Any ideas on how to invest 20k?

[Marc Globensky]

Hey everyone,

I'm an investor in real estate and some how at a loss for what to do with 20k... Lol this is more or less my emergency savings I've spent last 2 years saving and working 60 plus hours to get put up. I've recently had to pay for a prenup and minor duct work repairs and electrical repairs for one of my seven doors and planned to put that all on business credit cards to focus on building my business credit... That and the cash flows more than cover the expense. I want to put the money in a 12 months CD or stock portfolio of some kind but don't know if I want to deal with the net gain on that next year if I end up liquidating it before end of year also don't want to deal with a capital loss. Also important that I add I just got a job offer in commercial property management for a position 68k a year and I'm starting college online using my gi bill to cover all tuition and fees plus will be making 750 month just for being a student... Money is only an issue for the month of may since I just got off active army orders and am in-between active army and waiting on my start date for the new role.

what would you do? I'm curious to hear your thoughts in my shoes... I am thinking of looking into ai stocks but am also considering not even touching equities because of where this economy may go....

[Randall Alan]

@Marc Globensky

It doesn't make sense to carry a balance on your credit card if you have the money to pay for those expenses.  You can charge it to the credit card, but then pay it off with your cash. CD's are paying 5%... but online savings accounts like UFB direct are really close... currently paying 4.81apy... so I might consider a savings account if you think you might need access to the funds sooner than a year, etc.  Being that this is your emergency savings account, it really doesn't make sense to tie it up in a CD where you would pay penalties if you really needed the money.  

Randy