Author: mungofitch

Subject: Re: ot: park money for interest income

Date: 9/22/2022

Recommendations: 4

6 month t-bills just shy 3.8% -----------------------------------------------------------------------------------------------best place to buy it? The one year is 4.08% now. Looks like a reasonably good pick, for the purpose mentioned. Not likely to have a positive real return, but it`s likely only a very small loss and infinitely liquid if you need the money. As for how to buy `em, generally you can just phone your broker and place an order. (even if it`s a mostly electronic-only broker like IB) As an update on another item mentioned from time to time, WFC/PL is paying 6.33%. $75/year fixed coupon, likely decade or two before it can be called. As with many preferreds, it`s tricky these days. Not great for a long hold because the capital value erodes with inflation, and not great for a short hold because the price might be low when you go to sell. Sometimes it has use in the middle ground, but with inflation so unpredictable it`s hard to recommend it. While inflation was low and T-bills were negative, it was a fine pick. No longer. Jim