What is your best interest rate and where for parking cash?

Quote from HedgefundTrader2:

Those too will go down in next 6 weeks as Fed keep cutting rates. There will not be a place to park your cash but to go into buying a house or buying stocks.

Has that happened before in America ? Rewind to 2000- 2003... LOL
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I agree - but I do remember a trader that had substantial funds parked in an iShares account getting about 6 and change. I was just trying to see if those type of rates are still possible from fixed income type instruments these days.
 
Quote from HedgefundTrader2:

With the dollar sliding you will lose more than you gain in interest rates if you tried that.

They will pay you back in peanuts I suppose? Top of that there are FDIC insured programs, corruption and bank failures not guranteed either. You may lose everything once in a lifetime..YES?
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- or maybe in oil? :D
 
Quote from 5Pillars:

I agree - but I do remember a trader that had substantial funds parked in an iShares account getting about 6 and change. I was just trying to see if those type of rates are still possible from fixed income type instruments these days.
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You make find investing in stocks will deliver 10-20% returns and investing in real estate even more plus a nice home to live in and park your cars in a garage for the first time, YES?

You are now feeling the effects of Federal reserves rate cuts dont you? Millions of Americans must be looking at their statements and scratching their heads this weekend...LOL


Has that happened before ?

Rewind to 2002-2003 and the real estate and stock markets taking off....millions can be made at the right time......think about it.
 
Quote from 5Pillars:

So what is the best interest rate you are getting on any money you have parked in "cash" at this time - 5%, 6% or higher?

- and what instrument are you using with what company?

TIA
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I dont park cash
 
Quote from HedgefundTrader2:

After all it will disappoint lots of people and NOURIEL ROUBINI our prophets of doom and gloom that we did not slip into a recession and housing came back to its feet.
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Day7793, Hedgefundtrader2, or whatevever your new perma-bull name is.....

Just keep burying your head in the sand while your paper trading account is piling up losses.
 
I am going to park funds that I will be using to short oil when I see the time is right (using funds like USO - not the CL or QM contract) for a longer term play. I want to set up an account and have the money earning interest while I scale in and out of oil tracking funds.
 
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