How Can I Invest Money But Also Keep It Liquid?

How Can I Invest Money But Also Keep It Liquid?
Listen to how ordinary people built extraordinary wealth—and how you can too. You’ll learn how millionaires live on less than they make, avoid debt, invest, are disciplined and responsible! Featuring hosts from the Ramsey Network: Dave Ramsey, Ken Coleman, Christy Wright, Rachel Cruze, and John Delony.

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[Colbycrab]

I’d have 2 funds. One for short term goals, another for long term goals. The caller probably has smaller repairs/upgrades he can start saving toward in cash now, and maybe one or two larger expenses like a car or a home addition using S&P 500 funds. If he doesn’t mind waiting through a market downturn, he can do all in SP500 and just be patient.

[TheEternal]

I'd say it also kinda depends how important the timing on these things is. If he would like home improvement done in 2 years but could afford to wait an extra year or even several if it has lost value, then it's much less of a big deal.

If he prioritizes the timing, it's high yield savings. If he prioritizes return with potential to be liquid if doing well, then a mutual fund sounds reasonable.

[MillionaireMindsetClub]

You shouldn't invest money in the market that you may need for immediate expenses. The caller sounds disappointed...

[brent]

Honestly there are pretty nonvolatile stocks that pay dividends. You can get something like Coke that has been a steady rock of a stock and earn 3% in dividends.

[gerardlead]

Question: do you pause your investing to fund your sinking fund? Or which baby step is the sinking fund?

[ManlikeuYTman]

I am 21 and I have money that I dont want to invest into stocks but maybe to spend on something for building up my skill. I dont want to leave it in a checkings because there is no % on it. Savings at least 1% may be a little but it is still going up.

[devinparker]

No disrespect''' but caller should NEVER invest in anything until he educates himself more on how to do it

[cythefox]

All my goals are long-term now so I have about 45 days worth of cash set aside. Even if the markets drop 40% and crypto drops 80%, I’ll still be okay. I can access the remaining money even at a loss before the 45 days are up.

[darylbaptie]

"We're not going to go investing in some hot cryptocurrency and hope for the best here"

The caller's disappointment from this call tells me that's exactly what he'll do.

[rolfthewolf]

Stablecoins in a broker such as USDC in Blockfi will earn you 8+%, or if your savvy use a decentralized exchange and provide liquidity to yield farm 10-30%. Not FDIC insured but very low risk as long as you're using a reputable broker or dex and solid stablecoins (not usdt).

[carolynhough]

I appreciate this video
This is exactly what I need as motivation 🥰

[emarshall]

It's just been quite crazy since this Evergrande news popped up, massive selloffs. It's far too easy for investors to lose perspective. Whenever something big goes wrong, a lot of people panic and hold on to money that should be working for them. Having monitored my portfolio performance return huge six figures from the last 2 quarters, I have learned why the market will remain a money den for those who know where to look.

[saulgoodman]

You can invest in an index. The index will not lose that much in a year. Only a handful of time it lost money within a year. But 99 percent of the time, it gains.

[Chris-kqix]

To each their own, but once you’re out of debt, have an emergency fund, and are saving 15% for retirement, I see no reason why he can’t invest the money into the market. It’s a risk, but IMO it’s well worth the risk based on his situation. 🤷🏻‍♂️

[ClaxtonBay]

The only answer to this question is high-yield savings account. You can't have your cake and eat it too.

[openureyes]

I think the advice given fit the caller. Dave would have asked right away, What is your yrly income.. Could shine some light on the situation..

[an.drew_]

Half a percent? Horrible advice. You’re losing money with inflation at 2-3% every year. You’re better off throwing it in the s&p 500

[LegDayLas]

Not sure why he needs it liquid for home renovations. Those are not emergencies. Just invest into the market, If that does well in 6 month (preferably a year) then cash out for the improvement, if it does poor, stay invested and just don't do the improvement.

[videostoviews]

If he had an emergency fund, he wont need to keep the 10k liquid.

[jaredwilliams]

Put the 10K in your Cash App held in Bitcoin.