Innovative Strategies

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Sateesh Kumar
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Where to park 500k until next investment?

Sateesh Kumar
Posted Jun 3 2023, 13:05

Hello,

i am relocating to CA from East Coast due to my job. I have 500k emergency cash in a HYSA and another 500k in equity in my current home that I am contemplating to sell.

What would be a best place to park my emergency funds (as well as the proceeds from sale once I decide to sell) until I finalize my next investment. Appreciate your inputs.

Thanks

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Brett Deas
  • Real Estate Agent
  • Colorado
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Brett Deas
  • Real Estate Agent
  • Colorado
Replied Jun 3 2023, 16:25

I mean, hate to state the obvious but a HYSA or money market offers good interest and good liquidity time frames.