u/Hungry-Ad5074

I need advice for investing cash. By the end of this year I will have about $90K in cash sitting in a HYSA (earning 4.04% - at Wealthfront). I have a firm "I should have one year of living expenses available to me" cash rule, but that tops out at about $65k. After that, all the money I can save needs to go somewhere else.

I am risk averse. My income is high - I can save ~$70K per year (or a little more). I am wary of investing in the S&P or anything that has a lot of the tech stocks. I would like something with medium or low/medium risk, money that I can just watch grow somewhat steadily, beating inflation (even if just), for 20 years (when I retire). One thing I do not want to invest in is more real estate (I own my condo and will be using the proceeds from the sale if I want to move).

What do you all recommend for investing tens of thousands per year in low/medium or medium risk investments for the long term?

EDIT: Thank you everyone for your advice! It sounds like a good 60/40-ish balance EFT/bonds is what I will pursue (along with a backdoor Roth IRA contribution) and just watch it grow over time.

I appreciate your perspectives and advice!

I am going through the interview process for a position as a software engineer at McMaster-Carr. The interviews are great, everyone is really smart, nice, ask great questions, and answer all of mine really well - including the harder ones I press them about culture. I spoke to a former employee who didn't work in tech but on the logistics side of the company. Everything about the company and job seem fine.

There are tradeoffs. More traditional work environment. Some older tech stack. Commute for 3 days in office is a little far. No more unlimited PTO like I have been used to for nearly a decade in tech. Sounds like they really expect you to perform, but I do not see this as a downside, unless expectations are unrealistic. When I asked about this specifically, it seemed reasonable: expect a bug fix in the first month, 6 months be able to contribute to a feature, at a year, mentor juniors.

There are not many online reviews for this company. Of the ones that do exist, very few are from the software engineering side of the house. Of the very few that there are, they are generally mixed. Everyone loves the pay and benefits, some seem to say the work is interesting enough and you'll learn the business, others say negative things about management (depending on team).

If you work there, or know someone who does or has worked on the systems/software engineering side of the business, how did you/they like it?