What do you do with your excess cash?

[312]

Several/lots of banks nowdays paying comparable rates.... and we have some of them.

Wifey says, "you can risk your money in the markets", but "I want my money safe... in the bank and insured".

What can I say? She controls the pussy!

LOL!

Or she's interfering with the banker

 

[Scataphagos]

Or she's interfering with the banker

No worries. I don't let her have large "local" accounts.

 

[312]

No worries. I don't let her have large "local" accounts.

I know a guy in Nigeria if you're interested

 

[Scataphagos]

I know a guy in Nigeria if you're interested

So long as he's a Prince, I'm all ears!

 

[312]

So long as he's a Prince, I'm all ears!

He's also an accredited trader

 

[truetype]

I use Marcus at GS, 1.60% for a savings account.

I have an account at Marcus also. When they first launched, they limited the maximum balance. Not sure if they still do. Barclays offers a similar product. But nowadays plain old T-bills pay 2% and they're state-tax free. I also have a fair amount in munis, single issues and closed-end funds. Recently bought more as they cheapened on the bond selloff. But they aren't riskless, of course.

 

[rallymode]

3mo tbills continuously rolled at auction.

 

[srinir]

Mine is at Vanguard muni money market fund. SEC yield is 1.55%, after tax yield is much better than most of the bank rates like (Marcus, Capital one etc). Even their Prime money market pays 1.81%

 

[Aisone]

Thanks for the insights everyone, they are very helpful.

 

[qxr1011]

excess cash goes to `increase the position