I've been lucky enough to finally build up an emergency fund!!
Right now I have it sitting in my checking account at Bank of America, where it is earning an unbelievably low 0.01% APY. If I put it into an Ally account, I can get 1.45% APY. Or, alternatively, I could just put it into a low-yield index fund and get, 6% (conservatively). My line of thinking is that a common index fund from Fidelity is pretty easy to sell if needed - so is that "semi-liquid?"
So, how does this work? It seems like my emergency fund is crippling my savings to just keep in cash/savings.. Do I just keep like $10k or something in checkings and put the rest into low-risk index fund? Or at least put into Ally?
Submitted March 23, 2018 at 04:02PM by heylookchris https://ift.tt/2pwEEOr
