cash wise, I typically have about 40K, and the rest of it is invested. Whenever, I go over the 40K threshold, I send the excess to my brokerage account (merrill lynch) to invest.
that said, today, I went on my credit union website and noticed they have a new CD paying 4.5% interest over 12 months, which is a lick, cuz that's money I don't use that sits there. I had like 13K in that account, and I put 10K in to the CD and kept the other 3K as cash cuz I need to pay the IRS in 2 weeks from that account.
then I went to BOA, and I put 15K into their CD, which pays 3.83% over 13 months.
between those two investments, I'll make a free $1000 on money (in a year) that was gonna essentially sit in my account and do nothing. and I don't feel comfortable investing all my liquidity, so the CD's sound like a sound, no risk idea.
after that's done, I still have slightly under 15K cash, which should be plenty since I work full time and have a side hustle that's doing well, plus no debts outside of my mortgage right now.
between my investments (dividends), credit card cash back, and CD's, I should net $5000 or so this year of passive income
ya'll might not think it's a lot, but I'll take that money and continue to invest it, as it was free. the game is chess, not checkers, so I'm looking at the big picture.
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Dope thread
thank u. i've been looking for an offline non-bank way to stash my money. so far i've just been using physical bit coins but i will be diversifying with these government bars after i purchase a safe.
www.usmoneyreserve.com
