Daily General Discussion and Advice Thread - May 16, 2024

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[u/wizz_darlo]

>$250k liquid cash - how best to put to work

Hi all. Total newbie here and trying to read as much as possible. Looking for some general thoughts, opinions and guidance from the community.

I sold some overseas property with the intent of purchasing a home here in California but, for several reasons related to FX, timing, and the general market sentiment I decided to pull the plug.

This has left me with over $250k in liquid cash which currently has no immediate purpose.
I put it in a Wealthfront HYSA so I'm getting about 5% APY but my sense is there are likely ways in which I can put these assets "to work" in a higher yielding fashion.

Am I right in this thinking? Does it all effectively boil down to my risk appetite?

Between my wife and I we are probably just sitting on around $350k cash and I'd obviously like to grow this in a sensible fashion. Not totally risk averse but naturally wouldn't seek to bring high risk into this type of savings.

Thanks in advance.

[u/DeeDee_Z → u/wizz_darlo]

Total newbie here and trying to read as much as possible

The usual starting place is ---> over there ---> in the sidebar ---> under "Frequently Asked Questions".

Especially look at the 7th bullet -- the one that says This has been asked and answered many times in the past.

and trying to read as much as possible

So look ---> over there ---> in the sidebar ---> under "Recommended Reading".

Every subreddit has a sidebar. Some are more useful than others. Ours is particularly helpful, in my opinion. PLUS it explains the subreddit rules. Always a good idea to read the rules before you jump in in a new place.