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re: Staggering deposits into investment account?
Posted on 3/4/26 at 5:39 am to BabyTac
Posted on 3/4/26 at 5:39 am to BabyTac
Galaxy has a premium yield account that requires a minimum $10k deposit. 8% yield. That is where we stick our cash reserve because it requires a 60 day notice to withdraw. It’s our rainy day account so no plans to touch it. There regular yield account is 3.5%
2
Posted on 3/4/26 at 6:46 am to MSTiger33
Interesting. I have my reserves in BMO alto and capital one high yield savings. Maybe I switch one to this galaxy premium thing. Never heard of it.
Posted on 3/4/26 at 7:26 am to MSTiger33
8% yield? Sounds sketchy
Posted on 3/4/26 at 8:43 am to Tiger4life306
It’s not. Public traded company. They leverage that against lending against crypto at a rate almost double than that. FDIC insured as well.
Posted on 3/4/26 at 9:06 am to MSTiger33
quote:
Galaxy Premium Yield is an investment product, not a bank deposit, and is not FDIC insured.
^that is directly from the galaxy website.
Also, a 60 day notice to get your cash…
Seems like a red flag.
Posted on 3/4/26 at 9:29 am to BabyTac
Typical advice is time in the market is more important that timing the market. If the people who offer that suggestion are correct, lump sum is the best path to getting the most money into the market for the longest period.
Posted on 3/4/26 at 4:57 pm to Tiger4life306
quote:
quote:
Galaxy Premium Yield is an investment product, not a bank deposit, and is not FDIC insured.
^that is directly from the galaxy website.
Also, a 60 day notice to get your cash…
Seems like a red flag.
Posted on 3/4/26 at 9:31 pm to SidewalkTiger
quote:
Real people that have the type of money you pretend to have, aren't asking questions like this
Posted on 3/4/26 at 10:09 pm to SidewalkTiger
quote:
Real people that have the type of money you pretend to have, aren't asking questions like this.
Posted on 3/5/26 at 6:06 am to BabyTac
quote:Why?
Do I stagger dumping it in to my investment account?
Why would you stagger dumping it in to an investment account?
Dump it in a money market within your investment account.
Then deploy it as you choose, and IAW your confidence in the market.
Whether to layer it or lump it into portfolio holdings is a personal choice. If the investment seems like a 'big amount' to you, incremental deployment is probably the way to go. There are various ways to do that.
This post was edited on 3/5/26 at 6:10 am
Posted on 3/5/26 at 8:00 am to BabyTac
A frugal mindset would not allow an advisor to put you in 100 different stocks. Your advisor is likely driving a $100k truck.
Stick it all in a total stock market index, or a small number of broad indexes. S&p500 is a also a good choice for all or a significant part of your money. Your returns will be fine over the long run, without paying your advisor's truck note.
The answer to your question is guesswork. Most say time in market is better than timing the market.
Stick it all in a total stock market index, or a small number of broad indexes. S&p500 is a also a good choice for all or a significant part of your money. Your returns will be fine over the long run, without paying your advisor's truck note.
The answer to your question is guesswork. Most say time in market is better than timing the market.
Posted on 3/5/26 at 9:44 am to BabyTac
quote:"Moving out" would (or should) be structured as a transfer-in-kind. Unless EJ has you in some sort of EJ proprietary holdings (doubtful), there would be no tax consequence in the transfer. If you moved your account to another broker (full-service or discount), the broker would manage that transaction for you.
Not really happy with EJ. They gave me in 100 different stocks. Doesn’t seem like it should be that complicated, but moving out would mean a lot of tax implications? Could use some advise there too.
Posted on 3/5/26 at 9:49 am to BabyTac
quote:
Doesn’t seem like it should be that complicated, but moving out would mean a lot of tax implications?
And you expect everyone to believe the shite you spew on here
Posted on 3/5/26 at 2:58 pm to jchamil
quote:
And you expect everyone to believe the shite you spew on here
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