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Originally Posted by myselff77
Out of curiosity, where would you put your emergency fund? I have money set in an HSA to cover any medical emergency, but want to have another 5-10k set aside for any other emergency that might pop up. Would be nice to get some return on it over sitting in a savings account.
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Quote:
Originally Posted by Buehler445
Savings Account.
You don't want that kind of thing having stock exposure. If you insist on sticking it in an investment account, I wouldn't go any narrower than SPY.
Potentially you could look into a bond fund. VBTLX is Vanguard's Bond Index Fund. Bonds could potentially be a play, they're not going to get much lower, as interest pretty much cannot get lower, and if interest rates rise, so should it.
Still, Savings Account.
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Yup, same advice you’ll get from me. Needs to be super safe and accessible at ANY time without risk of declining value.
I have 6 months (some say this excessive) of expenses sitting in emergency savings. Came in handy this year when we could pay in cash an unexpected need of getting a new roof and AC units. Working on building it back up now too.
It’s boring in a savings account but it’s for emergencies, play it safe.