All Forum Posts by: Jesse M.

I was born and raised in West Philadelphia but unfortunately spent most of my days on the playground. Y'know, chillin out, relaxin and shootin b-ball outside of the school. Some guys started making trouble in the neighborhood so my mom sent me out west to Bel Air. Sorry I couldn't be of more help.

1 Vote

Philadelphia, Pennsylvania

I've been using Treasury Bills for this. Very easy 2%.

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Thanks for all the replies. This thread gave me tons of opportunities for digging. If anyone's curious where I ended up, I'm taking half the funds and investing in treasury bills, specifically the 4 week maturity bills. I'll be scaling in every auction because the rates have been rising each auction and I want to play around a bit with the interface and get a feel for how it works. Once I get the hang of it, I'll grab bigger chunks. The other half of the funds will be used in more fun (read : risky) investments. Cheers.

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Originally posted by @Account Closed:

@Jesse M.

Short term hard money loans to other REI investors. If you have +100K. Easy 1% interest (1000$) per month in passive income.

Interesting but seems like more work managing than I want.

1 Vote

Originally posted by @Anthony Wick:

You didn't mention risk factor. After the cash/reserve accounts at my credit union, I keep most of my money in a Vanguard ETF Brokerage account. No, it is not risk free. Yes, it has been doing quite well. Vanguard has many funds depending on your risk level, and low fees. My particular fund is earning about 9% over the past 5 years, and is a "medium risk" fund. When I pulled money from it this year to buy a duplex, it took 48 hours for the money to be direct deposited into my bank account. You obviously pay taxes on the gains that you withdraw.

Low risk preferred. I love Vanguard products but (1) I'm looking for relatively short term and (2) I'm wanting to use this cash in a downturn, which, if that happens, bye bye cash.

1 Vote

Originally posted by @Alexander Felice:

Ally savings account is 1.85%

pretty hard to beat compared to Tbills and perfectly liquid

Thanks for the suggestions everyone. I think I may go the Ally route. My issue with paying down my mortgage and using HELOC or similar is, as suggested, depreciation of my primary during a downfall, which is exactly when I want to put this money to work.

Cheers.

1 Vote

Howdy. I'm looking for recommendations on which vehicle I should use to stash some funds to be used at a later time. Let's say it's more than 10k but less than 200k. A friend suggested municipal bonds but I'm not sure I'm interested in that. My CPA recommended treasury bills. My intention is to keep these funds somewhere liquid so I can pull in 1-3 years for real estate purchases. Liquid is key. I'm waiting for the eventual correction fire sales.

2 Votes

All Forum Posts by: Jesse M.

Jesse M. has started 6 posts and replied 59 times.

Post: Would you partner with this investor? I’m nervous.

Post: To get a security deposit or not?

Post: 81-unit Multifamily Portfolio in Tampa Under Contract!

Post: How safe is a West Philly Bet?

Post: Where are you storing accumulated capital until next investment

Post: Where to stash cash for short term?

Post: Where to stash cash for short term?

Post: Where to stash cash for short term?

Post: Where to stash cash for short term?

Post: Where to stash cash for short term?