posted on 9/26/23 at 8:53 pm to athenslife101
SWVXX 5.22%
VMFXX 5.29%
VMFXX 5.29%
This post was edited on 9/26/23 at 8:57 pm
Posted on 9/26/23 at 8:55 pm to athenslife101
Vanguard money market is ~5.3%.
Posted on 9/26/23 at 11:15 pm to Captain Crackysack
quote:
You could get a new job that doesn’t restrict you from managing your money however you see fit
Everyone in my line of work does lol. I don’t have it too bad compared to others
Posted on 9/27/23 at 8:11 am to athenslife101
PNC has savings rates near 5% but I think it varies by state.
Posted on 9/27/23 at 8:17 am to Fat Bastard
Fat, are these rates net of the expense ratio? If so, that ain’t bad.
Posted on 9/27/23 at 8:36 am to athenslife101
Posted on 9/27/23 at 10:16 am to athenslife101
Morgan Stanley is paying 5% on money market acct.
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