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Unlike the OP, I have no debt and $6000 in the bank. A soon-to-be grad student, I'm also looking at a pretty low income for years to come. So I'd like to be abl
by itsokintheory 15y ago
Unlike the OP, I have no debt and $6000 in the bank. A soon-to-be grad student, I'm also looking at a pretty low income for years to come. So I'd like to be able to reasonably quickly free up my assets. Is the money still best left in the bank?
- manicbovine 15y agoYes, keep it in a decent bank, and don't bother with bonds or equity. If you find some project that you're passionate about, then don't be afraid to burn through a little bit of your savings in order to learn and explore.
- JoachimSchipper 15y agoThink like this: if smart investing allows you to raise your (risk-adjusted) returns by a full percentage point - which is really good - you have earned $60/year. That's unlikely to be a good wage for the hours you need to put in. Looking at a comparison website and moving your money to an account with good interest is probably worth it, though.