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It depends on how much money it is, if a lot and to be held for a while, then some credit unions pay 1% or more, otherwise Fidelity has a cash management checking/ATM account so you can invest quickly anytime you find something you wish to buy.
To elaborate: there are a number of equity mutual funds and a couple etfs that I intend to own a certain amount of each. They are not index funds. I'm only owning a portion of my target amount. The cash is reserved for this purpose, to continue to buy them once in a while (not necessarily waiting for a market crash). So it has to be liquid enough. That's why it's been sitting there earning nothing for more than a year. Thanks for all the input (and sorry for not being clear).
I truly can't imagine why I would care about my cash as long as it's safe.
My cash in the bank is FDIC insured. My brokerage cash for regular stock transactions is like a short sale. It's there because I'm making a trade in the reverse direction. I can xfer $$$ from broker-bank and bank-broker click-click. It's a different world. Anyone who doesn't remember the "old days" is a whippersnapper.
When I used to earn something on the cash, I liked it more, but now, earn 0.1% or 1.0% -- what's the difference? If you care, you are way the heck in a higher tax bracket than me and your trades are bigger than my accounts.
Yeah, I really don't want to have a measly $50 million sitting around only earning $400/mo when I could be earning $4k. It pays my caviar bills, fer cryin' out loud.
I ... me ... truly can't imagine caring.
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