4 ms·
> So I just throw a huge cash pile into savings paycheck after paycheck, year after year. I hope you're generalizing here and not actually wasting your money i
by rodly 13y ago
> So I just throw a huge cash pile into savings paycheck after paycheck, year after year.
I hope you're generalizing here and not actually wasting your money in a savings account. Throw that in some IRA's, CD's, and short-term index funds.
- dyno12345 13y agoThough I have too much of it in a money market account, I was being over-general tangent: I never saw the point in CDs if I could get a better rate on treasury or muni bonds
- n72 13y agoFind CDs with a low early withdrawal penalty (Ally bank for example) and you've for many intents and purposes eliminated inflation risk, to which the bonds are vulnerable. Inflation may not go up, but it certainly can't go much farther down. See for example http://www.cbsnews.com/8301-505123_162-37741854/four-cds-that-protect-against-a-bond-bubble/?tag=mwuser http://www.cbsnews.com/8301-505123_162-37741854/four-cds-tha....
- dyno12345 13y agoSome kind of Treasuries with 0.5% APY? Why not https://personal.vanguard.com/us/funds/snapshot?FundId=0083&FundIntExt=INT#tab=1 https://personal.vanguard.com/us/funds/snapshot?FundId=0083&...