Depending on your broker, you could set up a managed account. You
specify what funds you want to invest in, and how much you want to
reserve into an interest bearing account. They handle the mechanics of
it. If you need cash, you withdraw from the interest bearing account,
and they re-balance depending on your specifications.
bp
<part15sbs{at}gmail{dot}com>
On 1/11/2021 7:55 AM, Matt Hoppes wrote:
We have a sizeable amount of money sitting in a bank account right.
This has been collected from various jobs that were rather ludicrous
over the past year.
There are several options for what we can do with these funds.... we
can let them sit in a bank account until we need them and use them,
and then go away.
Or we can invest them (which I've started doing). However, this is
one more thing to add to my plate of things to manage on a
daily/weekly basis.
Through investing in ETFs and purchasing Option Call/Puts I've been
able to return about $1,000/day. This isn't consistent - but over a
week a gain of several thousand is not out of the question. Even on
a market red day like today, our portfolio is up.
My question is, has anyone here either done it, or considered hiring a
full-time person to essentially manage surplus cash and make it print
more cash through investing? If done right, I feel like this could
potentially finance a lot of future projects we want to build. Of
course, hire the wrong person and you lose all that money...
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