Let’s say you have your 3 to 6 months of emergency expenses sidelined in a high-yield savings account.
Beyond that, I find things become cumbersome as to what to do. A lot of people have many different goals. In this forum everyone likes to invest every additional dollar.
But, for some, it’s a down payment on a rental property, others, it’s buying land, or it may be paying off a 7% mortgage. All of these items I just mentioned could require $50-500,000 in cash quite quickly.. So, while you “wait” to find a real estate deal, do you throw your extra $200k into the markets and risk losing 20% at any moment? Or keep it in a HYSA? Is it a smart move to invest money for a questionable amount of time in the S&P? Like a buffed up savings account, just invested…?