Cash on hand and and looking at safe investments
Hi Terry,
I have 350K in cash and I just bought a 6 month CD (100K) at 5.2%, so a balance of 250K in cash at chase.. I have no bills or mortgages, age 64, solid 401K and UPS stock. Still working with a 200K income.
I assume T bill are one good option and I do have a finical advisors for the past 20 years with approx. 1.25M in investments which are doing well (approx. 12-14%) this yr.
Terry Says
Sounds like you’re in good shape! Read this: https://www.terrysavage.com/t-bills-beat-cds/
If you do this on your own, which you should, then you advisors can’t (and shouldn’t) charge a management fee on this amounT!
