Looking to move my “emergency fund for my emergency fund” (for lack of a better term) from an AMEX HYSA (3.5%) to SGOV as I have only recently learned about its benefits and I think my money can work harder for me there. I would appreciate any feedback on this idea…
- Are there comparable options to SGOV that I should consider?
- Is it better to do this in a brokerage or an IRA account?
- What exactly happens if I would need to pull money out quickly? Do I just sell shares like regular ETFs?
- Are there any moves I should make in a severe market downturn like 2008 or COVID?
I am fairly new to dividend investing so please bear with me.