Advice on allocating savings for the future

Planning

I’ll keep this brief and give a summary of my financial situation. I’m 23 with a stable job, paid off new car that i don’t suspect will give out anytime soon, 80k in a HYSA and 30k in a roth TSP to which i am contributing 600 monthly.

My question is what to do with the money in the HYSA? I always hear the saying “Let your money work for you” and i feel like all that money sitting around should be somewhere else. Is it worth to take some of it out and play around with stocks? Day trading? I plan on opening a roth IRA and dumping 7k to max it for the year but even then, that leaves me with around 73k just sitting earning a few hundred per month due to my savings account.

Posted Jul 4, 2026, 6:27 PM UTC

37
Loading comments…