Michael would love to join the show with a call, but he lives in Hawaii. So now said Michael, we give you a free pass, brother, we understand, hope you’re enjoying the sunshine. It says, “My cash portion of both my traditional and Roth are not in money market accounts. Should all of my cash be in a money market, or would this be considered a fixed income portion of my asset allocation?” Love you guys. I listen every day through the app. Thank you for the encouragement and support to becoming BRI and a joyful giver. And then he says “mahalo,” which I think means hello or goodbye in Hawaiian. Pretty cool. That’s awesome. And, you know, it’s good that he has the app too because I don’t think Ronnie stations in Hawaii, Oh, no, I don’t know, maybe. I don’t know. Maybe we are. Oh, maybe we are. Yeah, yeah, yeah, yeah. That is true. Good. Well, Michael, we’d love to know how you found us, yeah. And make sure that you have the app. That’s probably how you’re hearing it, yes. So your cash allocations, cash allocations really should be held in a money market. Most brokerages default to a certain money market. If yours doesn’t default to a money market account, then you should probably just ask support on whatever brokerage platform you’re on to change that for you. You can change the default there. So the money market will tend to pay a little bit higher than maybe just a cash type of account. You could argue that money market when it’s earning 5 percent is comparable to fixed income. Because, you know, the long term average for fixed income investments is around 5 percent. So I guess you could consider it fixed income. But money market rates really do belong, money market really does belong in the cash allocation of the portfolio. If you’ve used it as fixed income up to this point, it’s not a it’s probably not a bad thing if it was earning 5 percent. But rates are going to start, money market rates are going to start falling in short order now that the Fed is actually cutting rates and cutting pretty aggressively. So when I checked recently, money market was at least our money market was still paying 4.8 percent. But we’re going to start to see that decline. So reclassify it as just cash. If you’re heavy, if that makes you heavy in cash and there are some things on the buy list that you can reallocate to, go ahead and do that.
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