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What to do with extra cash?

1,320 Views | 5 Replies | Last: 5 yr ago by HalifaxAg
drewbie08
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AG
Long story short, the wife and I (mid-30s, no kids) have about 12 months of living expenses in a savings account earning 1.85%. I want to pull half of this money out and earn much more than the 1.85%. Where should I go?

We also have a healthy amount of money in USAA ETFs that have severely under-performed their 1/5/10/inception RORs since I opened those 8 months ago. The idea of paying +~1% or so for someone to manage my money doesn't really sit well with me right now. I'm interested in RE, but know very little besides the basics. Any reading material suggestions?
Señor Chang
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AG
Fidelity or Vanguard low cost index fund
The Wonderer
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AG
drewbie08 said:

Long story short, the wife and I (mid-30s, no kids) have about 12 months of living expenses in a savings account earning 1.85%. I want to pull half of this money out and earn much more than the 1.85%. Where should I go?

We also have a healthy amount of money in USAA ETFs that have severely under-performed their 1/5/10/inception RORs since I opened those 8 months ago. The idea of paying +~1% or so for someone to manage my money doesn't really sit well with me right now. I'm interested in RE, but know very little besides the basics. Any reading material suggestions?
Because the market has stagnated the last 7 or so months and wiped most ETF YTD gains out after being bullish for 14 months. Basically, your timing wasn't the best (as everyone's is in most markets).
drewbie08
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AG
Yeah, I'm fully aware of my bad timing.
2wealfth Man
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Second the low cost route.......Dan Weiner puts out an Independent Vanguard Adviser newsletter with several model portfolios. All utilize low cost Vanguard funds and are tracked monthly on their website. You will just need to re-balance periodically.
JSKolache
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AG
put half or more in Robinhood Acct - buy ETFs or whatever you want
HalifaxAg
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AG
Buy Canadian Pot Stocks! 30% bump on Canopy Growth today as they got a 2nd major investment...
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