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this post was submitted on 05 Sep 2024
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Personal Finance
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I'm in the US, but on a work visa. I have a 2.875% mortgage, and a 2% car loan that ends soon (but planning to get a second car). We would mostly need the money in the next 5 years, so I'll start with the hysa and go from there. By the way, is it prudent to take a small portion of it and invest it in more daring ventures like stocks?
I wouldn't invest anything you need in the next 5 years. I'd stick it in a HYSA or Treasure Bills (if you're in a state with high income tax) or something instead.