Many Happy Returns

Dry Powder: Where to Park Your Cash

10 snips
Mar 8, 2023
With interest rates finally offering returns on cash, the discussion weighs bank accounts, money market funds, short-term bonds and bond ladders. It explores why people keep cash, the risks behind cash-like investments, the strange shape of the yield curve, and what makes a bank a bank.
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1
Introduction
00:00 • 2min
2
Why Would We Hold Cash?
01:31 • 2min
3
Why You Shouldn't Have an Emergency Fund
03:06 • 2min
4
Is Dry Powder a Good Investment?
04:52 • 2min
5
Why You Shouldn't Hold Cash Positions
07:19 • 2min
6
Callable Cash Is a Bad Idea, Right?
09:41 • 2min
7
What Are the Other Options?
11:54 • 3min
8
Money Market Funds - Breaking the Buck
14:51 • 2min
9
Money Market Funds
16:28 • 2min
10
CSH2 Money Market Fund
18:01 • 3min
11
Why Is the Yield Curve in a Strange Place?
20:35 • 2min
12
The Curve's Inverting
22:58 • 2min
13
You Can't Read Off Rate Expectations Off the Spot Curve
24:51 • 2min
14
What Bond Is Adequate as a Quasi-Cash Safeish Investment?
26:33 • 2min
15
Bond Letters
28:15 • 3min
16
Bond Ladder
30:54 • 2min
17
The Difference Between a Bond Fund and a Bond Ladder
32:29 • 2min
18
Should I Hedge My Bonds?
34:11 • 2min
19
What Is a Bond Ladder?
35:47 • 2min
20
Bank of Dave
37:52 • 2min
21
What's the Multiplier Effect?
39:24 • 3min
22
What's the Difference Between Investment Banks and Shadow Banks?
42:14 • 2min
23
Many Happy Returns Podcast
44:10 • 2min