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Best way for my money to make money and be accessible

Thread in 'Finance / Investing' started by Twiztid, Apr 30, 2019.

  1. Twiztid

    Twiztid ODT Junkie! Supporter

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    Hey guys, so I've finally paid off my credit cards and have some money to put away. Need your help on a hypothetical situation.

    While being paranoid and not giving you real amounts.Let's say I have $40,000 to invest/ put away but I want at least $20,000 to be accessible as a just in case fund and the other $20,000 can be slightly less accessible.

    *I don't want to chance losing money
    *I want a high intrest account

    I'm thinking a platinum money market currently. What would you guys do?

    Little bit of background: 29, have a 457 pension, my wife has one of her own too. Both of us work in the public sector.
    Sent from my SM-G965U using Tapatalk
     
  2. StuP

    StuP The Hen that laid the Golden Legos Supporter

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    In. Difficult to find much of a return in that scenario at the moment.
     
    jeep78 and Twiztid like this.
  3. fast306stang

    fast306stang The Hen that laid the Golden Legos Supporter

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    *I don't want to chance losing money
    *I want a high intrest account

    If it was that easy, everybody would be doing it.



    That being said, buy some stocks or money market account type stuff. DWCPF is making almost 20% YTD. SPX is making about 18%. SPX follows the S&P 500, DWCPF is Dow Jones U.S. Completion Total Stock Market Index
     
  4. Twiztid

    Twiztid ODT Junkie! Supporter

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    My thoughts as well. This is more to get another opinion to show my wife. We've talked to an accountant who suggested the money market route to us.

    I figured to get a good return we'd have to risk some. She wants to risk 0, I'm willing to put half out there.
     
  5. Ghost941

    Ghost941 The Hen that laid the Golden Legos

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    Midget hookers. Low overhead, high returns.
     
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  6. Twiztid

    Twiztid ODT Junkie! Supporter

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  7. fast306stang

    fast306stang The Hen that laid the Golden Legos Supporter

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    Low overhead! LMAO
     
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  8. Trailrider

    Trailrider The Hen that laid the Golden Legos Supporter

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    This. Anything short term, high gains, and easily accessible is going to be higher risk. I'd take this advice. Otherwise you're just gambling.
     
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  9. keith089

    keith089 Charlie17 Supporter

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  10. fast306stang

    fast306stang The Hen that laid the Golden Legos Supporter

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    To be fair, I lost money last year in those I mentioned. However this year has more than made up for it. Which is a long way of saying, the market is a long game strategy. JMO.
     
    Bennyboy, lostchild and Twiztid like this.