Dry Powder: Where to Park Your Cash
Many Happy Returns
Introduction
After more than a decade of near zero interest rates, it's now possible to earn income from cash and short-term investments. But where should you park your cash? There are many options from bank accounts to money market funds to bonds. Each come with their own benefits, risks and quirks. I want to know why we would even hold cash and what makes 2023 a potentially lucrative environment for short-term investment. And in today's dumb question of the week, what is a bank?
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