What are you doing with cash right now?

Water Cooler
#1

My assets are like this:

Stocks/cash/checking: $65k

soon I’ll have another $140K coming my way because I cash out refinanced my house. This money is to pay for my garage and home improvements - not mushrooms…

But, shouldn’t I just hold on to the cash for a little while?

Would you guys be doing construction at costs that are where they are right now? Or would you be waiting…

I feel like the decimals about to get moved, so I kinda want the cash honestly.

#2

I’d wait and see what the Fall looks like before doing a reno. August in our neck of the woods is cooling off slightly, real estate-wise. Is it a trend or just everyone is on vacation etc? Dunno yet. But maybe in the Fall things can be better priced, contractor-wise.

#3

Sweet. More yolo trading.

2 Likes
#4

if construction is not time sensitive (such as for selling the property), I would wait until things have slowed down

#5

Where to park cash though? Just copy the fed and buy MBS?

#6

i got abnout 100k cash rn with 50k in a roth, 36k in a brokerage, 18k in cash. just does nothing. cant deploy in illiquid investment cuz im concerned i wont get 1% rates for student loans next year.also liquid alternatives are ■■■■.

#7

I keep my cash that I expect to need in the next ~12 months in IGSB. I doubt there is a right answer.

#8

i just bought another 10k of chinese stocks. lol. what am i doing with my life.

#9

I think I’m just going buy enough equity futures with the cash to get me 3 times exposure to the S&P and continuously roll puts on it with the difference.

Because if GS is right and we’re headed to 4,700 by EoY then that’s close to 300 points I could line my pockets with.

#10

I’m paying bills. :man_shrugging:

#11

securities-based line of credit. Invest while you invest in your home. Best of both worlds.

#12

You reckon I can convince one of these BSD fund managers to take me to lunch in return for a $140k investment to their model?

I’m just joking. Would never pay one of these mouth breathers 40 bps for their model. I’d open up my laptop and steal it.

#13

Private credit. I’ve been putting some of my cash into Groundfloor, where you loan $$ to house-flippers to fund their projects. Duration generally around 6 months, yields pretty good.

1 Like
#14

That’s pretty cool!

#15

You need to send these people my way ASAP

#16

I have a good lender for 75% of house flipping money, up to 9 homes at a time, so if Groundfloor can front you the other 25% lets make you a local tycoon using this… combined with the 1031 exchange’s ability to avoid paying cap gains at flips while multiplying properties👍

#17

Ive checked on some ground floor properties in person. The listing can be very charitable. I personally am ending my ground floor involvement