The Michael
medicine forum beginner
Joined: 16 May 2005
Posts: 4
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 Posted: Mon May 16, 2005 12:31 am Post subject:
Qu: interest rate return for cash funds from discount broker
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On Sat 07 May 2005 08:51:06p, usenet newsgroups wrote in
news:egefe.190750$cg1.186840@bgtnsc04-news.ops.worldnet.att.net:
| Quote: | thanks for the info,
another question, I was hoping to get a higher rate without opening
another brokerage account and transferring my money. I may end up
doing that though.
is there any time of money market funds or 100% risk free funds on any
of the major exchanges I could buy shares in to get a higher rate of
return? I'd prefer that to transferring my money into another
financial for right now.
thanks
blyth
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Nothing is really 100% risk free, but if you don't need 100% liquidity you
may want to buy some CDs thru your broker: Maybe both at about a 6 month
and a 12 month maturity and keep renewing each for 12 more months until
you need more liquidity. These will give higher rates of return. Buying
CDs thru you broker is usually easier than shoping around at individual
banks; however some (many?) only sell new issues requiring at least $20K.
If you have less, then buy secondary issues if necessary. |
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