What do you do with your excess cash?

Discussion in 'Trading' started by Aisone, Apr 27, 2018.

  1. %%
    Save it; trade/invest it.
    I would rather collect some brokers/bank interest[ not much LOL]; than pay it on IBRK credit card. Looked a 7% yield today,on an dividend ETF, but not a good trender, so back to my first line.:caution::caution:
     
    #21     Apr 27, 2018
  2. bone

    bone

    Ever since the Man Financial and PFG-Best debacles ( I've had clients get caught in both ), I've advised clients to keep their futures accounts on the minimalist side. These crises were not that long ago - and the strife and misery and anxiety it caused some of my clients left a very deep and indelible impression on me. I have a number of clients who keep multiple FCM accounts as partial insurance against Firm malfeasance.

    Point being, you can always wire funds within an hour's time. There was a point in time where I personally kept a T-Bill in my futures account, but I think that practice is no longer in vogue.
     
    #22     Apr 27, 2018
    comagnum, CALLumbus and volente_00 like this.
  3. volente_00

    volente_00

    I invest it with women

    :D

     
    #23     Apr 27, 2018
    312 and bone like this.
  4. bone

    bone

    The terms "women" and "investment" are polar opposites from my own personal experience at least.
     
    #24     Apr 27, 2018
    volente_00 and comagnum like this.
  5. ktm

    ktm

    For you guys with Marcus accounts...how do you like it? I meant to do it when they first came out and got distracted or something and never did it.
     
    #25     Apr 27, 2018
  6. 312

    312

    Do you mean from a free cash flow or depreciation perspective?
     
    #26     Apr 28, 2018
  7. JSOP

    JSOP

    Notice he said "invest it WITH women" not "invest it IN women". Big difference.

    Bad women are not to be invested in. Good women don't need to be invested in.
     
    #27     Apr 28, 2018
  8. JSOP

    JSOP

    If you are not using it to increase your trading position, I would put it in the 2 safest investment vehicles: GIC's or T-Bills.
     
    #28     Apr 28, 2018
  9. kenten

    kenten

    "coke and whores" is my answer
     
    #29     Apr 28, 2018
  10. wrbtrader

    wrbtrader

    Depends on how much is that excess cash.

    wrbtrader
     
    #30     Apr 28, 2018