I asked this on /r/personal_finance once and got answers I thought were a bit pearl-clutchy so I'd like to ask here.
I have over 9 months worth of expenses in HYSA right now. I have no debt and I'm not married / no kids. My idea was to keep 6 months worth of expenses in the HYSA as an emergency fund, and then invest the rest.
Right now I don't have plans to buy a house or anything like that anytime soon. But I would like to make the most of the money I have saved up. I was planning on investing it in things that are typically considered low-risk, like some of the typical mutual funds.
I totally understand that there is inherent risk in investing. But I wouldn't be relying on this money for anything, and would be able to wait through market downturns etc.
Submitted August 08, 2023 at 11:33PM by Fluffy_Yesterday_468 https://ift.tt/3lHyUd2
