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Where to park 15-20k that could still be somewhat accessible/liquid
Posted on 11/16/21 at 5:59 am
Posted on 11/16/21 at 5:59 am
Looking to do something with about 15-20k, maybe even 25k to get a little growth, but would like something relatively liquid, as in don’t want long term bonds or anything like that. This is not money I’m interested in putting in my Roth, as I’d like to to be somewhat accessible if the need arises.
Posted on 11/16/21 at 6:08 am to gsvar2004
Put it in an envelope and put it in your freezer.
Posted on 11/16/21 at 7:45 am to gsvar2004
Open up a Voyager account at investvoyager.com and put it all in USDC to collect 9% interest.
This post was edited on 11/16/21 at 3:25 pm
Posted on 11/16/21 at 8:11 am to gsvar2004
quote:
as I’d like to to be somewhat accessible if the need arises.
Sounds like you could need this money at any time? If this is your emergency fund then just keep it in savings
Posted on 11/16/21 at 8:19 am to SuddenJerk
What’s the counter-party risk look like on that trade?
Posted on 11/16/21 at 8:44 am to gsvar2004
Put it on Bitcoin right now
Posted on 11/16/21 at 8:47 am to gsvar2004
stable coins if mid/high iq
precious metals, bonds if low iq
precious metals, bonds if low iq
Posted on 11/16/21 at 9:17 am to UltimaParadox
quote:
Sounds like you could need this money at any time? If this is your emergency fund then just keep it in savings
nah this is on top of the emergency fund
Posted on 11/16/21 at 9:36 am to gsvar2004
I put mine like this in Robinhood, you've then got quick access to trade, earn a little interest, and have checking debit card access if needed
Posted on 11/16/21 at 11:01 am to gsvar2004
Park it in the Sofi invest app, buy SPY.
Posted on 11/16/21 at 11:39 am to gsvar2004
Stablecoin on an exchange that has good rates.
Posted on 11/16/21 at 11:42 am to BottomlandBrew
2nd USDC on voyager. Stable coin with 9% interest
Posted on 11/16/21 at 11:55 am to wutangfinancial
quote:
What’s the counter-party risk look like on that trade?
If you believe in crypto at all then basically zero risk for the second most widely used stable coin in the world. Steve Ehrlich the founder and CEO of Voyager was the CEO of ETrade which in and of itself should be reason enough to feel secure about parking your money there.
Posted on 11/16/21 at 12:01 pm to gsvar2004
You can send it to my bank acct I’ll hold it for you baw
Posted on 11/16/21 at 12:44 pm to SuddenJerk
quote:
If you believe in crypto at all then basically zero risk for the second most widely used stable coin in the world
No offense, but that’s not an answer to my question it’s a statement of faith. Is there no literature on the counter parties? How they’re capitalized? What and how they’re lending? How it unwinds in a deleveraging etc…
Posted on 11/16/21 at 1:23 pm to wutangfinancial
quote:
No offense, but that’s not an answer to my question it’s a statement of faith. Is there no literature on the counter parties? How they’re capitalized? What and how they’re lending? How it unwinds in a deleveraging etc…
No offense man, but you can google all of that just as I would. I’m sure you can find all of the answers to your questions in any of these articles along with a semblance of faith.
Invest Voyager
Yahoo Finance
Posted on 11/16/21 at 2:03 pm to SuddenJerk
You think there's zero risk in a sub-$3B crypto exchange trading OTC for 7 months during a huge bull market in all financial assets
You cryptobros really need to chill on your risk assesments. It's become a such a deranged narrative.
You cryptobros really need to chill on your risk assesments. It's become a such a deranged narrative.
Posted on 11/16/21 at 2:12 pm to wutangfinancial
quote:
You think there's zero risk in a sub-$3B crypto exchange trading OTC for 7 months during a huge bull market in all financial assets You cryptobros really need to chill on your risk assesments. It's become a such a deranged narrative.
We’ve found the banker baws! You didn’t take the time to read anything that I linked for you did you? If you think crypto is going to crumble and fade away I don’t know what to tell you except being smug doesn’t help anyone here.
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