Where do you keep your cash?

S

Surgo

I don't use the full margin available in my account all the time, or even most of the time. Hell, I don't even use the full cash value -- right now I have a big cash position.

Now having it as actual immediate cash isn't necessarily the best choice when there are things like money market funds out there. For anyone else that way, what instrument do you use to store your cash? Personally I've been using GSY which is an actively-managed ultrashort bond fund.
 
Surgo said:
I don't use the full margin available in my account all the time, or even most of the time. Hell, I don't even use the full cash value -- right now I have a big cash position.

Now having it as actual immediate cash isn't necessarily the best choice when there are things like money market funds out there. For anyone else that way, what instrument do you use to store your cash? Personally I've been using GSY which is an actively-managed ultrashort bond fund.
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So you're paying 0.25% a year in management fees on your cash balance, when interest rates are still zero?

GAT
 
In the US, interest is also taxed, assuming there is an interest distribution after the mentioned management fees. But if you have brokerage or account maintenance fees, you may be able to offset taxes, but only if you itemize. The search for yield is much more than an advertised rate.

Happy holidays to all.
 
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