Tbills, which you can buy in a Roth, and/or ETH.

Guns and ammo.

Attached File

I don't spend my year giving the feds a 10K interest free loan.  If you are suddenly interested in getting a return on that money, your priorities are misplaced.

Like a fidelity money market?

How about you stop overpaying your taxes.

If you have any debt pay it off, then put the rest to work.

I mean what else do you do?  Cash is going to take a huge inflation hit, the buying power goes down every damn day.

I don’t know what the right answer is?

I’m hoping trump gets back in and the Market goes crazy again but the flip side is biden stays and inflation gets worse.

Can you open a private health savings account?  Or does it have to be thru your employer ?

I know I know, had some tough situations last year ended up owning which was a bitch so I was too conservative and swung too far the other way

I wanted to add to one I had w a former employer, and they were fine w that, but if your employer offers HSA, then I believe it goes in pre-tax.

If you need the money for some purchase then keep in money market. Otherwise index funds

Fidelity can automatically puts your cash in money market  if you choose SPAXX which currently 4.97% yield

Damn that’s hard to beat.

What about just buying fidelity 500 or the fidelity nasdaq 100 fund?

Very much so and the stupid concept was started by dipshits that don't know shit about money.  

Send it to Fidelity, put into an Index 500 fund and forget about it.  In ten years it will be close $30K.

Depends on how old you are. I’m never going to get to retire and my wife is ten years younger than me so my kids will always have her. I’ll never make enough to set my kids up for the future. We can afford their college but that’s  15-18 years from now. I’m probably fucking it off on ammo and cool shit. Maybe put 5k on the principle of my house.

This has replaced much of my buy PMs section of my portfolio.

Since COVID we have really drawn down out expenditures.  Make your earnings go further by lowering your overhead.  

Some examples from my house has been me buying prograde barbershop tools during the COVID nonsense.  I've been around hair salons all my life from my extended family.  I already had a good idea how to do things, YT filled in the rest.  Wife liked my work on the kids so much she dumped her hairdresser for me.  Thats a few extra thousand a year for our family saved, the tools long since paid for themselves.  A bidet cut our TP usage by 2/3 again paying for itself within a year, now we are reaping those savings there too.  The pressure canner saved us cash by paying less than a store bought can, and opened up buying large amounts of food on sale and preserving it by canning it.

Second, both the tools and the skills can make you the indispensable man in your community.  Everyone needs to sleep some time.  If your neighbors know that their survival and comfort is increased by you being well and having what you have to get it done you have a sort of Mad Max insurance policy.  Someone can take the tools, but without the skill the tools have less importance in a disaster.

This part of my "portfolio" makes up about 5% of my annual income and its out performing the S&P500 significantly.

Probably the best advice so far, however, the question has not been asked- what do you wish to do with this money?  Your expectations and financial situation dictate where it should go.

says people who never had an emergency

NOT having an emergency fund, to cover loss of income due to loss of employment, is retarded.

Seems like you should have something right ?

It's really difficult to answer such questions without knowing about the individual's situation, age, station in life, etc.

Give it all to the Trump campaign

1. Pay off all toxic debt (credit cards, high interest rates).
2. NEVER carry a balance on a credit card month to month.  This is called "paying the stupid tax".
3. Build an emergency fund of 6-12 months of *expenses* and keep it liquid, such as in a High Yield Savings Account (HYSA) or Money Market Fund (MMF)
4. Contribute to your 401k up to the company match maximum.
5. Contribute to an HSA if offered up to the maximum allowed.
6. If your 401k plan allows, contribute to a Mega Backdoor Roth. https://thecollegeinvestor.com/17561/understanding-the-mega-backdoor-roth-ira
7. If you do not have access to a Mega Backdoor Roth through your 401k, contribute to a ROTH IRA (unless income ineligible, then use Backdoor Roth IRA method. https://thecollegeinvestor.com/38006/how-to-do-a-backdoor-roth-ira  
8. Go back and finish contributing to the 401k plan, up to the maximum limit ($23,000 in 2024).
9. If offered a Company Stock plan (ESPP/ESOP) that gives you shares at a discount, AND you can sell immediately upon stock purchase, contribute the maximum amount to this program and sell each time.  You should participate in this regardless of any choices or order of operations above.  This runs in parallel to everything else.
10. Open a taxable brokerage account and begin investing here, and/or real estate, and/or side business.
11. Consider funding children's college in 529 plans or taxable brokerage account, or other state advantaged options.
12. Limit the amount of vehicle debt you carry, as vehicles can be one of the biggest barriers to building wealth as people believe they derive "happiness" from getting new vehicles often.

Invest all of these in a low fee Total US Equities Market index fund (if offered) or an S&P500 index fund, to start.  
DONT TOUCH it.  Just be steady and don't change, be careful who you listen to, and don't make emotion based moves into cash because what you just "know", likely is not so.


Recommended reading:
https://www.amazon.com/Simple-Path-Wealth-financial-independence/dp/1533667926
https://www.amazon.com/dp/1119847672?tag=arfcom00-20
https://www.amazon.com/Richest-Man-Babylon-Original-Classics/dp/B0C1J5ML66
https://www.amazon.com/The-Millionaire-Next-Door-audiobook/dp/B0000547HR