Hi,
I've been throwing money at a 401k since I turned 18 and, even with maxing out contributions, am not exactly where I think I should be so I'm turning my sights elsewhere, namely my rainy day fund.
I have two accounts, one for true "oh shit" moments ($10k) and the other in case I get laid off since I'm in tech ($40k). The $40k I have is in a HYSA at 3.3% that I haven't had to look at even remotely (knocking on wood).
A thread here caught my eye asking about the catch of investing in SPY and it doesn't really seem like there is one.
At this point, since I have a true emergency fund, would it be better to pull everything out of my HYSA and invest it into SPY or something else for the long-run?
To throw a little wrench into things, I also have this weird feeling that shit is **really** going to hit the fan soon here in the US economically but I've been comically wrong so far. I've been a lurker here on and off for some time and I'm well aware that trying to time the market is almost 100% of the time a losing endeavor but I'm not sure if there's anything on the horizon that might be a catalyst that I should wait for.
If I should keep it parked in a HYSA and just mess around with where my 401k is invested I'm a-okay with that, or if it would be smart to start looking at overseas Index funds I can do that too. Just not exactly sure where to go and looking for guidance.
Thanks!