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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 by gsvar2004
Member since Nov 2007
7954 posts
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 by Seuqnoc
Lafayette
Member since Jul 2020
562 posts
Posted on 11/16/21 at 6:08 am to
Put it in an envelope and put it in your freezer.
Posted by SuddenJerk
Member since Oct 2017
728 posts
Posted on 11/16/21 at 7:45 am to
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 by el Gaucho
He/They
Member since Dec 2010
52996 posts
Posted on 11/16/21 at 7:46 am to
Whsi
Posted by UltimaParadox
Huntsville
Member since Nov 2008
40858 posts
Posted on 11/16/21 at 8:11 am to
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 by wutangfinancial
Treasure Valley
Member since Sep 2015
11102 posts
Posted on 11/16/21 at 8:19 am to
What’s the counter-party risk look like on that trade?
Posted by Ron Cheramie
The Cajun Hedgehog
Member since Aug 2016
5142 posts
Posted on 11/16/21 at 8:44 am to
Put it on Bitcoin right now
Posted by rocket31
Member since Jan 2008
41819 posts
Posted on 11/16/21 at 8:47 am to
stable coins if mid/high iq

precious metals, bonds if low iq
Posted by gsvar2004
Member since Nov 2007
7954 posts
Posted on 11/16/21 at 9:17 am to
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 by oklahogjr
Gold Membership
Member since Jan 2010
36761 posts
Posted on 11/16/21 at 9:36 am to
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 by CarRamrod
Spurbury, VT
Member since Dec 2006
57442 posts
Posted on 11/16/21 at 10:33 am to
Robinhood sucks.
Posted by Box Geauxrilla
Member since Jun 2013
19118 posts
Posted on 11/16/21 at 11:01 am to
Park it in the Sofi invest app, buy SPY.
Posted by BottomlandBrew
Member since Aug 2010
27098 posts
Posted on 11/16/21 at 11:39 am to
Stablecoin on an exchange that has good rates.
Posted by SkinnyTestaverde
Fort Lauderdale
Member since Dec 2009
401 posts
Posted on 11/16/21 at 11:42 am to
2nd USDC on voyager. Stable coin with 9% interest
Posted by SuddenJerk
Member since Oct 2017
728 posts
Posted on 11/16/21 at 11:55 am to
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 by deltaland
Member since Mar 2011
90617 posts
Posted on 11/16/21 at 12:01 pm to
You can send it to my bank acct I’ll hold it for you baw
Posted by wutangfinancial
Treasure Valley
Member since Sep 2015
11102 posts
Posted on 11/16/21 at 12:44 pm to
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 by SuddenJerk
Member since Oct 2017
728 posts
Posted on 11/16/21 at 1:23 pm to
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 by wutangfinancial
Treasure Valley
Member since Sep 2015
11102 posts
Posted on 11/16/21 at 2:03 pm to
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.
Posted by SuddenJerk
Member since Oct 2017
728 posts
Posted on 11/16/21 at 2:12 pm to
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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