I got some money in the bank sitting on an account with literally 0% interest which feels stupid, but at the same time investing in something right now also feels stupid
If you're getting 0 interest you're just letting the bank rip you off because they're just doing reverse repos at the fed or buying T bills and earning risk free 5% with your deposit and giving you nothing. You don't have to invest in anything risky, you could buy t bills from treasurydirect or you could buy an ETF like USFR that invests in short term treasuries. The only risk is that you'll have to wait 2 days for your funds to settle once you sell and transfer back to your checking account, although there are some brokerage investment accounts that give you access to a debit card that you could use like a checking account.
So we can all see the train about to derail. What can be done to safeguard against it or potentially make money from this shit?
I got some money in the bank sitting on an account with literally 0% interest which feels stupid, but at the same time investing in something right now also feels stupid
If you're getting 0 interest you're just letting the bank rip you off because they're just doing reverse repos at the fed or buying T bills and earning risk free 5% with your deposit and giving you nothing. You don't have to invest in anything risky, you could buy t bills from treasurydirect or you could buy an ETF like USFR that invests in short term treasuries. The only risk is that you'll have to wait 2 days for your funds to settle once you sell and transfer back to your checking account, although there are some brokerage investment accounts that give you access to a debit card that you could use like a checking account.
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Leave any money you don't need in a low maintenance index fund, and keep adding to it.
DOW is the safest typically.
Do your best to not be near retirement age.