As I stated in a previous post, my portfolio had a large 44% gain for 2009.
Stock Trading Riches" system and re-balanced each position, I ended up generating a lot of cash for the cash pool.
As I've also stated before, I'm happy using Scottrade as my broker*. However, they do not offer a money market "sweep account", and are only offering .15% on cash balances.
They do offer no-load mutual funds with no commission, so I parked my cash in AALPX, which is the American Beacon Short Term bond fund. They returned 5.17% last year, and have a 5 year average return of 3.68%. They invest in fixed income with a duration of 1 to 3 years.
* If you want to open a Scottrade account, use referral code ZNTJ5666 to get three free trades.
Wednesday, 13 January 2010
Using A Short-Term Bond Fund to Park My Cash
Posted on 14:21 by Unknown
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