How to invest 10k while maintaining liquidity

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1

Let’s just say I have 10k cash laying around. 2.6% interest on a online savings account just doesn’t work out too well. I’d like to keep this money liquid, so I can have access to it within 5 days notice. I’d like to put it into an investment account and let someone manage it. Who do I talk to?

What can I do?

2

no… cannot do without high risk. otherwise everybody would already do abc instead of your standard high interest savings account. so you have two choices, long term or high risk.

3

online savings account, money market, mutual funds, thats your options pretty much. If you want to sit down with me, shoot me a pm.

4

Do you suggest maxing out your 401K for long term savings or developing your own portfolio? Another thought, maxing out the 401K and developing a portfolio…

How heavy are you into this?

5

invest the majority and leave some rainy day money in your online savings acount. BOA is advertising a 5 year risk free CD

6

the classic rule of thumb is:

  1. put into 401K until full match is archived
  2. contribute to IRA until maxed out (because you have tons more options and less drama when you switch employer)
  3. if anything is left go back to the 401K

only you and your needs can determine how much you should put towards retirement vs. investing for any other goals including general wealth.

7

Casino… triple it

8

yayo

9

forgo the liquidity and give it to Joe to manage.

10

Drugs

11

If you own a house you can dump it into principal and when you need cash take out an equity line of credit against it. 5 day… damn some online savings accounts can’t get you your money that quick.

12

I need a IRA what is the best out there? I would try maxing out the 401K and roth as it is 16,500 / 5000 a year right?

13

No such thing as “Best”. What do you want to do: day trade stocks, option or you just want to pick some mutual funds and forget it?

14

if your employer matches 5% be sure to put atleast 5% in because if not your leaving money on the table, if you want to talk more about it, shoot me a pm. Everybody is different, there is no one way plan for getting to retirement and/or achieving a financial goal.

15

HOOKERS AND BLOW

16

Yes

Yes

No love for me? I see how it is.

Yes

17

Ok you can use drew too.

18

Give it to Joe for a week and have 15!!!

19

shoulda bought gold on ebay when the live discount was going on… then sold the gold to a local dealer… some peopla made 40% on that in 2 days

20

^^
that’s genius.