Where to Park Cash: Guaranteed 5-6%

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Information Where to Park Cash: Guaranteed 5-6%

Title	:	Where to Park Cash: Guaranteed 5-6%
Lasting	:	15.19
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Views	:	158 rb

Skip the waitlist and invest in blue-chip art for the very first time by signing up for Masterworks: wwwmasterworksart/businesswithbrian brPurchase shares in great masterpieces from artists like Pablo Picasso, Banksy, Andy Warhol, and more 🎨 brSee important Masterworks disclosures: wwwmasterworkscom/cd
Comment from : BWB - Business With Brian

what about when gvt debt is squashing the econ ?
Comment from : Duggy Dugg

What savings vehicle can you use that maximize your earnings but are not Federally taxed??? Example: Sell home and want to park a few 100 thousand for 1+ years
Comment from : Scott

Another drawback of CDs with some banks, you must call them during the week and withing certain hours if you want to withdraw or change them during the grace period For me its an inconvenience
Comment from : LastSider

Forget the Banks and CDs Invest in T bills they pay in the region of 55 for short terms of 4 months - 26 weeks and are easy to open -no signing in application forms etc You can also do brokered CDs from Banks that are higher than the Bank's published rates All this can be done htru Fidelity, vanguard etc with as little as 4 clicks on your key board
Comment from : cook master

Government I bonds
Comment from : runningkirk wa

I bonds were only yielding 6+ for a short period of time in 2021-2022
Comment from : ironuckles

I bought t bill and t note at a discount to par since my coupon was 2 and my ytm was 52 My question is the following Instead of holding them till maturity I sell them before maturity to realize a capital gain instead of interest so I can use it against capital loss I incurred in my equity portfolio Is this a sound strategy tax wise ?
Comment from : Daniel Ling

I'm a proud single mum who became a homeowner last year It was a huge milestone for me! On top of that, I'm also fortunate enough to have a pretty decent monthly income through my successful strategic investments As a result, I have carefully planned for my retirement, which is set to take place next yearGeneral, investing requires higher knowledge
Comment from : Paul Curie

Brian's initial comments on the importance of sound asset diversification and risk management cannot be overstated I've been trying to grow my portfolio to $60k for some time and would welcome any other suggestions
Comment from : William Knochel

I started stacking to SAVE wealth I've always been the type of person to spend my entire paycheck I hate having money just sit in the bank I am under pressure to grow my reserve of $950k before I turn 60, I would appreciate any advice on potential investments
Comment from : Jayna Eckert

Putting well-earned money into the stock market can be over emphasized for first-time investors, unlike a bank where interest is sure thing! Well, basically times are uncertain, the market is out of control, and banks are gradually failing I am working on a ballpark estimate of $5M for retirement, and I have a good 6-figure loaded up for this, could there be any opportunity for a boomer like me? I'm nearly 60
Comment from : Jeffrey Hulkman

Is this Stanley Kubrick…?Haven’t seen this many cameras and angles since Clockwork Orange
Comment from : Scott Hanford

1:46 Not sure when this video was created Ally has not dropped their rate over the last 12 months That said, yes, the rate moves up and down and is not guaranteed
Comment from : guerro327

I agree with the notion that cash in most banks’ savings accounts is earning little interest - and losing purchasing power But I think money market funds are a better option for cash Art is not really an appropriate cash alternative - it’s not liquid, fungible, or providing yield Plus it’s highly cyclical and will likely fall in a recession, unless you are highly skilled at picking winning art works to invest in
Comment from : Stephen White

ART? please who is going to buy that when the SHTF? No one 🙂
Comment from : thegrantdanielsband

No need to do this, both my CU's are offering 5
Comment from : 2Cartalkers

Marcas Savings is 415 now Fedelity has a 1 year CD 550 for 1 year and 9 month at 530 good timing right now Also a 4 teer at 530 and a Chase 1 yr at 5500 and all call protected
Comment from : Thomas Bridges

The real trick is, figuring out where to put your money when interest rates are back in the gutter
Comment from : scott- o

WOW You are good in math!!!!!!!!!!!!!!! Thanks
Comment from : t az

banks will never pay more than the rate of inflation for a saving account, so its amazing how many people claim you can get wealthy saving your moneybrYour best bet is to invest it, and if you're good at it you can get some passive income and capital gains to keep ahead of inflation
Comment from : William Penn jr

I park my cash by backing up my dump truck to my garage
Comment from : JC

Subbed
Comment from : JC

Your volume is too low Pump it up
Comment from : JC

Nice job, Brian This is a well-done, clear, concise video I thought you might mention laddering as a strategy to increase CD yield With one or two more rate hikes likely in the works, and the general consensus that the FFR will probably peak early next year, a short-term ladder of 3, 6, 9, and 12-month CDs might be rather lucrative (relatively)
Comment from : Monroe Mullinix

