About two months ago, I took $14,000 out of our savings account and put it in a taxable investment account. To date, it’s probably been my least favorite financial move I’ve ever made.
In fact, it’s the worst.
It’s also, apparently, the responsible thing to do, but that’s besides the point.
Responsibility is totally overrated.
To be clear it’s not the investment that I picked that sucks. The interest I’m earning in my Vanguard fund is blowing my savings account out of the water, granted that’s not saying much when my savings APY is a measly 0.7%.
As great as having my money make more money is, I just can’t shake the uneasy feeling I’ve had. I hate feeling less liquid.
I loved having fat stacks of cash in the bank.
Around this time last year Girl Ninja and I had $100,000 in our savings account. After putting $70,000 of that towards a down payment, and $14,000 in to our taxable account, we are left with about $15,000 in our savings account now.
There is no logical reason why I would need to keep more than that in our savings account. I should be patting myself on the back for diversifying our money across retirement accounts, real estate, and now short-term investments, but instead I want to crawl in to bed and start sucking my thumb.
Investing in our taxable account is certainly the most uncomfortable thing I’ve done in regards to managing our money. I just need to keep reminding myself to stay the course. No pain, no gain right?
What is “that responsible personal finance thing” you know you should be (or currently are doing) that makes you uncomfortable?