Best returns

[Anonymous]

I have about 35000 in my savings account barely earning any interest. While I'd like to retain about 20000 for emergencies, what are my best return options for the 15000? The highest interest rte my bank is offering is 2% for a 72 month CD, which Im not interested in. Any ideas?

[Anonymous]

Best return option long-term is almost always a diversified equity index fund ... Vanguard total market for instance. Now seems like a volatile time to plunge the whole kit and caboodle in (impossible to tell, but the market is at all time highs and looking choppy), but you should consider a plan to add some now, a little later, and a little more later than that. Then just start adding periodically whenever you can or even better, put in whatever you can afford each month.

If I wasn't already fully invested, I'd dip my toe in w/ about 1/3 of my dry powder and put the next 1/3 in if we get a 10% pullback or in say 3-4 months (whichever comes first) and then the last third with the same general 'rule.' It's impossible to time these things, but usually it's a good idea to try and average in when the market's been up so much.

[Anonymous]

Anonymous wrote:I have about 35000 in my savings account barely earning any interest. While I'd like to retain about 20000 for emergencies, what are my best return options for the 15000? The highest interest rte my bank is offering is 2% for a 72 month CD, which Im not interested in. Any ideas?

Get an account on Betterment.com and put that "savings" money there to earn yourself some money. If you need it in an emergency you could have it within 2-3 days. You're giving up real earnings.