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I have about $2500 in a wisebanyan account and for the past several months it's been getting like 9.5-9.7% returns. I have about $7k in a Ally account and I'm wondering if it makes sense to move most of that over to wisebanyan. The returns are better, albeit there is risk, but I haven't seen less than 6% returns in almost a year. It'll take several days to withdraw money but that's the same with Ally. Any suggestions?
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>>2933740
>9.5% returns
Returns are only relevant as they relate to risk.
Forget about returns and focus on asset allocation. It will all work itself out over time.
So the real question is does it make sense to move funds from cash to equities/bonds?
If you disregard market timing, and you probably should, it might make sense to build up a cash "cushion" then put the rest into stocks/bonds. The cushion would be whatever you deem appropriate based on your personal situation. If your income is not super stable I suggest looking at the cash not as dollars, but as months of expenses
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