No. of Recommendations: 33
Just a reminder that a discussion of T-bills worked its way through bill funds, broker deposits with counterparty risk, all the way to derivative funds.
Here are some cliches to live by, following the usual assumption that a T-bill is as good as a dollar bill:
Only cash is cash
Never reach for yield
Never put your money into something that is only "good till reached for"
If you want a return, invest the money.
If you want access to cash on short notice later, hold cash. Hold it in a way that gets you the full yield if you can, but don't go for an alternative that isn't the same thing.
Jim
