Summary:
In this video we discuss the underlying dynamics of interest rates and why banks pay you interest on your deposits. We also go into the basics of how a savings account and money market fund works. Lastly, we discuss some of the best options for beating the low rates currently offered by banks. Useful links: 1) Treasury Direct https://www.treasurydirect.gov/ 2) Why do Banks Need Deposits? https://www.youtube.com/watch?v=IbJjJMr4jDc&t=2s Cullen Roche is the CIO of Discipline Funds, an asset management and financial advisory firm. He has managed billions of dollars in his career and helped thousands of people achieve financial independence. He is the author of the best-selling book "Pragmatic Capitalism" as well as the most widely read macroeconomic paper on the SSRN database
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In this video we discuss the underlying dynamics of interest rates and why banks pay you interest on your deposits. We also go into the basics of how a savings account and money market fund works. Lastly, we discuss some of the best options for beating the low rates currently offered by banks. Useful links: 1) Treasury Direct https://www.treasurydirect.gov/ 2) Why do Banks Need Deposits? https://www.youtube.com/watch?v=IbJjJMr4jDc&t=2s Cullen Roche is the CIO of Discipline Funds, an asset management and financial advisory firm. He has managed billions of dollars in his career and helped thousands of people achieve financial independence. He is the author of the best-selling book "Pragmatic Capitalism" as well as the most widely read macroeconomic paper on the SSRN database
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Cullen Roche considers the following as important:
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In this video we discuss the underlying dynamics of interest rates and why banks pay you interest on your deposits. We also go into the basics of how a savings account and money market fund works. Lastly, we discuss some of the best options for beating the low rates currently offered by banks. Useful links: 1) Treasury Direct https://www.treasurydirect.gov/ 2) Why do Banks Need Deposits? https://www.youtube.com/watch?v=IbJjJMr4jDc&t=2s Cullen Roche is the CIO of Discipline Funds, an asset management and financial advisory firm. He has managed billions of dollars in his career and helped thousands of people achieve financial independence. He is the author of the best-selling book "Pragmatic Capitalism" as well as the most widely read macroeconomic paper on the SSRN database "Understanding the Modern Monetary System". **Disclaimer** - This is for educational purposes only and is not financial advice. #savings #investing #wheretoinvestcash |