MichealKnight
Full time employment: Posting here.
- Joined
- May 2, 2019
- Messages
- 520
Hello, hope most if not everyone here is healthy. Looks like my Early Retirement is coming up by Christmas this year. Partly my choice, partly my failure, partly bad luck sums it up. I am 46 years old.
Anyhow, I anticipate having at LEAST 2 years living expenses in pure cash but I was wondering how people here hold cash and still get a return on it. To use round numbers......
Expenses for year 1 would be $150k but I need to get to those funds weekly/monthly as to pay regular bills, etc. So i cant put it in a CD obviously.
1.)How do you all do this? I'd like to have the money in account that earns something - even .50% - but that I can freely write checks or withdraw from.
2.)Additional Cash would be on the side to buy the dips. Right now, if I transfer money into my online brokerage it takes 5 days to clear which would mean I'd not be able to buy stock the day I wanted to do. E-Trade has a savings account where I can move money to and from the brokerage account within seconds. But now it pays almost NOTHING.
Again - does anyone know where to park funds.....earn interest.....BUT be able t to get to the funds immediately if one wanted to buy stocks?
Thanks
Anyhow, I anticipate having at LEAST 2 years living expenses in pure cash but I was wondering how people here hold cash and still get a return on it. To use round numbers......
Expenses for year 1 would be $150k but I need to get to those funds weekly/monthly as to pay regular bills, etc. So i cant put it in a CD obviously.
1.)How do you all do this? I'd like to have the money in account that earns something - even .50% - but that I can freely write checks or withdraw from.
2.)Additional Cash would be on the side to buy the dips. Right now, if I transfer money into my online brokerage it takes 5 days to clear which would mean I'd not be able to buy stock the day I wanted to do. E-Trade has a savings account where I can move money to and from the brokerage account within seconds. But now it pays almost NOTHING.
Again - does anyone know where to park funds.....earn interest.....BUT be able t to get to the funds immediately if one wanted to buy stocks?
Thanks