Everyone should use physical currency to push back on the digital currency concept. Physical currency allows private transactions which is why the government wants to end it. They need to go back and resume issuing $500 and $1000 bills.
I have 2 fixed index Annuities and a 5 CD ladder. Two of the CD's matured and so I put that into a Goldman Sash fund. I have had good results using Annuities and CD ladders. Same deal, don't touch them until maturity!
Treasury Direct is a many splendored thing. I got fed up with the paltry interest rate paid to depositors - and banks wonder why money has left them for Gov’t MMF, HYSA, and TD - and using them to boost interest income.
Have to point out some inaccurate bits here. First, when the fed raises rates Banks take their sweet time raising rates. Much, much, slower than when they cut rates. Second, the longer the CD, the weaker the interest, because banks are anticipating future Fed rate cutes and don't want to let you lock in a higher rate for years. The highest rates are the 6, 9, and 12 month CDs. Third, there are "flexible" CDs that allow you to close the CD without penalty. They have lower interest rates however. Fourth, You can only buy $10,000 worth of I-Bonds a year so the "parking" space is small.
My HYSA both raised and lowered its interest rate with 2 days of each Fed rate change. Obviously each bank will be different, the point is don't be shocked to see your rate move in lockstep with theirs. I'm actually not seeing many places offer (or at least advertise) cds longer than 12-18 months right now, likely for those reasons you mentioned. Lastly, there are finer details to all of the products I mentioned here. This was meant as more of an overview to spare it being an hour long video. I've covered those details, and things like how to put more than $10k in Ibonds extensively in other videos ;)
25% of my portfolio is in cash at this moment; almost all of it in SGOV and BIL. These are the best options for cash at this time IMO. The expense ratio is low enough to not bother me.
Why EVERYTHING Changes After $25,000: ua-cam.com/video/Va_WIT5EQGA/v-deo.html
Everyone should use physical currency to push back on the digital currency concept. Physical currency allows private transactions which is why the government wants to end it. They need to go back and resume issuing $500 and $1000 bills.
Thank you for the info! I've been waiting for a video like this! Appreciate it very much!!
I have 2 fixed index Annuities and a 5 CD ladder. Two of the CD's matured and so I put that into a Goldman Sash fund. I have had good results using Annuities and CD ladders. Same deal, don't touch them until maturity!
Treasury Direct is a many splendored thing. I got fed up with the paltry interest rate paid to depositors - and banks wonder why money has left them for Gov’t MMF, HYSA, and TD - and using them to boost interest income.
Same. I built a US T Note ladder. Great video, nice to see you back.
Have my T-Bill ladder on autopilot now, don't plan on touching it unless I REALLY need the money for something
Thanks for a clear overview of short-term investment/saving options.
Have to point out some inaccurate bits here. First, when the fed raises rates Banks take their sweet time raising rates. Much, much, slower than when they cut rates. Second, the longer the CD, the weaker the interest, because banks are anticipating future Fed rate cutes and don't want to let you lock in a higher rate for years. The highest rates are the 6, 9, and 12 month CDs. Third, there are "flexible" CDs that allow you to close the CD without penalty. They have lower interest rates however. Fourth, You can only buy $10,000 worth of I-Bonds a year so the "parking" space is small.
My HYSA both raised and lowered its interest rate with 2 days of each Fed rate change. Obviously each bank will be different, the point is don't be shocked to see your rate move in lockstep with theirs.
I'm actually not seeing many places offer (or at least advertise) cds longer than 12-18 months right now, likely for those reasons you mentioned.
Lastly, there are finer details to all of the products I mentioned here. This was meant as more of an overview to spare it being an hour long video. I've covered those details, and things like how to put more than $10k in Ibonds extensively in other videos ;)
Just don't let the cops catch you. They love civil asset forfeiture.
4 week Tbills, especially in a high tax state.
25% of my portfolio is in cash at this moment; almost all of it in SGOV and BIL. These are the best options for cash at this time IMO. The expense ratio is low enough to not bother me.
Sgov pays monthly and I invest in it too
@alonsalomon6329 The short-term interest rates going down is a little bit of a problem for SGOV investors. Are you considering longer-term bond ETFs??
VSUXX is as safe as HYSA with similar APY and state tax free and liquid.
I hold my cash in a conservative 60/40 portfolio: 60% GME, 40% AMC. HUGE upside potential with VERY limited downside risk
LOL
@@TheAndrewLopezFinancePodcast 60% BTC and 40% ETH
The last time I was here this early, the fixed rate on Series I Savings Bonds was 2.50-3.00%.
I'd bet its only going to get lower and lower over the next few rate adjustments
You get better rates on cd's for short term. Intrest goes down the longer the term
what about Money Market Funds? I know they fluctuate with the interest rate, but have been pretty good.
Money market funds are a good option as well. I probably should have included them in the video!
What is the best day of the month to buy SGOV?
Whenever you have the money, it really doesn't matter.