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If we have the SBLOC, we can be our own bank and get cash instantly for any unexpected expenses. Personally, I have a small balance in cash accounts just to cover one or two month expenses. The only reason that we have cash pile like Warren Buffett now is we have not found an investable opportunities yet.
The gains on these ideas are largely taxed at income tax rates which, for many high next worth individuals, are taxed every year at 32-37%. This makes them inefficient as taxes consume too much of the interest. Therefore large sums of cash are better held in stable, highly liquid investments that are taxed at capital gains rates. One example might be the BOXX ETF, though I’m not giving financial advice or making a recommendation.
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Join my Private FIRE Community ➡ www.firepsychat.com/community
1-on-1 Consultation ➡ www.firepsychat.com/consultation
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Thank you
Bro, SGOV is where you should keep your cash
Thanks for the information. What do you think about the SWVXX - Schwab Money Market Fund, that pays between 4-5%?
That’s a 7 day yield so I would watch that. If it’s just to keep your cash safe then go for it but don’t use it to save for retirement
If we have the SBLOC, we can be our own bank and get cash instantly for any unexpected expenses. Personally, I have a small balance in cash accounts just to cover one or two month expenses. The only reason that we have cash pile like Warren Buffett now is we have not found an investable opportunities yet.
The gains on these ideas are largely taxed at income tax rates which, for many high next worth individuals, are taxed every year at 32-37%. This makes them inefficient as taxes consume too much of the interest. Therefore large sums of cash are better held in stable, highly liquid investments that are taxed at capital gains rates. One example might be the BOXX ETF, though I’m not giving financial advice or making a recommendation.
What about transferring some of your wealth to tangible assets. Such as precious metals?
Wait FDIC is not per account?
CASH IS TRASH. Lol😂😂😂😂😂🤣🤣