As I am observing a consistent devaluation of the dollar, where do you think is the best place to park cash? Are HYSAs ever keeping up? We tanked so much to euro. What are you doing to preserve some value?
I’m staying invested in equities for the long term. Since I have another 25 years left to retire. That’s where I’m parking my cash.
Additional-Lychee654 on
0DTE SPY calls
MirthandMystery on
Good question. It’s a fear more have and EU equities have been one safe haven. Crypto wants your money but that’s finicky, risky, overly emotional and sentiment driven. Gold, land, bonds, art, property, and foreign currency are the usual sophisticated options if you’re savvy enough for long term holding and managing their individual complexities.
Your question doesn’t factor your appetite for risk and duration. When things hit the fan recovery isn’t always as quick as everyone assumes. Buy the dip mentality has been rewarded during stable Dem run economies but we’re in psycho times now.
Absolutely anything’s possible and a total market meltdown is possible which will be a domino effect globally and risk off, dollar crush, broad asset devaluation, job losses et c. Beyond the Covid year/s this potential chaos isn’t anything most under 40 have ever experienced or if they have, not long term. Recessions can last years- beyond this AI boom where everyone is rich, feel safe and smart.
zendaddy76 on
I’ve been using VYMI instead of sgov this year and have been very happy.
VictorDanville on
Just park it in NVDA, that’s pretty much my savings account
Any-Morning4303 on
Gold and/or silver. Got a lot of that myself.
Bajatraveler1 on
AMLP. Mid-stream ETF that pays a great dividend.
btw94 on
HYSA
ComfortableParsley83 on
SGOV
ImprovementSweaty188 on
I go with SGOV for cash I want quick access to.
mazrim00 on
I use Vanguard (VMFXX) or Fidelity (SPAXX) money market funds generally or sometimes close to NAV SPACS that have potential to pop on DA announcements.
sendCatGirlToes on
I do SGOV and PULS so I can quickly sell and buy something else if the opportunity arises. HYSA and moneymarket funds tend to take longer.
Mopartysrt1000 on
I have been buying gold, blue chip stocks and etfs…a few reits but not many. Art idk if i can swing art but i have thought about buying some valuable comic books. That last part is probably the worst advice but gold and silver have been currency forever.
Historical_Low4458 on
I-Bonds act as an inflation hedge so if inflation goes up, then the savings rate on them will go up too.
Spike-Ball on
HYSA, S&P500
SmokeyJoe2 on
T-bills. Similar rates to HYSA but no state income tax.
21 Comments
Ugl
I’m staying invested in equities for the long term. Since I have another 25 years left to retire. That’s where I’m parking my cash.
0DTE SPY calls
Good question. It’s a fear more have and EU equities have been one safe haven. Crypto wants your money but that’s finicky, risky, overly emotional and sentiment driven. Gold, land, bonds, art, property, and foreign currency are the usual sophisticated options if you’re savvy enough for long term holding and managing their individual complexities.
Your question doesn’t factor your appetite for risk and duration. When things hit the fan recovery isn’t always as quick as everyone assumes. Buy the dip mentality has been rewarded during stable Dem run economies but we’re in psycho times now.
Absolutely anything’s possible and a total market meltdown is possible which will be a domino effect globally and risk off, dollar crush, broad asset devaluation, job losses et c. Beyond the Covid year/s this potential chaos isn’t anything most under 40 have ever experienced or if they have, not long term. Recessions can last years- beyond this AI boom where everyone is rich, feel safe and smart.
I’ve been using VYMI instead of sgov this year and have been very happy.
Just park it in NVDA, that’s pretty much my savings account
Gold and/or silver. Got a lot of that myself.
AMLP. Mid-stream ETF that pays a great dividend.
HYSA
SGOV
I go with SGOV for cash I want quick access to.
I use Vanguard (VMFXX) or Fidelity (SPAXX) money market funds generally or sometimes close to NAV SPACS that have potential to pop on DA announcements.
I do SGOV and PULS so I can quickly sell and buy something else if the opportunity arises. HYSA and moneymarket funds tend to take longer.
I have been buying gold, blue chip stocks and etfs…a few reits but not many. Art idk if i can swing art but i have thought about buying some valuable comic books. That last part is probably the worst advice but gold and silver have been currency forever.
I-Bonds act as an inflation hedge so if inflation goes up, then the savings rate on them will go up too.
HYSA, S&P500
T-bills. Similar rates to HYSA but no state income tax.
xsx7
In precious metals
Yen
Rheinmetall