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What would you do with proceeds from a home sale?
Posted on 1/17/23 at 12:47 pm
Posted on 1/17/23 at 12:47 pm
Wife and I sold our home last summer and we have a couple hundred grand doing nothing in a savings account. Curious what makes the most sense. We aren’t in a big hurry to buy another home but would maybe like to keep some of it semi-liquid in case we find something. T-bills? Marcus savings? Other?
This post was edited on 1/17/23 at 12:49 pm
8
Posted on 1/17/23 at 1:06 pm to Clint Torres
I-Bonds, fully fund Roth IRAs (you can pull contributions tax/penalty free if need be), CDs. Treasuries or HYSA as you mentioned are good options low risk/low reward.
If you are willing to put on a bit of risk index ETFs in taxable brokerage or Roth IRA.
If it were me, I'd keep enough for downpayment in something stable and liquid like HYSA and the rest in index ETFs.
If you are willing to put on a bit of risk index ETFs in taxable brokerage or Roth IRA.
If it were me, I'd keep enough for downpayment in something stable and liquid like HYSA and the rest in index ETFs.
This post was edited on 1/17/23 at 1:08 pm
Posted on 1/17/23 at 1:26 pm to Clint Torres
NB4 Hookers and Blow!
Posted on 1/17/23 at 1:34 pm to Clint Torres
I mean keeping it in a high yield savings account is the safest thing and actually paying some returns now if you still need it to be liquid even just somewhat.
You can find 4% rates now and if you put $200k into that that's 8 grand a year in interest at least with the money available to you whenever you need it.
You can find 4% rates now and if you put $200k into that that's 8 grand a year in interest at least with the money available to you whenever you need it.
Posted on 1/17/23 at 1:57 pm to thunderbird1100
Money market rates are great right now. Just transferred in some excess cash from my savings acct to my brokerage acct. The current yield on Schwab’s MM fund SWVXX is 4.36%. No brainer compared to the 0.05% interest rate on my bank’s savings acct.
Posted on 1/17/23 at 2:03 pm to Clint Torres
We’re in a similar situation, except instead of purchasing we’ve been saving for a downpayment. We’ve maxed out our I-bond contribution the past few years and put the majority of the rest in t-bills, with a the remainder in a HYSA (just in case something pops up).
Had to decide if it’d hurt us worse missing out on potential gains, or losing it in the market and having to wait for it to come back up. We decided on the safest route.
Had to decide if it’d hurt us worse missing out on potential gains, or losing it in the market and having to wait for it to come back up. We decided on the safest route.
This post was edited on 1/17/23 at 2:05 pm
Posted on 1/17/23 at 2:07 pm to Clint Torres
Buy and DRS GME.
Posted on 1/18/23 at 2:48 pm to GhostOfFreedom
FNSXX Fidelity Money Market. Currently paying 4.4% - daily liquidaty. Bumps up every time the Fed raises interest rates.
Posted on 1/18/23 at 3:07 pm to Clint Torres
I'd buy SCHD and reinvest the dividends.
Posted on 1/18/23 at 3:11 pm to Clint Torres
Yolo it all into sbfm baw I think it’s fixing to pop
Last time it ran like 200 in one day
Last time it ran like 200 in one day
Posted on 1/18/23 at 9:50 pm to Clint Torres
PUT IT IN CELSIUS!
FIXED 10% RATE OF RETURN!
FIXED 10% RATE OF RETURN!
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