I've got $50k in my checking account (higher interest than

>>1283425

money market account

>>1283425
Why that much in a checking account?

I understand the S&P 500 has risks. I also understand that past results are no promise of future results. But even in a doomsday type scenario, I can't see it going down more than 30-40%.

Do you already have a lot of money parked in stocks, too?

>>1283430
I just came into it (military fag) for selling my soul for another 2 years.

I make about $2500 a month so I can't afford to lose much of anything because I'm looking for houses soon and would like to slap a fat down payment on it

>>1283430
Oh and my checking account has a .45% APY whereas my savings is like .25 or some shit, just looked I can upgrade my savings account to a "money market savings" and get .5% APY....

>>1283439
Why don't you at least use an online checking account? With ally i get 1.05%, I think others are even higher.

>>1283425
Not everyone has the kind of risk tolerance to lose 40% of there life's savings, especially for short term investments. Although I highly agree with you that some of op money should be put into the market.

>>1284177
dont listen to this retard

you can literally buy govt bonds risk free that will throw off 2.2℅ a year next to 0 fees plus cqpital appreciation/bond price appreciation

I have 30k in my account and just started buying a bunch of stock. CCE right after merger and the big loss. Hoping it goes up.

I figure why let it sit in a fucking account that gets less than 0.05 interest PER YEAR. when you can easily make or lose that in a DAY with stocks.

It's actually pretty stupid to just leave it in the bank. With just a tiny bit of research you can make money from it.

It will fluctuate. You just have to get used to that, but with good stop loss and take profit rules, you can build much more than a measly half a percent a year.

Give me a fucking break.

>>1284182
Hey would you tell me more about these gov't bonds? I've looked at some US Treasury stuff and I have a fair amount in some Vanguard bond index...but always looking for more info. thx anon

What's your time horizon? Put any money you don't need in the next 5 years in Vanguard ETFs.

Put any money you don't need for the next year in Municipal or Government bonds. Check out https://www.treasurydirect.gov .
Also look into CDs.

Move the rest of your money to an online bank like Ally where the savings accounts yield 1%.

>>1284307
And please, for the love of god, take everything out of the Vanguard bond index. In a rising interest rate environment you probably will under-perform inflation. Please put them in a vanguard S&P 500 or Total Market stock ETF.

>>1283436
>I make about $2500 a month so I can't afford to lose much of anything
That's all the military pays? Thats garbage.