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MyCatsNameIsMilton t1_jaarfiw wrote

Throw it in a HYSA (paying >4.25% right now) or into the market in a sp500 or whole market fund. Instant diversification. It's stupid to hold it all in a checking account when just an HYSA would be paying >$8k/yr on it.

Side note, diversify your stock portfolio unless you really believe in your company. I worked for an incredible rocketship company and one day it dropped 40%. Sucked. Took three years to make it back to even and then I dropped it in a whole market fund.

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DayShiftDave OP t1_jaas1e0 wrote

Oh, it's already dropped 40%, and it all very conveniently happened during a trading blackout window :)

What HYSAs are paying that much? I only see mid 3's

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MyCatsNameIsMilton t1_jaasfby wrote

I'm with CitiBank - I just checked and it's at 4.00%. I may have exaggerated slightly since I hadn't checked it in a while and just assumed it went up more with the last interest rate hike.

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