Let's say you had a 100k that you don't need access to for 12-months.
5% APY CD? Or is there a better option?
5% APY CD? Or is there a better option?
Post Reply
1 of 1
100k - short term savings
4,257 Views |
21 Replies |
Last: 3 mo ago by EliteZags
Bitcoin - no sarcasm.
Boston Celtics to win their division -170
FSIXX, 5.2%, totally liquid.
94chem,
That, sir, was the greatest post in the history of TexAgs. I salute you. -- Dough
That, sir, was the greatest post in the history of TexAgs. I salute you. -- Dough
Put 25% in Apple. Keep it 366 days to get your LT gains rate, or sell it as soon as you hit 10%.
And you will.
And you will.
If you will need all of the principal in 12-months, the cd is probably the best option. Money market rates will begin to drop as the fed lowers rates. If you can get 5% fixed for 1-yr I would do it.
You can get 7.2% yield from EPD stock. K-1s can be a bit of a pain, so you have to make sure the extra 2% is worth your trouble. If someone else does your taxes, you might speak to them briefly about K-1s before you pull the trigger.
Good advice, he would only be down 10% today.aunuwyn08 said:
Bitcoin - no sarcasm.
Ag CPA said:Good advice, he would only be down 10% today.aunuwyn08 said:
Bitcoin - no sarcasm.
The time horizon is 12 months not 24 hours.
First question is why you need to access it in 12 months and what is it for? That type of liquidity analysis will drive what you do IMO.
Edit to also ask whether this is truly surplus cash or part of your emergency savings. Ties to the liquidity issue
Edit to also ask whether this is truly surplus cash or part of your emergency savings. Ties to the liquidity issue
Don't care, you shouldn't be putting your cash into anything that that volatile if you may need it in 12 months.aunuwyn08 said:Ag CPA said:Good advice, he would only be down 10% today.aunuwyn08 said:
Bitcoin - no sarcasm.
The time horizon is 12 months not 24 hours.
And Bitcoin is a scam regardless.
Fireman said:
You can get 7.2% yield from EPD stock. K-1s can be a bit of a pain, so you have to make sure the extra 2% is worth your trouble. If someone else does your taxes, you might speak to them briefly about K-1s before you pull the trigger.
This, or ET. K-1 is not an issue. These are MLPs that offer big tax advantages.
Owned EPD since '02, never disappointed on the distribution from them, or ET.
Ronnie '88
You got that right. I am convinced it is a ploy by China to destroy/deplete our natural resources. Burning energy to mine this BS. It's really unreal.Quote:
And Bitcoin is a scam regardless.
putting short term savings in bitcoin is a bad idea, but it is on a very short list of things that are actually not a scam at the moment.
I'll preface this by saying I have no investments in BTC or any other cryptocurrency but I have read a book and a few articles about it. It seems like a legitimate hedge against MMP and unfettered government spending and fiat currencies. My hesitancy has been that I don't think the governments will be able to keep their greedy fingers out of it and they will screw it up by design.
What makes you say it's a scam?
What makes you say it's a scam?
Bitcoin is not a scam. While there is some relative volatility, the thesis is concrete.
I recommend reading the bitcoin standard, then listening to a few Michael Saylor talks.
Look through a few of these charts https://charts.bitbo.io/rainbow/
We are in a fantastic buying opportunity for BTC right after the recent halving. The bull run should be anywhere from 6-8 months away. Great way to flip your $100k
"You get Bitcoin at the price you deserve...."
I recommend reading the bitcoin standard, then listening to a few Michael Saylor talks.
Look through a few of these charts https://charts.bitbo.io/rainbow/
We are in a fantastic buying opportunity for BTC right after the recent halving. The bull run should be anywhere from 6-8 months away. Great way to flip your $100k
"You get Bitcoin at the price you deserve...."
It's the people who haven't studied it that think it's a scam. They will come around eventually.halfastros81 said:
I'll preface this by saying I have no investments in BTC or any other cryptocurrency but I have read a book and a few articles about it. It seems like a legitimate hedge against MMP and unfettered government spending and fiat currencies. My hesitancy has been that I don't think the governments will be able to keep their greedy fingers out of it and they will screw it up by design.
What makes you say it's a scam?
Probably correct but this guy came out pretty strong in saying it's a scam . I'd like to know why. If he has good reasoning then let's hear it . If not, just say you really don't know or don't say anything at all but it's too late for that.
That y axis, what are those units? Can't quite see it too well.donkeykick90 said:
Bitcoin is not a scam. While there is some relative volatility, the thesis is concrete.
I recommend reading the bitcoin standard, then listening to a few Michael Saylor talks.
Look through a few of these charts https://charts.bitbo.io/rainbow/
We are in a fantastic buying opportunity for BTC right after the recent halving. The bull run should be anywhere from 6-8 months away. Great way to flip your $100k
"You get Bitcoin at the price you deserve...."
94chem,
That, sir, was the greatest post in the history of TexAgs. I salute you. -- Dough
That, sir, was the greatest post in the history of TexAgs. I salute you. -- Dough
94chem said:That y axis, what are those units? Can't quite see it too well.donkeykick90 said:
Bitcoin is not a scam. While there is some relative volatility, the thesis is concrete.
I recommend reading the bitcoin standard, then listening to a few Michael Saylor talks.
Look through a few of these charts https://charts.bitbo.io/rainbow/
We are in a fantastic buying opportunity for BTC right after the recent halving. The bull run should be anywhere from 6-8 months away. Great way to flip your $100k
"You get Bitcoin at the price you deserve...."
Y axis is USD on a log scale.
Click the link in order to study the graph.
Clear Eyes. Full Heart. Might Lose
Thanks. So...Is it currency speculation with something that can't be used as legal tender? Or is it commodity speculation with something that is not made of matter?donkeykick90 said:94chem said:That y axis, what are those units? Can't quite see it too well.donkeykick90 said:
Bitcoin is not a scam. While there is some relative volatility, the thesis is concrete.
I recommend reading the bitcoin standard, then listening to a few Michael Saylor talks.
Look through a few of these charts https://charts.bitbo.io/rainbow/
We are in a fantastic buying opportunity for BTC right after the recent halving. The bull run should be anywhere from 6-8 months away. Great way to flip your $100k
"You get Bitcoin at the price you deserve...."
Y axis is USD on a log scale.
Click the link in order to study the graph.
Wheels? You out there?
94chem,
That, sir, was the greatest post in the history of TexAgs. I salute you. -- Dough
That, sir, was the greatest post in the history of TexAgs. I salute you. -- Dough
Bunk Moreland
So texas is getting in the playoff no matter what right?
in Billy Liucci's TexAgs Premium
24