Anyone have a good place to invest cash right now?

[LongHaul]

Anyone have a good place to invest cash right now? I currently have my cash at IB earning 0 and would like to find a better alternative.

 

 

[JBird]

Personally I keep it parked in an AMEX savings account earning .85%. No minimums, or any fees. Otherwise I'd look into low-duration bond funds; preferably one with no load and a low expense-ratio. MWLDX for example.

[thepupil]

For cash that you don't need w/i 1 year and up to 10K/year: I savings bonds

they pay you the official inflation rate and are redeemable after 1 year (though you lose some 3 months interest if redeemed before 5 years). The interest is  taxable as income but deferred until redemption. these are basically enhanced cash/very low duration low risk fixed income

 

http://www.treasurydirect.gov/indiv/research/indepth/ibonds/res_ibonds.htm

 

For truly liquid, need it now cash: GE, Amex, Capital One and other online savigns accounts that pay you 0.75%  or more for FDIC insured money.

 

I would recommend a liquidity buffer of GE/Amex high yield savings accounts and then start to build a trove of i savings bonds. after 1 year they become liquid, inflation indexed, enhanced cash. over time your 100% of your emergency fund can be inflation indexed and tax deferred and is a direct obligation of the treasury rather than a bank's liability (though if we get to the point where FDIC is threatened the dollar probably won't mean much anyways and you'll want gold under the mattress)

[stylized_fact]

GE has a program of direct unsecured borrowing from individuals with decent rates (no FDIC) http://www.gecapitalinvestdirect.com/

[fareastwarriors]

For cash that you don't need w/i 1 year and up to 10K/year: I savings bonds

they pay you the official inflation rate and are redeemable after 1 year (though you lose some 3 months interest if redeemed before 5 years). The interest is  taxable as income but deferred until redemption. these are basically enhanced cash/very low duration low risk fixed income

 

http://www.treasurydirect.gov/indiv/research/indepth/ibonds/res_ibonds.htm

 

For truly liquid, need it now cash: GE, Amex, Capital One and other online savigns accounts that pay you 0.75%  or more for FDIC insured money.

 

I would recommend a liquidity buffer of GE/Amex high yield savings accounts and then start to build a trove of i savings bonds. after 1 year they become liquid, inflation indexed, enhanced cash. over time your 100% of your emergency fund can be inflation indexed and tax deferred and is a direct obligation of the treasury rather than a bank's liability (though if we get to the point where FDIC is threatened the dollar probably won't mean much anyways and you'll want gold under the mattress)

 

 

+1 on the iBonds.

 

 

[Ross812]

Ally money market account. 0.84% with check writing and debit cards. I-Bonds for the rest of it. You can actually put more than 10k into I-Bonds if you request your tax return back in I-Bonds.

[LowIQinvestor]

Parking some cash in IBM as we speak!