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Joined 1 year ago
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Cake day: June 14th, 2023

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  • While interest rates stay high, so will returns on money market fund investments. A simple investment account (likely available from your current bank) with everything put into a good MMF should bring 4+% right now, and is less likely to have withdrawal frequency limits and definitely won’t have a term length like CDs.

    At Chase, they’ve got a solid MMF option that’s been over 4% for a few months and has same day liquidity, meaning it’s basically cash even though it’s getting interest. I think it’s the lowest risk, highest convenience option currently.


  • A big part of that decision is honestly that we live in a very old house, and a few times we have needed to buy new appliances or pay $10k+ in a ≤24hr. emergency, so we try to keep roughly that amount as liquid as possible. Since that’s earning zero and the MMF is nearly as liquid as savings, we just keep all the rest in the higher-interest options, and none at all in a traditional savings account. It’s just been the most convenient and highest yield, lowest risk, most easily liquidated option, with the ease of liquidity cutting minimally into returns while MMF rates are so high.


  • I personally keep like 4 weeks cash in a checking account, some traditionally invested that I don’t plan to touch for many years, and everything else (12+ months at this point) in an investment account at the same bank as my checking, but exclusively invested in a money market fund with same day liquidity. MMFs are earning around 4+% while fed interest rates are so high, and being able to sell and transfer to my checking in a single day feels like it’s basically liquid already.

    Since that’s the case, I don’t want any more than necessary sitting in an account earning 1% or less, just doesn’t feel like that much of a difference between investments that can be liquid in 2 hours vs. savings, but my bank is great about quick investment selling and transferring.








  • You gotta read the room and understand the context. Someone brings up a thought/question casually on lemmy, it’s gonna make you sound super self-impressed and generally naive to respond as though you’re the one who (or anyone at all) is going to get that thread to a global solution for an incredibly difficult issue that people are already working on. Everyone is just spitballing for fun and curious if any novel thoughts will get tossed around in a thread, so when you reapond to someone highlighting an issue by saying “okay, so what’s the solution” as though people aren’t already thinking of that or wouldn’t have included it in the comment if there was one, it isn’t productive, it ignores the intention of the comment, and it makes you sound like the crappy boss in a bad movie. What is expected? Someone to say, “The solution? I hadn’t thought about that! The whole thing is cracked! Invaluable contribution!” In the end, there’s just a huge difference between saying something like “That’s interesting, I wonder what the biggest obstacles are” and “Okay, I approve of your thoughts, and I know thats important to everyone, but they are incomplete, which you likely didn’t notice. Let me help you with the next step by asking, what’s the next step, which, beside offering great insight, is surely the type of conversation you were looking for in this thread.”