HYSA
BondBloxx USD High Yield Bond Sector Rotation ETF
stock NYSE ETF

for 300k in a HYSA we are talking about taxable brokerage account. so we want some tax efficiency. JEPI and JEPQ are not tax efficient. QQQI and SPYI are very similar funds but they are tax efficient. NEOS has other covered call funds all which are tax efficient you may want to substitute one of the following to ARCC is a good BDC to invest in but there are other good ones. So i invest in PBDC 9% yield which invest in 20 good BDCs. Some over good funds are ARDC 9% yield, EMO 9%, CLOZ8%These are not tax efficient but they will add income You could also look for a municipal bond fund for your stat which would produce tax free income.
If you aim for an average yeild you are likely looking at about 30K a year of income.

Just looked it up, looks like Apple HYSA offers 3.65% rate. That's actually pretty competitive: VUSXX shows 3.66%.
If you live in a state with state income tax, moving it into a treasury fund like VUSXX/FRSXX would be good and save you some tax on the interest, but looks good otherwise.

Hah, I hear ya, but don't let the lingo discourage you. Things will click into place as you read and get used to things. For what it's worth, it's worth it in $$$ to learn the basics so you can put yourself in the best position possible down the road.
It'll be TMI at first but the sub has a FAQ linked from the sidebar with some basic links and a link to https://www.reddit.com/r/investing/wiki/faq/ that has a lot of information in it (not all of it is required for you now by any stretch of the imagination). Then there are external links like this one from Fidelity: https://www.fidelity.com/learning-center/trading-investing/investing-for-beginners
Even something like Investing For Dummies could help with defining terms and getting less lingo-infused explanations.
I saw you were wary of Schwab and I don't know what they offered you but I've been with Schwab for nearly 30 years now and they've done nothing shady with me in that time. Their support has been great, actually, but firms like Schwab and Fidelity aren't hands on advisors. They help you do what you want to do but you have to know a lil' bit first, if that makes sense.
For your investment future I'd start with basic references that'll have terms and definitions. Investing for Dummies type of stuff or the FAQ type material I'm linking. There's a lot of it around. Once you know what a stock is vs bonds vs a mutual fund vs an ETF then you can start to learn about strategies which is essentially how much of each type of thing to invest in. It varies for everybody, how old they are, when they want to retire, etc.
I'd also add that when you get a handle on stocks vs bonds vs mutual funds vs ETFs (which are exchange traded funds, another type of fund, forgot to define earlier) then I'd make sure to look up the Three Fund Portfolio. It's a famous strategy in part because of it's simplicity and there are tons of references online about it. For people that are just getting into investing it's a great first stop after the basics.
On the r/personalfinance sub one of the big mantras is build up your emergency fund first (6-12 months of expenses depending on how quick you can get a new job) and once you have that start investing the rest. You may have that already but you'll want to maximize the interest you're getting on that money so check if it's in a high yield savings account (HYSA) or consider moving it to a brokerage account at Schwab where you can put it in their Money Market Fund (which gives you about the same interest rate as a HYSA).
From there you focus on setting up the IRAs (for example like a Three Fund Portfolio with the appropriate mix of ETFs for your age and risk tolerance).
Crypto I'm less educated on except if you're sitting on that much crypto you want to be sure of the tax consequences if you sell and want to use the money elsewhere. It's the "good problem to have" when you have a big gain but when it comes time to sell you want to be sure you can pay the tax bill and not get a big surprise. Generally, though, I'd imagine you can leave the crypto as your last priority for now until you get your emergency fund and IRA strategies worked out.

I know it’s FDIC insured, but there is something deeply disturbing about having $230k sitting in an Apple HYSA; but that’s just me since the only money in there is the daily cash from the Apple card.

Many low risk options out there. Money Market, HYSA, Bonds, CDs ect.

Not necessarily a red flag but why not put that HYSA in your Brokerage Money Market? Yield is likely higher plus most states you can save on your taxes due to the MM investing in US Treasury Obligations.

Hello everyone!
Yesterday I made a post about wanting to invest the 300k I have sitting in HYSA.
What are your thoughts on the below
120k JEPI
65k JEPQ
50k ARCC
45k BXSL
10k PDI
10k SGOV
300k total
I have not made any actions on the above I just want to know your opinion. Good? Bad?
Thank you all.

I’m looking for advice on how to allocate my pay.I am 19 years old I currently make about $2,600/month after taxes, though recently it’s been closer to $2,900–$3,000/month depending on hours, and my expenses are extremely low at around $300/month. I already have about $32.5k in a HYSA, no debt, and my college is fully covered through scholarships, grants, and financial aid, so I don’t need to save for tuition. I’m contributing enough to my 401k to get the match, but my Roth IRA isn’t maxed yet. Given my low expenses and solid cash position, does it make sense to max out the Roth IRA as quickly as possible and then put most of the rest into a taxable brokerage (broad index funds), or is there a reason to pace contributions differently or keep adding to HYSA? Curious if anyone sees flaws in this approach or has suggestions.

