Checking account within the discount brokerage account. Link here.
Stay fully invested to extent possible.
- to extent possible, keep all cash working for you
- concept of "dry powder"
- I preferred keeping "dry powder" in MMFs, safe, high-yielding equities
Cash:
- park all cash in safe, high-yielding, easily accessible accounts
- money market funds (MMFs)
- broker's ETFs (SCHG, SCHD)
- maybe high-yielding safe blue chips? Utilities?
Difficult to "time the market"
- see "pullback" as opportunities
Pyramid:
- Roth IRA
- mutual shares
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