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Updated about 7 years ago on . Most recent reply

Security Deposit - ETF/Stock market
Hi all,
I am currently house hacking a duplex in Missouri. I am wondering if anyone has thoughts on taking a security deposit and investing it in a liquid investment (ETF or Index funds not a CD).
Thanks!
Taylor
Most Popular Reply

Don't do it. It's not your money so you don't get the dividend or interest plus you have to issue a 1099 to the tenant at year's end.
Open a free checking account exclusively for the deposit and don't touch it or co-mingle funds.