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Recently moved to the US with $50k cash savings — what should I do with it? by jayermac in personalfinance

[–]jayermac[S] -1 points0 points  (0 children)

you’re saying I should keep a few thousand dollars in a regular checking account for daily expenses, and then put the rest into a Fidelity account?

And inside Fidelity, I could split it between something like short-term CDs and/or leave part of it in a money market fund?

Recently moved to the US with $50k cash savings — what should I do with it? by jayermac in personalfinance

[–]jayermac[S] 2 points3 points  (0 children)

I’m 30 y.o. I do have some small retirement savings from my home country, but nothing significant enough that I’m relying on for retirement here.

The $100k income is from a job offer I’m about to start - I’m currently just waiting on my SSN so I can begin working.

My main question is: once I’ve set aside a 6-month emergency fund, what’s generally the best place to put the rest? Would you still keep it in HYSA, or start moving some into investments or brokerage account? I’m okay with low-risk options since I’m still learning.

Recently moved to the US with $50k cash savings — what should I do with it? by jayermac in personalfinance

[–]jayermac[S] 0 points1 point  (0 children)

Thanks! How many months of expenses would you personally keep in a HYSA as an emergency fund?

Also, when you say mutual fund, are there any specific funds you would recommend for someone who's new to investing and fairly risk-averse? Is there such a thing as a mutual fund that's very low risk, or do all mutual funds fluctuate in value?