Not surprised that rental income is low in California when someone making $300K a year, with $500K sitting in a HYSA can get a rent controlled place for $2200/month.

230k in a HYSA? Do you have a specific goal in the next ~3-5yrs for all of this? If not, could this do more for you invested somewhere?

Glad it's worked out well so far! You might consider moving some percentage of the gains into total market ETFs. That way it's still growing at a decent rate (vs bonds or HYSA) and will provide some stability if your riskier investments go the other direction at some point.

Put in HYSA at least.

I know this is vague but ill try to give specifics. 35 year old single guy, ive been renting for a while in southern CA (rent controlled, $2200). I have over $500k in cash and im putting at least $100k into VT to set & forget.
Should i put more into etf’s or look into a rental property? Im single and i want to buy a house when i have a family but not sure when that will be and i need to make moves with this cash as its just been sitting in a HYSA
Income is ~$300k, should remain around there for a bit. Zero debt, no car payment, just normal daily expenses, dating, some travel.
My parents keep pushing me to get a rental partly to help lower my taxable income as im getting killed there.
Advice?

Haha to be clear, yeah, I'm not looking for deep investment advice, and I definitely won't invest without talking to a professional. More just, I was kind of loafing on my decision of what to do with the money bc I was being a bit of a commitmentphobe, and now I'm starting to think it's time to buckle down. It's in my HYSA and still regularly putting 30-40% of my income into my investments, but I was waffling between options 1 and 3 (I am far too risk averse for # 2 LOL). But I think I'm spending too much time on reddit and spiraling a bit about the future state of the economy, especially with the Powell news coming out, and now freaking out about losing a pile of cash to hyperinflation and potentially my grandma rising from the dead and murdering me for wasting the very nice gift she gave me. LOL

At any rate, your measured response is helpful. I just know myself and that I'm risk averse, so trying to learn more about what the risk averse options are. Owning something tangible is starting to look a lot more attractive (with far less of a downside since I could buy it with a very small mortgage or potentially downright). So I think you're right, this is the push I need to go talk to someone who can give me more measured advice on my options. Hope you get some input on your larger question as well :)

You would want to open a Cash Management Account in this situation. Any cash contributions are automatically held in one of the core positions. SPAXX is the primary core position for the CMA. It is a MMF that acts as a HYSA.

The rate in a money market is usually higher than a HYSA. You only pay less on state income taxes, not federal.

SPAXX 1 year yield is 3.95% but there is a 0.42% fee - can do better in HYSA

Need a bit more intel. What’s your income? Safety net? Can you afford to contribute to retirement? Max it out or just a bit? Assuming just a bit, aim to max out your Roth, have an emergency fund in a HYSA, then put anything else in a 401k.

I normally cost average my investments over long periods of time. With a chunk of money hitting all at once, I’d personally be very wary of investing it all at once right now. The market is at an all time high and currently very volatile. Personally, I’m cashing out the $150k and paying off my house. Market is fucking unreasonably high, trust in the US is low, and other countries are starting to not trust US bonds. The market would have to average over 7% for the next 3 years +++ for me to have a better outcome staying in the market, and I just do not trust that the market will do that. Plus, with a paid off house, I’ll just invest what would have been going into my mortgage (hopefully across a low market if it dips this year or next).
You have a few options:
1) Cost average invest it in the market over the next few years while keeping the “uninvested” portion in something that’ll still yield gains (HYSA, bonds, etc…). You could cost average it over different periods of time depending on your risk tolerance
2) Put it all in something safe that’ll still yield gains (HYSA, bonds, etc…), wait for a crash, and buy the entirety of the trough of the dip. IMHO, this option is gambling, nobody knows if the market will actually crash. The market is irrational right now, and nobody knows what’s coming
3) Put it into your house. This isn’t just money wasted. Decreasing or eliminating loans and debt is a wealth driver for individuals. You’re saving on your loan interest while your house gains value. And you can invest more in the market due to a decreased mortgage
Talk to a fiduciary at your bank maybe. They normally give you a free hour or something like that for recommendations. Since you’re early in your investing, I’d really recommend talking with someone professional.

Hi! I opened multiple taxable brokerage accounts with Vanguard and each one is invested in VUSXX. I’m treating them HYSAs, and I contribute monthly to them. As I understand it, the tax liability is advantageous over an actual HYSA, since VUSXX has government interest income (therefore the tax liability will be less than if I were using HYSAs). Anyway, can anyone point out potential downsides to me? Also a rep from Vanguard has been calling and emailing to “discuss investment goals and strategies” and I’m putting off responding because I’m worried they’ll tell me to knock it off. TIA!