From the course: Managing Your Personal Investments
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Cash and equivalents in your portfolio
From the course: Managing Your Personal Investments
Cash and equivalents in your portfolio
- You know that expression it's like money in the bank? It's an expression of surety, of guarantee, a sure thing. As a reference to safety, the expression works well. Money in the bank is very safe, but what about using bank accounts as a way to invest? I'll cut to the chase and tell you straight out that money held in bank accounts is a terrible investment idea. Between fees and low interest rates, keeping money in the bank is a great way to not make money. Cash in the bank is great 'cause it's safe and easy to get at. This easy to get at part is called liquidity. You can access your money by ATM, check, wire transfer, ACH, bank teller, PayPal, Venmo but because banks pay such low interest rates right now, you should keep only a minimum amount of money in your bank account. Try to keep two to three months of expenses in the bank. This will give you enough cash to weather any bumps in the road and have a large enough…
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Contents
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Creating an investment roadmap2m 56s
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Setting goals and your risk tolerance3m 48s
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The five building blocks of the stock market4m 46s
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Cash and equivalents in your portfolio3m 2s
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Utilizing bonds in your portfolio4m 37s
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Investing in stocks4m 53s
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Investing in funds and ETFs4m 52s
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Insurance products investments3m 34s
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