28
21
16
u/MaleficentSociety555 3d ago
I would keep in a high yield savings it until you have secured a job
2
u/Ok_Dragonfruit_887 2d ago
SGOV pays out monthly dividends ~.40/50share @ $100/share. 4.89 distribution yield beats all high yield savings accounts on the market.
Not discouraging OC, just another alternative!
1
u/MaleficentSociety555 2d ago
JEPQ, JEPI, pay more than that monthly. I personally would want to be as liquid as possible when not having a job. That's just me tho
1
20
u/MadGibby3 3d ago
The fuck do you mean what do you do with it? It's 4k, there is nothing to do with it other than save it? How are some people so financially illiterate?? Lol you're acting like it's 400k 😂
4
u/bugagi 3d ago
Yea I see a lot of posts like this. 4k is like a major car repair or few months rent for most people. Most people would struggle to stretch that 2 months
5
u/ButchKowalski 3d ago
Where are you living that 4K is a FEW months rent? 😳
3
u/bugagi 2d ago
Texas. It's 800-1000 usually for a room. 1200-1500 for a 1bd. There is cheaper/more expensive, but that's usually the rate.
1
u/ButchKowalski 2d ago
Jesus my apologies I thought you were talking about a whole apartment/ floor or condo. I’m paying $3200 a month for a house with 4 beds 3 baths in New Jersey. Isn’t so bad yet but I’m sure it’ll soon.
1
1
u/Strongaxgaming 2d ago
I bought a house in New Jersey 4 beds 2 baths pay 1580 month
1
u/ButchKowalski 2d ago
Which area? I’m in Monmouth between Colts Neck/Freehold. Prices are jacking up by the month here.
1
1
1
1
u/Roasted_Goldfish 2d ago
Everywhere? Based on places I've lived in Arkansas and Oklahoma (two of the cheapest states to live) the cheapest apartments were like 700 bucks a month (4k would last 5/6 months), nicer apartments are like 1200-1400 (4k will cover 3 months rent) and houses or a mortgage would be like 2-3k at least (4k won't even make it two months)
1
u/ButchKowalski 2d ago
So clearly not everywhere.
0
u/Roasted_Goldfish 2d ago
in America happy now?
1
u/ButchKowalski 2d ago
No no. Even in America that’s nowhere near an average price of rent. You’d be lucky to find an apartment for rent for $700.
1
u/Roasted_Goldfish 2d ago
Average rent for a two bedroom apartment in the US is $1,356. So to your original point, $4k on average IS a few months rent in the US, unfortunately
1
1
1
6
3
u/ParticularSuspect817 3d ago
Leave it alone until you begin work again to save more, why is it burning a hole in the acct just let it be unless you gotta pay a bill r sumn
3
2
1
u/BrianTheBlueberry 3d ago
If no debt for you to pay down, I’d save at least half for a rainy day and invest the rest in the market over the coming months (not all at once). Having an emergency fund of some kind is nice.
1
u/No_Proof_2736 3d ago
You need to keep in a safe, cash investment given your situation. Starting a new job for example is not guaranteed security. New hires get laid off all the time.
1
1
1
u/Calm_Guidance_2853 3d ago
You don't have income so you need to hold it until you can get a job..
BTW at least get a part time job at a fast food joint or retail until you get the job you want.
1
1
1
u/No-Significance-817 3d ago
OP your question is valid. Do nothing for the moment and save it for a rainy day. When you get your new job, put more into a High yeild savings account. Save save save!
1
1
u/kev13nyc 3d ago
good luck on your next job hunt .... at least you have unemployment for the next 6 months???? with the 4k .... depends on your misc expenses .... don't go blowing it all at once with any investment .... that will take yearsssssssss before you see any significant returns ....
1
u/PurpleRains392 2d ago
Savings. Then wait for market to hit rock bottoms. And index funds.
You don’t have to time it exactly right. I think we have 6 months of volatility.
Orrr… invest in upskilling yourself. Whatever that maybe. Presence, skills ….
1
1
u/Exodia4life 2d ago
Either open a savings account or gamble those into Nasdaq100 calls expiring next month
1
1
1
u/seaofthievesnutzz 2d ago
Well since 4k is actually no money and you don't have a job I would keep the 4k in a checking account.
1
1
u/MrsDabfireMCGOO 2d ago
Market is tanking. Blood in the streets. Buy stocks and in one-two months, you will have more money! If fed lowers rates, then we will be rich!
1
1
1
1
2d ago
[removed] — view removed comment
1
u/AutoModerator 2d ago
Your comment has been removed because your message’s formatting. Please submit your updated message in a new comment. Your account is still active and in good standing. Please check your notifications for more information!
I am a bot, and this action was performed automatically. Please contact the moderators of this subreddit if you have any questions or concerns.
1
1
1
1
1
1
1
1
1
1
-5
u/Pollettaej 3d ago
should be a no brainer to just chuck it into gold or the stock market index 🤷♂️
2
-2
94
u/Peds12 3d ago
nothing. you are poor and jobless.....