Cash Is No Longer Trash! How To Use Your Money Wisely?
Ray Dalio: "I no longer think cash is trash"
Source: CNBC
Ray Dalio, the founder of Bridgewater Associates, has changed his mind, saying he no longer thinks “cash is trash” and that the short-term interest rate is “now about right.” Due to the levels of existing interest rates and the Fed’s shrinking of the balance sheet, cash “is now about neutral” and “neither a very good or very bad deal.”The Fed's continued interest rate hikes have boosted the value of U.S. dollar cash. By holding U.S. dollar cash, you can earn interest returns without credit risk, which risky assets cannot do. When downside risks to the economy increase, returns on risky assets linked to economic performance can contract or even lose money, which is the value of U.S. dollar cash.
What can cash be used for?
There is a way to use the idle funds in your account to generate profits - Tiger Vault.
- Tiger Vault provides investors with yields of up to 2.8%* on their idle funds.
- With Tiger Vault, immediately invest your cash as and when opportunities arise in stocks, options, mutual funds and IPOs.
Why Tiger Vault?
Compared with bank-term products:
Tiger Vault has high flexibility and no minimums with almost identical interest rates. The pic below shows the best-fixed deposit rates in Singapore. If you choose Tiger Vault, start from $1, without lock-in period, and start trading instantly with just 1 click! (It is better to withdraw a day in advance, sometimes settlement delivery will be delayed)
Compared with Grabpay:
Tiger Vault has the same features but with multi-currency vault, you can hold multiple currencies and use them to pay for your trades—of the same currency—without incurring additional fees. Available in SGD and USD (HKD coming soon).
On this page, here are two choices for you. If you want to subscribe with SGD, please click the left. If you want to subscribe with USD, please click the right. There are more products for you if you are interested in them.
For more details on Tiger Vault
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It is good to know that Ray Dalio no longer regards Cash as Trash in the light of rising interest rates. Cash is King which allows maximum flexibility to take advantage of the bountiful opportunities in the stock market now.
Tiger Vault is certainly an excellent choice to park idle cash while waiting to invest. Best of all there is a current 10/10 promotion to do so.
Thanks @MillionaireTiger for highlighting the the advantages of parking our idle cash with Tiger Vault.