Is This Going to Affect My Portfolio?

The big high level problem right now is you just had the Fed raise interest rates right in the last year. And a lot of money was sitting in checking type accounts where the bank didn't have to pay anything to have that cash. So all of a sudden as this is happening across the board, banks costs are going from point eight,. one percent somewhere down there to increment, the incremental dollar is four or five percent.

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