FiIQ
Confused about dryer sheets
- Joined
- Mar 25, 2014
- Messages
- 8
Hi Everyone
I currently keep the cash portion of my portfolio in a 5 year CD ladder. Outside of a 1% +/- savings accounts (Ally, etc.), is there anything else out there I should be looking at?
I feel like the answer is no. But, I want to make sure I'm not missing something.
I am aware of Credit Unions that offer 3% +/-, but I look past them because of the deposit maximum (for the higher rate) and the transaction requirements (i.e. X number of debt card swipes).
I'm trying to understand the best course of action for the cash in my portfolio, so I don't have to sell assets in a down market or create a tax event at an inopportune time.
Meaning; I will need to use this cash to cover expenses when I am full FIRE and as I rotate from w*rk to w*rking at my leisure.
I don't want to chase yield, but I do want to make sure I am taking advantage of the best options available.
Does that make sense?
Thx.
I currently keep the cash portion of my portfolio in a 5 year CD ladder. Outside of a 1% +/- savings accounts (Ally, etc.), is there anything else out there I should be looking at?
I feel like the answer is no. But, I want to make sure I'm not missing something.
I am aware of Credit Unions that offer 3% +/-, but I look past them because of the deposit maximum (for the higher rate) and the transaction requirements (i.e. X number of debt card swipes).
I'm trying to understand the best course of action for the cash in my portfolio, so I don't have to sell assets in a down market or create a tax event at an inopportune time.
Meaning; I will need to use this cash to cover expenses when I am full FIRE and as I rotate from w*rk to w*rking at my leisure.
I don't want to chase yield, but I do want to make sure I am taking advantage of the best options available.
Does that make sense?
Thx.