I've been playing around with this calculator https://cashbackcow.io/calculators/effe ... alculator/ and it has me thinking: for many people just sticking to cash in the bank or SGOV in a brokerage account and moving the money around every ~90 day to get a new bonus is the optimal strategy, assuming they have a W2 direct deposit they can change easily to capture bank bonuses.
I am thinking X is likely between $50k-$70k to optimize the return on bonuses vs. returns on any other security. Done well I think APY's >10% seem doable with a a few hours a month of research and in theory are risk free.
I am thinking X is likely between $50k-$70k to optimize the return on bonuses vs. returns on any other security. Done well I think APY's >10% seem doable with a a few hours a month of research and in theory are risk free.
Statistics: Posted by MikeZ — Wed Aug 21, 2024 9:57 am — Replies 0 — Views 128