M1 is 5
Comment from : KD Journey

I`m at CITIBANK 415 💰
Comment from : xbrizzcakez

I did the high interest bank account some years ago started out at 5 within a year it was at about 2I do CD ladders nowthrough Charles Schwabyesterday(6-9-23) I got 535 for a yearand 542 for 6 monthsCharles Schwab is a non-woke companyperfect for boomers or almost boomers
Comment from : Dirt Roads (707)

Park it in the trash
Comment from : Michael Doyle

My HYSA is currently paying 431 and I'm getting around $315 a Month interest I'm going to ride that out until interest rate go back down to nothing, which I hope it won't for a couple years Savings accounts haven't paid anything since the 1970s & 80s
Comment from : DTR

Brian , for your government employees audience who have TSP , you may want to add the concept of G fund into your video G fund is a combination of short TB and I bond
Comment from : ampiciline

WOW , BRIAN IN 15 MIN video you covered a lots of good stuffs I loved your real cases and examples excellent work ! keep it up
Comment from : ampiciline

What are your views on Wealthfront , it seems to be an online bank offering 5+ returns on cash account with FDIC insurance of $5M thru partner banks
Comment from : Kam Syed

Great video! But I’d say to benefit from compound interest, trading forex, and stock exchange is more appropriate Made over $410k in q1!
Comment from : Alec Gates

Do you plan to hold your SGOV & BIL through a potential June 1 default?
Comment from : Jim K

When a bank offers a high interest rate return that means they are financially struggling and trying to operate and don’t shut down
Comment from : Butter_is_Good

These poor people have a home in Seattle Kiss your ass goodbye the area is a war zone and corporations are leaving That the Democrats for your loss
Comment from : Todd Dubberly

Can I open an account living in Europe?
Comment from : Cristiana Costa

Cit how safe is the bank?
Comment from : Chris Orgfourteen

Can you also provide info on How safe is the bank along with interest?
Comment from : Chris Orgfourteen

Cit seems like a reasonable option being fdic insured the customer service answers quickly also
Comment from : De Mike

With banks failing left and right, I think I'll avoid the very risky high-yield accounts, thank you very much
Comment from : Jason Broom

One thing you didn’t cover is trusting the financial institution Lots of scammers out there I would recommend going with a bank that is tried and true for CDs
Comment from : Felix Pfaltermann

CD’s nuts
Comment from : BlacklistedDrums

I am earning 490 at Marcus/Goldman Sachs for a savings account The base rate is 390 but they will give you an extra 100 if you send a referral code to a friend who opens their own account, even if it is the $500 minimum You can repeat this process over and over, which I intend to do I already have people I know interested and lined up And if you deposit $10,000 in new money, and keep it there for 90 days, separate bonus offer will toss in another $100
Comment from : Oroborus

This is the 3rd video I watched I subbed cus its very informative for me! Thank you sir,goodluck on your YouTube journey
Comment from : Zo Kitchen

parking cash in Real Estate
Comment from : John Laughlin

thank you Brian for a great video ,, Question - why "mortar" banks (BA/WF) don't offer CD's with a compatible interest rate as this ones ?
Comment from : John

I’m interested in the Masterworks endorsement and was wondering if you think it wise as an alternative to stocks in the current market Would appreciate if you could touch on the liquidity of such an investment as well
Comment from : Buckgrind Muffloss

The problem with investing in art is being able to find a seller when you need it without taking a hit, often less than you paidI was taught by several generationally wealthy ppl that you only buy art for your personal pleasure
Comment from : LJ

aRE brokerage money market (like SPAXX) at Schwab, Fidelity FDIC guaranteed? Is there any advantage other than liquidity between, for example, a 475 CD and a 475 money market?
Comment from : Mimmet Wave

will 6 month and 1 year CDs @ 505 be a good place to park?
Comment from : barneycarparts

CIT requires monthly deposits of 100 min, otherwise you will NOT receive those high amounts transfer rate is slow AF as well
Comment from : blade643

The new top rates on Duke premier notes money market is 513 Not govt insured
Comment from : paul moss

How do you know this isn't AI asking this question right now?
Comment from : Nathan Wesselius

Nice little burn on Seattle there
Comment from : YourBestFriend

One asset I’d add is established high-yield dividend stocks (like PFG, NHI, PRU, SAFT, etc) I’m not touting these stocks, just using them as examples An internet search will turn up many other candidates They’re providing my wife and I around $1500/mo dividend income, which supplements CD interest and rental income
Comment from : Slapdat HughJass

Thank you, very informative Can you also compare what you would earn/benefit of buying say USFR, or SGOV compared to a t-bill or CD?
Comment from : Gary65437

I'm curious can you do a video on Muni bonds? It seems pretty hard to get in to them While we get higher greater rate on our savings accounts, we will be paying more taxes on them
Comment from : John Weng

Surprise that we are still being told to trust the Gov 😂
Comment from : Freebird1

What about when the dollar crashes and the BRIC countries take over the world currency standard
Comment from : Bass Monk

