Buy and Hold Investors Going Cash - Page 2

Monywolf

Joined: Nov 23, 2018

Posts: 793

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jagvocate said:
LMCane said:
RightWingConspirator said:
We keep our liquidity in the BlackRock fund TMCXX. I think it's paying 4.6 or so.
so you are giving advice on a public sports message board to use a product that has a:

Minimum Initial Investment of $3,000,000
That's only a minimum, shouldn't be a problem for most Ags

Minimum is $1,000 through Merrill.

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YouBet

Joined: Jan 9, 2001

Posts: 73,538

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In reply to LMCane • 11:58p, 4/2/23

AG

LMCane said:
RightWingConspirator said:
We keep our liquidity in the BlackRock fund TMCXX. I think it's paying 4.6 or so.
so you are giving advice on a public sports message board to use a product that has a:

Minimum Initial Investment of $3,000,000

Minimum initial threshold for posting on F57 is $5,000,000. Not sure if I recall seeing your Net Worth statements now that I think about it....

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aggiedata

Joined: May 2, 2001

Posts: 15,938

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In reply to Monywolf • 3:04p, 4/7/23

AG

Hey Monywolf,

Your 2 bottles of Wilderness Trail are in jeopardy! Need payment

https://texags.com/forums/67/topics/3358925/replies/64615927

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shoc08

Joined: Jun 12, 2007

Posts: 427

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11:03p, 5/9/23

AG

I've been keeping a chunk of 'cash' in my Fidelity brokerage account in their cash-sweep program earning 4%ish and then selling cash secured puts. The cash still earns interest while it's securing those puts. Pretty nice.

OldArmyCT

Joined: Apr 1, 2007

Posts: 1,408

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7:41a, 5/10/23

AG

Be careful. Here's a WSJ article and this is a quote from inside it.
"Cash has outperformed both stocks and bonds only 12 times over the course of a year since 1929. Last year was one of those times."

https://www.wsj.com/articles/investors-money-market-funds-cds-d6fbd428?st=fzd1oxba3bur63m&reflink=desktopwebshare_permalink