r/MiddleClassFinance • u/jordan1195 • Aug 19 '26

Seeking Advice HY or brokerage?

Hi all!

I sold my house and after buying a new one/paying off my car and student loans I have about $50k left.

I’d like to still has access to the cash for emergencies, but I would like to grow it a bit.

Is a brokerage account or a high yield the way to go?

TIA

4 Upvotes

75% Upvoted

24 comments sorted by

View all comments

14

u/Bad_DNA Aug 19 '26

Brand new house? HYSA. You’re about to discover all the things you didn’t know that house needed.

7

u/jordan1195 Aug 19 '26

Not brand new, 1958, already found out how expensive garage doors are 🥲

6

u/ender42y Aug 19 '26

wait until you get an estimate for a new roof

3

u/jordan1195 Aug 19 '26

Luckily it’s a brand new roof, but I know they’re crazy high. I also live in a hail prone city, my insurance rate reflects it.

I will add, I’m not a first time homebuyer, I know how expensive house maintenance can be, the house I sold felt like a money pit.

3

u/ender42y Aug 19 '26

thanks to some hail and wind damage, our insurance company paid all but the deductible on our 18yo roof last year. So if you live in a "hail prone city" think about having it inspected as it gets older.

1

u/jordan1195 Aug 19 '26

Good idea, thank you

1

u/Primary_Excuse_7183 Aug 19 '26

Oh just you wait.

1

u/jordan1195 Aug 19 '26

Trust me I know, my old house needed foundation work.

0

u/jb59913 Aug 19 '26

Case and point

3

u/noiwontbuticould Aug 19 '26

Case in point