From Marc Lichtenfeld, Editor, The Oxford Income Letter:
I’ve got a problem. It’s a good one to have, mind you, but it’s still something I need to figure out.
I have too much cash.
Don’t get me wrong. I’m not Floyd Mayweather, walking around with a gym bag stuffed full of $100s. But I recently sold an investment property.
The funds are in my account and I’m looking for somewhere to put the cash for the short term.
My wife and I are looking for another property, so the stock market isn’t an option. (My personal philosophy – which I regularly emphasize in The Oxford Income Letter – is if you need the cash tomorrow, it shouldn’t be in the markets.) Since we will likely use this money within the next year, I need it to be liquid.
Most of my current cash holdings are in EverBank’s Yield Pledge® Money…