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 Originally Posted by kiora
Money in the bank is a dead loss.
You could just pick an investment or fund eg that is liquid in case the money is required urgently
Anyone have some suggestions for the sort of thing that kiora is referring to? Also sick of getting bugger all interest on money sitting in the bank, but need near instant liquidity.
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The reality is, if you need near instant liquidity, your only option is the highest interest paying call account you can find (currently Heartland). Yes, you could invest in a fund/company that has excellent liquidity, but you may need access to your funds faster than you can put a sell order in, have it filled, and receive payment into your account. I guess it depends on what you mean by “near instant.”
Originally Posted by Entrep
Anyone have some suggestions for the sort of thing that kiora is referring to? Also sick of getting bugger all interest on money sitting in the bank, but need near instant liquidity.
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