How Are You Saving & Investing Right Now?

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woman looks through a pile of cash; she is wearing white nail polish

How are you saving and investing your money right now? And what are you doing with existing investments (such as I-bonds) that are earning less than they were a year or two ago?

As Investopedia notes, the new composite rate is 4.28% isn’t bad — but it definitely isn’t the 10% from recent months.

For my $.02, we have probably too much in index funds at this point in our lives (85%+, maybe 90%+), and we always have too much in high-yield savings accounts (HYSAs), so I’ve been trying to diversify a bit with CDs and yes, some investments in 30-year treasury bonds. Our HYSAs are earning 4%, which is about what you can find in CDs now – but because HYSAs may change at any point I’m still putting money back into CDs when they come due.

We aren’t moving money out of the 30-year I-bonds because (given our lay of the land) the rates aren’t that bad, and the sums aren’t too huge a percentage… but every 6 months when there’s a new rate announced I’m trying to remember to monitor it, ha.

(We use Ally, Vanguard, and Schwab primarily, but more out of habit than anything. I find it easiest to do CDs in Ally instead of through my other online brokers – that way if they come due and I’m not paying attention, the money isn’t going to a settlement fund earning a low interest rate.)

Readers, how about you? How are you saving and investing your money right now? And what are you doing with existing investments (such as I-bonds) that are earning less than they were a year or two ago?

Stock photo via Stencil.

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