Didn't I bond rate drop to just below 4 for next 6 months?
Comment from : Tom D

Primis raised their rate to 477
Comment from : BigChaz

Here is a serious question: The FDIC only insures up to $250,000 right? But what if someone has more than that? Say someone has $600,000 and wants to put it somewhere safe? Are there any online savings accounts that yield a high interest rate and insure the money?brbrThanks!
Comment from : Data Lore

How do you feel about index annuity’s I am 65 and and thinking about investing in one @ 535 5 years or 3 years 525 there are more details but just your general feeling on them would be appreciated Thanks Tommy
Comment from : Tommy Webb

The CIT savings account with a 475 yield requires a $5000 minimum deposit Their other saving account pays a decent 45 with a lower minimum deposit
Comment from : ZXC

Great video, as always, Brian Thank you for the information!
Comment from : Nay Bhai

I do not see links for banks and cd s?
Comment from : Igor Shendarovich

Could reply which pays more interest each month; a 35 savings account or 7day yield 475 money market ? The 7day yield confuses me I plan on leaving the money and at least six months Thx
Comment from : bill llib

Excellent
Comment from : Darly Thomas

I have several jumbo12-18 month bank CDs and IRA-CDs easy, safe Right now, also 6 figures in HY savings 375APY that I want to move, probably will split it between a 6-mo CD over 5APY and a no-penalty CD, thinking rates are still rising
Comment from : filmbuff000

Great content Currently, I don't really have any debts so I park all my savings in i-bonds and t-bills to keep things simple
Comment from : sonny g smith

ufb Direct is at 502 APY for a savings account right now Not bad
Comment from : Kristopher DErasmo

Great content! Enjoy your videos
Comment from : Matt Simmons

I just opened a no penalty CD with Cit I had all my money in etrade and enjoyed the liquidity, simplicity and peace of mind if having the cash However, because of the world feeling like it's upside down I moved 250k to Ally and 250k to the CIT CD today CIT was really easy to open, customer service is in the US and the agent answered all of my questions I also bought the ibonds (10k) and was able to open another account for my son (5k) as a gift
Comment from : K Smith

Your Fidelity Money Market Fund example is a bit deceiving as it's yield and expense ratio are not available to the retail investor Looks for intuitional investors only brThe retail ones are typically less in 7day average and have higher expense ratios brThat said, they still are an alternative to parks short term cash, albeit slight less
Comment from : Bert De

You didn't mention multi-year guaranteed annuities, many of which are currently paying well in excess of 5 tax deferred annually for 3-7 year contracts Several also have some limited liquidity such as withdrawing up to 10 of the balance annually
Comment from : Barry Beede

There are restrictions on getting your cash quickly from some of these suggested high yield savings account brFor example Salem Direct allows an ACH from your account of a maximum of just $2,000 a day brYou can request a wire transfer from Salem Direct to get your funds from the bank It is I was told a request that should be approved, a definite maybe is what I heardbrIf Salem approve you for a wire transfer your daily maximum is $10,000 a day brTo send a wire Salem specifically demand you mail them the wire transfer form completed brSalem will not accept an email/fax or docusign wire form brIt seems Salem is stuck in 1947, maybe they will accept a wire sent via Pony Express, but with managerial approval!brCheck any bank about their high yield savings account rules for quick access to your funds, and details about their daily limits
Comment from : Cynthia DeMario

Thanks for the content, inflationary period has everyone scrambling but recently precious metals have been an alright alternative I’m thinking I need to make use of better longer term vehicles
Comment from : GABE

Thanks for the information I took part of my savings and put it in the 11 month Capital One CD that was 5 for 11 months that you did a video on My normal bank savings is earning somewhere around the $15 year like you talked about I am trying to decide if and where I want to put the rest of my savings Mine is meant for my emergency fund I was considering just the high yield savings as you started withbrbrI am concerned overall where everything is going though both for my cash and my 401K The move of the world away from our dollar and the Fed program towards a digital dollar concern me that my savings for retirement could be wiped out or take a big hit I am hoping to retire within 5 years so I don't have time to wait for things to turn aroundbrbrI just subscribed to your channel too I have found many of your videos interesting and useful
Comment from : KevinW3278

You are the best, most concise YouTuber when it comes to these subjects! Just a side note on your pop-up: I've been monitoring my recently opened Ally account from a few months ago and the rate did not drop their rate to 375 It just recently went up to 375 on 3/24 and it has been steady there, AFAIK I think we're going to see a plateau in these HYSAs soon if we haven't already with a dip coming in the next year
Comment from : DixonMason

Like always great content Do you see CDs increasing just after the second fed raise in may ? Using a brokerage firm specifically? Because they are stagnant at 47 range On average Will they go to 5 or higher in may call protected ? I blew it I saw two weeks ago a 5 year CD at 5 call protected ! It got gobbled up by the next morning I won’t let that happen again Trying to find one at 5 or close to it call protected
Comment from : Roys Place