Over a year ago, I moved my 3 Brokerage/IRA Accounts into cash, within each IRA (so no penalty) and the one Brokerage into cash back into my Savings Account, so I lost about 10%. They’re staying in cash, until Bidet&Co’s gone. Not making anything anymore, but not losing anything, further.
“Not making anything anymore, but not losing anything, further.“
Except for Bidenflation, of course!
Losing 10% annually on the cash due to inflation
There are many 5% APY 1-2 yr CDs available now. That would slow the bleed.
Carriage Hill wrote: “Over a year ago, I moved my 3 Brokerage/IRA Accounts into cash, within each IRA (so no penalty) and the one Brokerage into cash back into my Savings Account, so I lost about 10%. They’re staying in cash, until Bidet&Co’s gone. Not making anything anymore, but not losing anything, further.”
Schwab Money Market (SWVXX) paying over 4%.