The only place to get a good return today is the stock market, but you need to have the tolerance for risk. If you need the liquidity in an emergency, it may take a few days to get the cash. Open up an online brokerage account, link the brokerage account to a bank account to allow timely electronic transfer of funds. That is how you get the "potential" for high returns and be as close to liquidity. The drawback is you must accept the fluctuations in the market and not panic. Time is on your side, unless you are in retirement or close to it. Don't invest in the fad stocks like google, facebook, etc, they do not pay dividends (High risk, high return). They are risky and your return is solely dependent on stock price. Don't invest in the stocks that do not increase in price, but return a dividend (Low risk, low return). You should focus on the stocks that do both, a nice dividend and constant price increase (Moderate risk, Moderate return). This is usually your balanced approach, nice dividend and some price increase.
Where to "park" your rainy fund?
- Thread starter iwire
- Start date
Help Support Professional Engineer & PE Exam Forum:
The only place to get a good return today is the stock market, but you need to have the tolerance for risk. If you need the liquidity in an emergency, it may take a few days to get the cash. Open up an online brokerage account, link the brokerage account to a bank account to allow timely electronic transfer of funds. That is how you get the "potential" for high returns and be as close to liquidity. The drawback is you must accept the fluctuations in the market and not panic. Time is on your side, unless you are in retirement or close to it. Don't invest in the fad stocks like google, facebook, etc, they do not pay dividends (High risk, high return). They are risky and your return is solely dependent on stock price. Don't invest in the stocks that do not increase in price, but return a dividend (Low risk, low return). You should focus on the stocks that do both, a nice dividend and constant price increase (Moderate risk, Moderate return). This is usually your balanced approach, nice dividend and some price increase.
BamaBino
Well-known member
snickerd3
Taking suggestions
we bought ADM stock last yr that was giving nice dividends and was relatively affordable to the avg joe. I don't have the exact details as mr snick deals with it but it was way better than interest rate on any savings account. I think the dividend were ranging btwn 20 and 40 bucks a quarter on $5k.
Wow...i was out for a few days, we are talking about building man made island and volcano!
So, what's are the good moderate risk stocks that pay out dividends? I am thinking about Corning Stock since they are big in gorilla glass and their new bendable glass willow should be out soon.
My rainy fund is very flexible. I have some extra cash laying in checking acc anyway for 2-3 months worth. So, I can afford to move the funds out and can afford to wait for a few days if I need it. At present, majority of my funds are in high yield saving 0.85%!!! lol, and some in stocks. (like 15% in stock)
ADM stock is pretty high now...almost their peak 52 weeks..have to wait for the market correction before invest
So, what's are the good moderate risk stocks that pay out dividends? I am thinking about Corning Stock since they are big in gorilla glass and their new bendable glass willow should be out soon.
My rainy fund is very flexible. I have some extra cash laying in checking acc anyway for 2-3 months worth. So, I can afford to move the funds out and can afford to wait for a few days if I need it. At present, majority of my funds are in high yield saving 0.85%!!! lol, and some in stocks. (like 15% in stock)
ADM stock is pretty high now...almost their peak 52 weeks..have to wait for the market correction before invest
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snickerd3
Taking suggestions
^That it is. Mr snick sold it and made a nice little profit. He will buy it again when the price comes down. Their stocks are very cyclic in nature.
If the worst sidetrack this topic takes is island building and volcanoes we are doing well.
I like the idea buying property in midwest...but I have a bad taste in the mouth on real estate investment...it's a like damn dead weight! Maybe in east coast...
oh the other hand, maybe I should move the fund to Cyprus bank
oh the other hand, maybe I should move the fund to Cyprus bank
snickerd3
Taking suggestions
Farm land in the midwest then? BUt then you have to deal with local farmers to farm it for you and not all of them are that generous with the crop earnings.
Dexman PE PMP
Internationally PMP'n his PE-ness
Fixt.If the worst sidetrack this topic takes is island building and volcanoes we are doing exceptionally bad for eb.com standardswell.
Capt Worley PE
Run silent, run deep
If the worst sidetrack this topic takes is island building and volcanoes we are doing well.
seeing that we're talking about money, this is entirely on topic.
Dexman PE PMP
Internationally PMP'n his PE-ness
You could always invest in boobs...
Unfortunately, once you buy one set, you can't really buy any more without losing 1/2 of what you have to the 1st set through the divorce...
Unfortunately, once you buy one set, you can't really buy any more without losing 1/2 of what you have to the 1st set through the divorce...
Judowolf PE
Well-known member
I'd make sure when you buy property it is near someone you know and trust to kind of keep an eye on it for you. I'd also check on some sort of Liability insurance, damn tresspassers get hurt on your property and somehow it is your fault...If you buy crop ground, make a contract in writing with your farmer, otherwise you may get stuck with no way of proving what your share distribution is. You can cash rent it by the acre or do it in shares with the farmer, but make sure you decide upfront what you are doing...
Judowolf PE
Well-known member
Capt, that is definitely money!
true that about farm land. There is no way i can buy something if I'm not nearby to check it out or to bring girl to impressed them! LOL
got no money, give you headache got way, don't know where to put it...!
got no money, give you headache got way, don't know where to put it...!
Judowolf PE
Well-known member
^ What if ya have an open minded spouse/GF...
Dexman PE PMP
Internationally PMP'n his PE-ness
I'd be hard pressed to invest in boobies without some sort of commitment. Those things are expensive, and even more expensive if you get divorced...
Master slacker
Something awesome.
Our 8-months of living expenses are in our savings and checking accounts. Any net income beyond this goes to IRA, student loans, or mortgage. Simple.
I'd park it in the garage if I had rainy day money. I'd make sure it was a hard top so that I could drive it on those rainy days...
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